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Heritage Property Investment Trust, Inc.
535 Boylston Street, Boston, MA 02116 * (617) 247-2200
Business Description The company is a fully integrated, self-administered and self-managed real estate investment trust, or REIT, which acquires, owns, manages, leases and redevelops primarily grocer-anchored neighborhood and community shopping centers in the Eastern and Midwestern United States.
Filing
Information

Not yet
public

To Trade As  HTG (NYSE) Industry  REIT (SIC 6798)
Type of Stock Offered Common Shares Filing Date  9/7/2001
Domestic Shares Filed 0 Filing Price  - -
Foreign Shares Filed  0 Offering Amount  $420,000,000
Company Shares  0 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Merrill Lynch & Co. Lead Manager (212) 449-4600
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 6 Months Ending
Figures in U.S. millions except per share data         12/31/2000 6/30/2000 6/30/2001
Revenues   - - - - 141.266 46.181 129.172
Income from Oper.   - - - - - - -
Net Income   - - - - 24.102 15.678 8.165
E.P.S   - - - - -2.400 -0.460 -2.060
Revenue Growth (%)      - - - -   179.71
Net Income Growth (%)      - - - -   -47.92
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - 17.06 6.32 33.95
Cash Flow - Oper.     64.80 26.61 34.17
Cash Flow - Inv.     -745.12 -4.66 -3.99
Cash Flow - Fin.     656.61 -19.95 -28.95
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/2001 Financial Ratios
Total Assets    1,889.86 Current Assets    - Current Ratio    -
Total Liab.    1,378.90 Current Liab.    - Debt Ratio    72.96%
Total Equity    510.95 Working Cap.    - Debt to Equity Ratio    2.70
Cash    -    Return on Assets   0.43%
Use Of
Proceeds
The proceeds from the proposed offering will be used to repay indebtedness.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Bingham, Dana & Gould
Bank's Law Firm  Hogan & Hartson
Auditor  KPMG LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
New England Teamsters and Trucking Industry Pension Fund 80.10  
The Prudential Insurance Company of America 18.40  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 9/16/2001 5:32:37 PM
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