Posted at 11:27 a.m., Friday, May 4, 2007
REIT with O'ahu holdings reports net income decline
Advertiser Staff
HRPT Properties Trust, a company that includes 17 million square feet of leased O'ahu industrial and commercial space among its holdings, said net income available to shareholders fell to $17.7 million in the first quarter.That compared to $131.4 million a year earlier, when it had a $116.3 million gain on the sale of investments.
The Newton, Massachusetts-based real estate investment trust said 92.8 percent of its space was leased at the end of March. It's Hawai'i holdings include property at Campbell Industrial Park.
