Updated at 3:37 p.m., Friday, February 16, 2007
Rental income up 11% at Hawai'i-connected REIT
Advertiser Staff
HRPT Properties Trust, a real estate investment trust that owns a part of Campbell Industrial Park, said rental income rose to $205.8 million in the three months ended Dec. 31, about an 11 percent increase from the similar period a year earlier.The company said net income for the quarter fell to $37.9 million from $43.7 million in the quarter a year prior, when it had gains on sale of investments.
Newton, Mass.-based HRPT owns 504 properties with 59.9 million square feet of space, including almost 18 million of leased industrial and commercial lands on O'ahu.
