MART's annual total return for year-end 2001 was 38.83%. The five-year distinction marks the second such achievement in a row for the company. "We at MART are gratified that the marketplace has recognized MART's strategy of combining development activities and redevelopment activities with asset purchases to produce increased funds from operations per share," company president and CEO F. Patrick Hughes says in response to the news. Indicative of its success, the Board of Directors of MART, which has an equity interest in 36 shopping centers in the mid-Atlantic and Northeast regions, recently increased the company's dividend for the eighth year in a row.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
