Date: Fri, 19 Dec 1997 05:07:49 GMT Server: RapidSite/Apa-1.2.1 FrontPage Last-Modified: Tue, 21 Oct 1997 20:01:08 GMT ETag: "1f56b9a-2b94-344d0a04" Content-Length: 11156 Accept-Ranges: bytes Connection: close Content-Type: text/html TriNet: Company Profile
Company Profile

Business Description
Common and Preferred Stock Information
Stock Price Quote
Property Portfolio Summary
Senior Management and Directors
Analyst Coverage
Credit Ratings
Corporate Offices

Business Description

TriNet Corporate Realty Trust, Inc. is a real estate investment trust which acquires, owns and manages predominantly single-tenant office and industrial properties leased to corporations nationwide. TriNet focuses on acquiring general purpose office and industrial properties that are important to the ongoing operations of its tenants, such as corporate headquarters and strategic distribution facilities. TriNet acquires properties by structuring purchase/leaseback transactions directly with corporations, by purchasing properties from investors that are subject to existing net leases, and by purchasing build-to-suits from developers. The company's triple net leases typically provide that its tenants pay for most or all property operating expenses while contractual rental income escalates.

TriNet was founded more than ten years ago and completed its initial public offering on June 3, 1993. Since going public, the company has increased its revenues fivefold while strengthening its balance sheet and increasing the credit quality and diversity of its portfolio. Most of TriNet's rental revenue now comes from high quality tenants, such as AlliedSignal, AT&T, Compaq, Federal Express, IBM, Lever Brothers, Microsoft, NIKE, and TRW. At September 30, 1997, TriNet's portfolio consisted of 103 properties comprising more than 15.4 million square feet in 25 states, all of which were 100 percent leased by 76 corporate tenants.

TriNet has a conservative balance sheet and significant capital resources. The company has a $200 million unsecured revolving credit facility, which allows it to rapidly fund its acquisitions and ongoing capital needs. In addition, TriNet has senior unsecured investment grade ratings from all four rating agencies. As a result, the company is well positioned to access low-cost debt and equity capital from a variety of sources.


Common and Preferred Stock Information

NYSE Symbol:
Common Stock: TRI
Series A Preferred Stock: TRI PrA
Series B Preferred Stock: TRI PrB
Series C Preferred Stock: TRI PrC
Fully Diluted Common Shares Outstanding
(at September 30, 1997):
20,843,058
Preferred Shares Outstanding (Non-convertable): 7,300,000
Approximate Institutional Ownership
(at September 30, 1997):
60%
Insider Ownership (at September 30, 1997): 2.36%
12 Month Price Range for Common Stock
(at September 30, 1997):
$31.25 - $36.625
Indicated Annual Dividend Per Share for Common Stock: $2.52
Annual Dividend Per Share for Series A Preferred Stock: $2.34375
Annual Dividend Per Share for Series B Preferred Stock: $2.30
Annual Dividend Per Share for Series C Preferred Stock: $2.00
Return of Capital on Common Stock Dividend, 1993:
1994:
1995:
1996:
19%
25%
40%
45%

Property Portfolio Summary

(at September 30, 1997)

Facility Type # of Prop Square Feet % Annual Rent %
Office 56 7,112,803 46.0% $79,384,855 68.4%
Industrial 43 7,979,633 51.6% $32,613,055 28.1%
Retail 4 381,933 2.5% $4,137,796 3.6%
Total 103 15,474,369 100% $116,135,706 100%


Analyst Coverage


Credit Ratings:


Corporate Offices:



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Last updated: Tuesday, October 21, 1997
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