Sector: N/A | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2401 FOUNTAIN VIEW, SUITE 750 HOUSTON TX 77057 |
Tel: | N/A |
Website: | N/A |
IR: | N/A |
Key People | ||
William J. Carden Chairman of the Board, President, Chief Executive Officer | G. Wayne Reyes President of American Spectrum Realty Management Group Inc | G. Anthony Eppolito Vice President, Treasurer, Secretary | James L. Hurn General Counsel, Director |
Business Overview |
American Spectrum Realty, Inc. (ASR), provides real estate services. The Company provides integrated real estate solutions for its own property portfolio (properties in which the Company owns a controlling interest or in properties where the Company is the primary beneficiary of a variable interest entity (VIE)) and the portfolios of its third party clients. The Company owns and manages commercial, industrial, retail, self-storage and multi-family, student housing income properties, and offers its third party clients integrated real estate solutions, including management and transaction services. The Company conducts its business in the continental United States. The Company's business is conducted through an Operating Partnership in which the Company is the sole general partner and a limited partner with a total equity interest of 94%, as of December 31, 2013. |
Financial Overview |
For the fiscal year ended 31 December 2013, American Spectrum Realty, Inc. revenues increased 1% to $42.7M. Net loss applicable to common stockholders excluding extraordinary items increased from $5.3M to $13.4M. Revenues reflect Third party management and leasing reven increase of 12% to $3.4M, Rental increase of less than 1% to $39.2M. Higher net loss reflects Corporate general and administrative increase of 49% to $15.2M (expense). |