Maguire Properties Inc. (MPG, Financial) filed Quarterly Report for the period ended 2012-06-30.
Mpg Office Trust Inc has a market cap of $146.8 million; its shares were traded at around $2.89 with and P/S ratio of 0.4. Mpg Office Trust Inc had an annual average earning growth of 7.5% over the past 10 years.
Same Properties Portfolio tenant reimbursements revenue decreased $0.6 million, or 4%, while Total Portfolio tenant reimbursements revenue decreased $1.1 million, or 5%, for the three months ended June 30, 2012 as compared to June 30, 2011, primarily due to lower occupancy as a result of lease expirations and terminations during 2011.
Same Properties Portfolio rental revenue decreased $6.7 million, or 10%, while Total Portfolio rental revenue decreased $7.4 million, or 8%, for the six months ended June 30, 2012 as compared to June 30, 2011, primarily due to decreases in occupancy as a result of lease expirations and terminations during 2011 at our core properties. Our Total Portfolio rental revenue was also negatively impacted by lower occupancy at the Properties in Default.
Same Properties Portfolio tenant reimbursements revenue decreased $1.5 million, or 5%, while Total Portfolio tenant reimbursements revenue decreased $2.5 million, or 6%, for the six months ended June 30, 2012 as compared to June 30, 2011, primarily due to lower occupancy.
Total Portfolio interest and other revenue increased $12.3 million for the six months ended June 30, 2012 as compared to June 30, 2011, primarily due to a termination payment received from Beacon Capital in connection with the joint venture.
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Mpg Office Trust Inc has a market cap of $146.8 million; its shares were traded at around $2.89 with and P/S ratio of 0.4. Mpg Office Trust Inc had an annual average earning growth of 7.5% over the past 10 years.
Highlight of Business Operations:
Same Properties Portfolio rental revenue decreased $3.5 million, or 10%, while Total Portfolio rental revenue decreased $3.9 million, or 9%, for the three months ended June 30, 2012 as compared to June 30, 2011, primarily due to decreases in occupancy as a result of lease expirations and terminations during 2011 at our core properties. Our Total Portfolio rental revenue was also negatively impacted by lower occupancy at the Properties in Default.Same Properties Portfolio tenant reimbursements revenue decreased $0.6 million, or 4%, while Total Portfolio tenant reimbursements revenue decreased $1.1 million, or 5%, for the three months ended June 30, 2012 as compared to June 30, 2011, primarily due to lower occupancy as a result of lease expirations and terminations during 2011.
Same Properties Portfolio rental revenue decreased $6.7 million, or 10%, while Total Portfolio rental revenue decreased $7.4 million, or 8%, for the six months ended June 30, 2012 as compared to June 30, 2011, primarily due to decreases in occupancy as a result of lease expirations and terminations during 2011 at our core properties. Our Total Portfolio rental revenue was also negatively impacted by lower occupancy at the Properties in Default.
Same Properties Portfolio tenant reimbursements revenue decreased $1.5 million, or 5%, while Total Portfolio tenant reimbursements revenue decreased $2.5 million, or 6%, for the six months ended June 30, 2012 as compared to June 30, 2011, primarily due to lower occupancy.
Total Portfolio interest and other revenue increased $12.3 million for the six months ended June 30, 2012 as compared to June 30, 2011, primarily due to a termination payment received from Beacon Capital in connection with the joint venture.
Read the The complete Report
