BNET Industries

HRPT Properties Trust

Market Cap:$1.3B
Last Fiscal Year Sales:$840.0M
  • Public
  • US
Dow Jones Description

HRPT Properties Trust is a real estate investment trust, or REIT, which primarily owns office buildings located throughout the United States. We have a large concentration of properties leased to the U.S. Government and other tenants with good credit characteristics. We also own approximately 17 million square feet of leased commercial and industrial lands located in Oahu, Hawaii. HRP was founded in 1986 and went public on the New York Stock Exchange as a REIT that owned healthcare related properties. In the 1990's we transformed into an office REIT by selling healthcare assets and buying office buildings. During this time, we also formed three subsidiary REITs: Hospitality Properties Trust (HPT), a REIT that owns hotels and travel centers; Senior Housing Properties Trust (SNH), a REIT that primarily owns healthcare properties; and Government Properties Income Trust (GOV), a REIT that primarily owns and leases office buildings that are majority leased to government tenants. HPT, SNH and GOV became separate public companies in 1995, 1999 and 2009, respectively. We have been investment grade rated since 1994 and we are included in a number of financial indices, including the Russell 1000 , the MSCI US REIT Index, S&P REIT Composite Index and the FTSE EPRA/NAREIT United States Index.

President and Chief Operating Officer
John A. Mannix
Number of Employees 500
Contact Information

400 Centre St

Newton, Massachusetts 02458-2076

hrpreit.com

(617) 332-3990

NAICS Code : 525930

Recent Events

  • HRPT Properties secures mortgage financing

    12/04/09 - New Investment - View Story

  • Oppenheimer & Co. reiterates HRPT Properties Trust at 'perform'

    11/24/09 - Bond / Stock Rating - View Story

  • Bellevue's Expedia Tower sold for $168M

    11/17/09 - Buildings Purchased - View Story

  • HRPT Properties reports Q3 results

    11/05/09 - Financial Announcement - View Story

  • HRPT Properties sets 12-cent quarterly dividend

    10/12/09 - Stock Split / Dividend - View Story

  • Report: HRPT Properties buys DC property

    9/16/09 - Buildings Purchased - View Story

  • HRPT Properties Trust Announces Results for the Periods Ended June 30, 2009

    8/10/09 - Financial Announcement - View Story

  • HRPT Properties Trust Appoints Jan S. Yokota Vice President, Pacific Region

    6/29/09 - Mgmt. Change Entering - Vice President - View Story

  • 17th Street Plaza sale is biggest in Denver this year

    6/25/09 - Buildings Purchased - View Story

News & Analysis

hrpt properties trust - All News and Analysis

Decision Makers

Name (plus bio) Position
John A. Mannix President and Chief Operating Officer
David Lepore Senior Vice President and Chief Operating Officer
John Popeo Chief Financial Officer
Jennifer Clark Senior Vice President
Barry M. Portnoy Founder
Timothy Bonang Director of Investor Relations
William J Sheehan Director, Internal Audit & Compliance
Katie Johnston Manager of Investor Relations
Adam D Portnoy Managing Trustee

Board of Directors

Name (plus bio) Position
William A Lamkin Chairman
Frederick N. Zeytoonjian Board of Directors
Patrick F. Donelan Board of Directors

Organization Position Status
HRPT Properties Trust President and Chief Operating Officer Current
Urban Land Institute Board of Directors Current
Urban Land Institute Member Current
Grubb & Ellis Company Former
HRPT Properties Trust Board of Directors Former

Organization Position Status
HRPT Properties Trust Senior Vice President and Chief Operating Officer Current
National Association of Industrial and Office Properties Member Current
Beacon Companies Former

Organization Position Status
HRPT Properties Trust Chief Financial Officer Current
Beacon Companies NA Former
First Winthrop Corporation NA Former

Organization Position Status
HRPT Properties Trust Senior Vice President Current
HRPT Properties Trust Secretary Current
Sullivan & Worcester Llp Partner Former

