| Equity Office Properties Trust, Inc. | |||
| Ticker: | EOP | ||
| Exchange: | New York Stock Exchange | Chicago, IL | |
| Industry: | Financial (SIC Code 6798) | ||
| # of Employees: | 790 | ||
| Type of Shares: | Common Shares | Filing Date: | 5/7/97 | |
| U.S. Shares: | 20,000,000 | Offer Date: | 7/7/97 | |
| Non-U.S. Shares: | 5,000,000 | Filing Range: | $18.00 - $20.00 | |
| Primary Shares: | 25,000,000 | Offer Price: | $21.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.37 | |
| Offering Amount: | $475,000,000 | Selling: | $0.82 | |
| Expenses: | $3,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 159,779,400 |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-0517 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Prudential Securities Incorporated | Co-manager | (212) 778-5420 |
| Smith Barney Inc. | Co-manager | (212) 723-7300 |
| Issuer's Law Firm: | Rosenberg & Liebentritt |
| Bank's Law Firm: | Hogan & Hartson |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | Boston Equiserve Limited Partnership |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $508.12 | $154.57 | $110.15 | Assets: | $3,966.36 |
| Net Income: | $73.42 | $30.77 | $17.98 | Curr Assets: | |
| EPS: | $0.91 | Liabilities: | $2,207.02 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $1,759.34 | |||
| Cash Flow/Fin: | Cash: | $376.12 | |||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a real estate investment trust (REIT). The company will own a portfolio of 90 office properties with 32.2 million square feet plus 14 parking facilities with 14,785 spaces, in 20 states and Washington D.C. |
| Business Plan |
| The company's primary business objective is to achieve sustainable long-term growth in cash flow per share and to maximize long-term shareholder value. The company'sintends to achieve this objective by owning and operating institutional quality office buildings and providing a superior level of service to tenants in central business districts and suburban markets across the United States. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness. |