Real Estate

Mills Mulls Strategic Alternatives

 

Mills said it doesn't expect to meet the March 16 deadline to file its annual report for 2005, and said it can't provide an estimate of when it will make the filing. The REIT said its 2005 earnings and funds from operations will be "significantly below" the market's expectations and that prior guidance for the year ended should no longer be relied upon.

Mills also named Mark Ordan as its new chief operating officer. Ordan is non-executive chairman of Federal Realty Trust (FRT), a fellow retail real estate developer.

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