Advertisement
HomeCollectionsBtr
IN THE NEWS

Btr

FEATURED ARTICLES
BUSINESS
March 29, 1991
BTR Realty Inc. of Linthicum said yesterday that it lost almost $3.2 million, or 37 cents a share, during the fourth quarter of 1990.The company said, however, that its earnings before depreciation, amortization and deferred taxes from operating properties were up 16 percent for the full year.BTR said that discounting depreciation and the other factors lets investors judge its cash flow, which the commercial real estate ,, development company said gives a better picture of its health than net income.
ARTICLES BY DATE
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | August 21, 1993
BTR Realty Inc. shareholders yesterday overwhelmingly approved converting the company to a real estate investment trust, as part of a plan that will slash the Linthicum development firm's debt, reinstituteits dividend, and accompany changes in senior management.BTR will be absorbed by Mid-Atlantic Realty Trust, a newly formed REIT that will issue both stock and bonds next month.Most of that money will be used to pay down $73 million of BTR's debt before formally taking over the Linthicum-based company.
Advertisement
BUSINESS
By Timothy J. Mullaney | January 21, 1992
BTR Realty Inc., a Linthicum developer that has hit hard times during the recession, said yesterday that it will fold its development division into other operations to concentrate on managing its existing properties, which include the Harford Mall and York Road Plaza.The consolidation will mean that four of the division's seven executives will leave the company, BTR President F. Patrick Hughes said. One of them, Vernon D. Kalkman, was president of BTR until Mr. Hughes replaced him in 1990.
BUSINESS
By TIMOTHY J. MULLANEY and TIMOTHY J. MULLANEY,Staff Writer | July 21, 1993
HCFA project boosted permit activity in MayWork on the new headquarters of the U.S. Health Care Financing Administration has already had one salutary effect -- it pushed statistics for Baltimore-area building permits up 35 percent in May, the Baltimore Metropolitan Council reports.The initial permit for $10 million of work at what is expected to become a $122 million complex pushed the total value of nonresidential building permits issued in May to $21.4 million, up from $15.8 million in May 1992.
BUSINESS
August 16, 1991
BTR Realty Inc., the Linthicum owner and operator of shopping centers, offices and industrial buildings nationwide, announced yesterday that the company's net losses have nearly tripled during the first six months of this year compared with the same period in 1990.BTR officials reported net losses of $1.2 million for the first half of 1991, compared with $450,000 in net losses for the corresponding period last year.The company's net loss for the second quarter of this year totaled $436,900 on gross revenues of $6.7 million, officials said.
NEWS
August 26, 1991
BTR Realty, Inc. a nationwide owner and operator of shopping centers, offices and industrial buildings, has announced the company's earnings before depreciation, amortization and deferred taxes from operating properties was $1,808,720 for the six months ended June 30, 1991.The Linthicum-based firm earned $3,202,022 for the same period in 1990, and attributes the drop in income to higher operating costs, high vacancy levels in its properties, and costs due to the bankruptcy of two tenants last year.
BUSINESS
By Timothy J. Mullaney | January 21, 1992
BTR Realty Inc., a Linthicum developer that has hit hard times during the recession, said yesterday that it will fold its development division into other operations to concentrate on managing its existing properties, which include the Harford Mall and York Road Plaza.The consolidation will mean that four of the division's seven executives will leave the company, BTR President F. Patrick Hughes said. One of them, Vernon D. Kalkman, was president of BTR until Mr. Hughes replaced him in 1990.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | August 21, 1993
BTR Realty Inc. shareholders yesterday overwhelmingly approved converting the company to a real estate investment trust, as part of a plan that will slash the Linthicum development firm's debt, reinstituteits dividend, and accompany changes in senior management.BTR will be absorbed by Mid-Atlantic Realty Trust, a newly formed REIT that will issue both stock and bonds next month.Most of that money will be used to pay down $73 million of BTR's debt before formally taking over the Linthicum-based company.
BUSINESS
By Timothy J. Mullaney | May 14, 1991
Hammered by a weak market for commercial real estate, BTR Realty Inc. of Linthicum said yesterday that it will suspend its dividend and will study converting the company to a real estate investment trust, a form of organization in which the company would emphasize managing existing commercial properties and slow down its pace of developing new ones.The board of directors of the company "decided to defer the dividend we normally would declare at this time," BTR Chairman Archibald McKay told yesterday's annual shareholders' meeting at the World Trade Center in the Inner Harbor.
