Company Profile For Colonial Properties Trust

Colonial Properties Trust (CLP.N) (New York Stock Exchange)

sector: Financials · industry: REIT - Residential & Commercial ·

As of 25 Nov 2009

10.86USD

Price Change

-0.08

Percent Change

-0.73%

Analyst Recommendations

Overview

Colonial Properties Trust (Colonial) is a multifamily real estate investment trust (REIT) that creates additional value for its shareholders by managing commercial assets through joint venture investments and pursuing development opportunities. As of March 31, 2008, the Company owned or managed 38,822 apartment units, 16.2 million square feet of office space and 8.1 million square feet of retail shopping space located in principal Sunbelt states from Virginia to Nevada. On January 16, 2008, Colonial acquired the remaining 75% interest in a 270-unit multifamily apartment community, Colonial Village at Matthews, located in Charlotte, North Carolina.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Colonial Properties Trust's revenues decreased 2% to $169.8M. Net income from cont. ops. applic. to common increased 13% to $12.5M. Revenues reflect a decrease in construction revenue and lower other Non-property related revenue. Net income was offset by lower construction expense, a decrease in general & administration expense and a decrease in management fees & other expense.