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PRENTISS PROP TR, (PP) Stock Research Free Stock Rating
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Prentiss Properties Trust , a real estate investment trust (REIT), engages in the acquisition, ownership, management, leasing, and development of primarily office properties in the United States. It provides administrative services, such as accounting, tax, and legal, as well as management and maintenance services. The trust operates in regions, such as mid Atlantic, mid west, southwest, northern California, and southern California. As of June 30, 2004, the company owned interests in a portfolio of 136 office and industrial properties. The company has elected to be taxed as a REIT under Internal Revenue Code. As a REIT, it would not be subject to federal corporate income tax on its taxable income that it distributes to its shareholders. Prentiss Properties was founded in 1987 is headquartered in Dallas, Texas.
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