BUSINESS
By Kevin Thomas and Kevin Thomas,Evening Sun Staff | October 10, 1991
Linthicum-based BTR Realty Inc., battered by the recession but determined to persevere, has announced a spate of recent transactions that appear to improve the company's position.It was only last May that BTR officials announced at the company's annual meeting that they would defer dividend payments to shareholders, a move designed to protect the company's sagging profits.In August, BTR announced that its earnings for the first six months of 1991 had slipped to $1,808,720, compared with earnings of $3,202,022.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | May 11, 1993
BTR Realty Inc. officials explained their proposal to convert the company to a real estate investment trust yesterday, saying they hoped the move would free up funds for dividends and raise the price of BTR's depressed stock.The Linthicum-based company said Friday that plans for the conversion came too late for the move to be voted on at yesterday's annual shareholders' meeting at the World Trade Center in Baltimore.The small development company's projects include the Harford Mall, York Road Plaza at the Baltimore city-county line and Rolling Road Plaza in Catonsville.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer Bloomberg Business News contributed to this article | May 8, 1993
BTR Realty Inc. of Linthicum unveiled a long-awaited plan yesterday to convert the company from a corporation to a real estate investment trust, as part of a plan to raise up to $100 million to lower the debt load on BTR.The company, which struggled during the recent recession, said it plans to form a real estate investment trust called Mid-Atlantic Realty Trust, which will sell between $60 million and $100 million worth of stock and convertible debt.The...
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | November 17, 1992
Two of the state's biggest real estate companies reported higher earnings yesterday, as the Rouse Co. of Columbia and BTR Realty Inc. of Linthicum each said operating results from already-developed properties improved in the third quarter.Each company said that tracking the operating property earnings and cash flow give a truer picture of the state of its business than does net income, which is affected by depreciation rules that don't allow for the actual ebb and flow of real estate values.
NEWS
August 12, 1992
It looks like the neighbors of little Forge Park in Towson won a double victory when BTR Realty Inc. recently decided to scratch its plans to build a "Gucci Giant" supermarket on a portion of the county-owned park. Not only will local residents get to keep the seven-acre facility in its present state, but they could also have a Gucci Giant in the York Road Plaza shopping center by early 1994.For about a year, the Linthicum development firm that owns the JTC shopping center had sought to replace the current Giant store in the 6300 block of York Road with one twice as large.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | May 12, 1992
BTR Realty Inc. is still considering converting from a corporation to a real estate investment trust, but the switch has been held up by a hefty initial price tag and some raw land in the company's portfolio that does not produce income.Company President F. Patrick Hughes said most of the company's earnings increase in the first quarter was based on real operating gains rather than asset sales or one-time events, but he stopped short of saying the Linthicum-based development company could keep up its progress throughout the year.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | May 12, 1992
BTR Realty Inc. is still considering converting from a corporation to a real estate investment trust, but the switch has been held up by a hefty initial price tag and some raw land in the company's portfolio that does not produce income.Company President F. Patrick Hughes said most of the company's earnings increase in the first quarter was based on real operating gains rather than asset sales or one-time events, but he stopped short of saying the Linthicum-based development company could keep up its progress throughout the year.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer Bloomberg Business News contributed to this article | May 8, 1993
BTR Realty Inc. of Linthicum unveiled a long-awaited plan yesterday to convert the company from a corporation to a real estate investment trust, as part of a plan to raise up to $100 million to lower the debt load on BTR.The company, which struggled during the recent recession, said it plans to form a real estate investment trust called Mid-Atlantic Realty Trust, which will sell between $60 million and $100 million worth of stock and convertible debt.The...
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | May 12, 1992
BTR Realty Inc. is still considering converting from a corporation to a real estate investment trust, but the switch has been held up by a hefty initial price tag and some raw land in the company's portfolio that does not produce income.Company President F. Patrick Hughes said most of the company's earnings increase in the first quarter was based on real operating gains rather than asset sales or one-time events, but he stopped short of saying the Linthicum-based development company could keep up its progress throughout the year.
BUSINESS
May 9, 1992
Kirschner Medical Corp.The Timonium corporation reported income of $1.005 million, or 39 cents a share, in the quarter that ended March 31, up from earnings of $670,000, or 27 cents a share, a year earlier.The most recent quarter's results include extraordinary income of $192,000 stemming from a tax loss that was carried forward.Kirschner distributes, manufactures and markets joint reconstruction and orthopedic products and surgical instruments.Company officials credited the increases to higher sales of its reconstructive implant products.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.