Government Properties Income Trust · Newton, MA United States ·(NYSE: GOV)
Company Description
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This link will open in a new window If Government Properties Income Trust had one request of Uncle Sam it would be this: "I want you to lease our properties." As a real estate investment trust (REIT), Government Properties Income Trust invests in properties that are leased to government tenants. It owns 3.3 million sq. ft. of leasing space at its 29 properties, many of which are located in the Washington, D.C. area and 14 other states. The company leases mostly to federal agencies (such as the FBI , IRS , and FDA ), but it does lease to some state-run agencies as well. Government Properties Income Trust went public in 2009. Former majority owner HRPT Properties Trust owns 49.9% of the company following the IPO. To read the full description, subscribe now.
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Key Government Properties Income Trust Financials
| Company Type | Public - NYSE: GOV Single Location |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $75.4 |
| 2008 Employees | 570 |
Government Properties Income Trust Executives
7 executives listed for Government Properties Income Trust's Newton, MA location.
| Title | Name & Bio | Contact |
| Managing Trustee | Barry Portnoy | Network |
| President and Managing Trustee | Adam Portnoy | Network |
| CFO and Treasurer | David Blackman | Network |
Competition
Competitive Landscape for Government Properties Income Trust
The health of the economy drives demand for REITs as investment vehicles. Profitability depends on the value of the properties in the portfolio, which in turn highly depends on real estate vacancy rates. Large companies have advantages in deal-making, and economies of scale in marketing, computer and infrastructure investment, and operations. Smaller companies can compete by specializing not only in real estate type, but by geography, though geographic focus can increase risks. To read the full description, subscribe now.Top Government Properties Income Trust Competitors
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