Company Profile For Maguire Properties, Inc.

Maguire Properties, Inc. (MPG.N) (New York Stock Exchange)

sector: Financials · industry: Real Estate Operations ·

As of 25 Nov 2009

1.87USD

Price Change

-0.03

Percent Change

-1.58%

Analyst Recommendations

Overview

Maguire Properties, Inc. (Maguire Properties) is a self-administered and self-managed real estate investment trust (REIT). The Company is the owner and operator of Class A office properties in the Los Angeles Central Business District (LACBD) and is primarily focused on owning and operating office properties in the high-barrier-to-entry Southern California market. Through its controlling interest in Maguire Properties, L.P. (the Operating Partnership), of which the Company is the sole general partner and holds an approximate 87.8% interest, and the subsidiaries of its Operating Partnership, including Maguire Properties TRS Holdings, Inc., Maguire Properties TRS Holdings II, Inc., and Maguire Properties Services, Inc. The Company owns, manages, leases, acquires and develops real estate.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Maguire Properties, Inc.'s revenues decreased 2% to $266.8M. Net loss from cont. operations applc. to Common totaled $369.3M, up from $88.6M.. Revenues reflect a decrease in interest income, lower income from parking and a decrease in tenant reimbursement income. Higher loss also reflects an increase in rental property operating & Maintenance costs and the presence of impairment of assets.