Organization Position Status
Rmr Funds Owner, Director and Vice President Current
Newseasons Assisted Living Communities, Inc. Managing Director Current
Hospitality Properties Trust Managing Director of Ta Current
Somerford Corp Managing Director Current
Five Star Quality Care, Inc. Managing Director Current
Five Star Quality Care, Inc. Co-Founder & Managing Director Current
Five Star Quality Care, Inc. Founder Current
Senior Housing Properties Trust Founder Current
HRPT Properties Trust Founder Current
Hrp Founder Current
Somerford Corp Founder Current
Sullivan & Worcester Llp Partner Current
HRPT Properties Trust Managing Trustee Current
Hospitality Properties Trust Managing Trustee Current
Somerford Corp Board of Directors Current
Rmr Funds Board Member Current
TravelCenters of America, Inc. Board of Directors Current
Senior Housing Properties Trust Board of Directors Current
Five Star Quality Care, Inc. Board of Directors Current
HRPT Properties Trust Board of Directors Current
Hospitality Properties Trust Board of Directors Current
Five Star Quality Care, Inc. Board of Directors Current
Newseasons Assisted Living Communities, Inc. Board of Directors Current
Newseasons Assisted Living Communities, Inc. Founder Former
Five Star Quality Care, Inc. MD Former
Senior Housing Properties Trust Managing Trustee Former
Sullivan & Worcester Llp Chairman Former

Organization Position Status
HRPT Properties Trust Director of Investor Relations Current
HRPT Properties Trust Manager, IR Former

Array

Organization Position Status
Omni Hotels Corporation Vice Chairman Current
Omni Hotels Corporation Chief Financial Officer Former
Arthur Andersen LLP Partner Former

Organization Position Status
HRPT Properties Trust Manager of Investor Relations Current

Mr. Portnoy has served as one of our Managing Trustees since 2007. Mr. Portnoy also serves on the Board of two of our affiliated companies: HRPT Properties Trust and Senior Housing Properties Trust. Mr. Portnoy has held positions as a banker and venture capitalist with the International Finance Corp., a member of the World Bank Group, ABN AMRO and Donaldson Lufkin and Jenrette.

Organization Position Status
Hospitality Properties Trust Executive Vice President Current
Senior Housing Properties Trust Managing Trustee Current
HRPT Properties Trust Managing Trustee Current
Senior Housing Properties Trust Board of Directors Current
Hospitality Properties Trust Board of Directors Current
HRPT Properties Trust Board of Directors Current
Donaldson, Lufkin & Jenrette Member Current
HRPT Properties Trust Executive Vice President of the Company Former
International Finance Corporation NA Former
Hospitality Properties Trust Managing Trustee Current
The World Bank Group Board of Directors Former
ABN AMRO Incorporated Board of Directors Former
International Finance Corporation Venture Capitalist Former
ABN AMRO Incorporated Member Former

Mr. Lamkin has been one of our trustees since 2006. Mr. Lamkin is Chairman of the Board's Audit Committee, as well as a member of the Board's Nominating and Governance Committee. Mr. Lamkin is currently a partner in Ackrell Capital LLC, an investment bank, and Ackrell & Company, an investment advisory firm. Mr. Lamkin has experience as a financial consultant and previously held positions as a banker with large investment banks.

Organization Position Status
HRPT Properties Trust Chairman Current
HRPT Properties Trust Board of Directors Current

Mr. Zeytoonjian has served as one of our trustees since October 2003. Mr. Zeytoonjian is Chairman of the Board's Compensation Committee. Mr. Zeytoonjian is the founder, Chairman and CEO of Turf Products Corporation, one the largest distributors of lawn care equipment in the U.S.

Organization Position Status
Turf Products Corporation CEO Current
Turf Products Corporation Founder Current
Senior Housing Properties Trust Trustee Current
Turf Products Corporation Chairman Current
HRPT Properties Trust Board of Directors Current
Senior Housing Properties Trust Board of Directors Current
Senior Housing Properties Trust Trustee Current
Turf Products Corporation President Former
Senior Housing Properties Trust Chairman Former

Organization Position Status
Kleinwort Benson Chairman Current
HRPT Properties Trust Board of Directors Current
Dresdner Kleinwort Wasserstein Managing Director Former
Dresdner Kleinwort Wasserstein MD Former

Executive News

  • HRPT Properties Trust Announces Results for the Periods Ended June 30, 2009

    Business Wire - 8/10/09 - View Story

  • Government Properties Income Trust Announces Results for the Periods Ended June 30, 2009

    RBC Dain Raushcer - 8/10/09 - View Story

  • HRPT Properties Trust Appoints Jan S. Yokota Vice President, Pacific Region

    TradingMarkets - 6/29/09 - View Story

  • HRPT Properties Trust Appoints Jan S. Yokota Vice President, Pacific Region

    RBC Dain Raushcer - 6/29/09 - View Story

advertisement
     HRP $6.23 +0.03 (0.48% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 3,371,800
Shares Outstanding 223.86M
Market Cap 1.4B
Year High 8.13
Year Low 2.43
Earnings Per Share 0.23
P/E Ratio 27.09
Dividend 0.48
Yield 7.70
IndustryTop Rated
advertisement
Presented by the Premiere Rewards Gold Card from American Express