<PAGE>
Exhibit 99.1
[LOGO OF PRIME GROUP REALTY TRUST]
Table of Contents
<TABLE>
<CAPTION>
Company Overview Page
<S> <C>
Corporate Profile 2
Board of Trustees/Executive Officers/Third Quarter Highlights 3
Quarterly and Year to Date Financial Results
Consolidated Statement of Income 5
Consolidated Balance Sheet 7
Calculation of Funds from Operations and Funds Available for Distribution 8
Quarterly and Year to Date Operating Information
Same Property Analysis 9
Leasing Activity Analysis 10
Office Lease Expiration Schedule 11
Industrial Lease Expiration Schedule 12
Same Store Analysis 13
Development Projects 14
Market Capitalization Information
Indebtedness Activity 15
Capital Events 16
Market Captialization 17
Indebtedness Schedule 18
Indebtedness Allocation 19
Interest Rate Hedge Agreements 20
Indebtedness Maturities Summary 21
Portfolio Information
Total Office and Industrial Properties and Square Feet Owned and Under Contract 22
Property Summary 23
Largest Office Tenants by Annualized Base Rent 25
Largest Office Tenants by Percentage of Square Footage in Portfolio 26
Largest Industrial Tenants by Annualized Base Rent 27
Largest Industrial Tenants by Percentage of Square Footage in Portfolio 28
PGE Stock Performance YTD 29
Investor Information 30
</TABLE>
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
1 (NYSE: PGE) 3Q 2000
<PAGE>
[LOGO OF PRIME GROUP REALTY TRUST]
Corporate Profile
We are a fully-integrated real estate company providing property management,
leasing, marketing, acquisition, development, redevelopment, construction,
finance and other related services. We intend to continue to qualify as a real
estate investment trust ("REIT") for federal income tax purposes. As of
September 30, 2000, through Prime Group Realty, L.P., our operating partnership,
we own 27 office properties containing an aggregate of approximately 8.9 million
net rentable square feet and 31 industrial properties containing an aggregate of
approximately 4.2 million net rentable square feet. The above properties are
located primarily in the Chicago metropolitan area. We also own approximately
200.2 acres of developable land and rights to acquire more than 176.8 additional
acres of developable land which management believes could be developed with
approximately 10.2 million rentable square feet of additional office and
industrial space.
In terms of net rentable square feet, approximately 89.1% of our office
properties and all of our industrial properties are located in the Chicago
metropolitan area in prime business locations within established business
communities. The properties located in metropolitan Chicago account for
approximately 89.7% of our total rental and tenant reimbursement revenue for the
nine months ended September 30, 2000. Our remaining office properties are
located in Cleveland, Ohio; Phoenix, Arizona; Knoxville, Tennessee; and
Milwaukee, Wisconsin.
We intend to access multiple sources of capital to fund future acquisition and
development activities. These capital sources may include undistributed cash
flow, borrowing under credit facilities, proceeds from the issuance of long-
term, tax-exempt bonds, joint venture arrangements, property sales, the issuance
and sale of debt or equity securities and other bank and/or institutional
borrowings. There can be no assurance that any such financing will be obtained.
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
2 (NYSE: PGE) 3Q 2000
<PAGE>
Board of Trustees
-----------------
Richard S. Curto
Chief Executive Officer, Prime Group Realty Trust
Jacque M. Ducharme
President, Julien J. Studley, Inc.
Stephen J. Nardi
Vice-Chairman of the Board, Prime Group Realty Trust
Christopher J. Nassetta
President and Chief Executive Officer, Host Marriott Corporation
Michael W. Reschke
Chairman of the Board, Prime Group Realty Trust
The Honorable Governor James R. Thompson
Partner and Chairman of the Executive Committee, Winston & Strawn
Executive Officers
------------------
Michael W. Reschke
Chairman of the Board, Trustee
Richard S. Curto
Chief Executive Officer, Trustee
Richard S. Abraham
Co-President, CEO Prime Realty Services
Louis G. Conforti
Co-President, Chief Financial Officer
Jeffrey A. Patterson
Co-President, Chief Investment Officer
James F. Hoffman
Senior Vice-President, General Counsel and Secretary
Edward S. Hadesman
President, Industrial Division
Philip A. Hoffer
Executive Vice President, RE Operations and Asset Management
Roy P. Rendino
Senior Vice President, Finance and Chief Accounting Officer
Christopher "Kit" J. Sultz
Senior Vice President, Industrial Operations
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
3 (NYSE: PGE) 3Q 2000
<PAGE>
Third Quarter Highlights
Diluted FFO per share for the third quarter was $0.46, a decrease from $0.55
reported in the prior year period. On a cash basis, without straight-line rent,
diluted FFO per share for the second quarter was $0.38, a decrease from $0.53
reported in the prior year period.
The Company recorded a provision for property impairment of $0.18 per share
related to a development parcel.
For the third quarter, the Company realized "same store" growth in property net
operating income of 8.0% for the 20 office and 28 industrial properties that
were owned during the third quarters of both 1999 and 2000.
Driven by strong leasing activity, the Company signed 52 new leases totaling
506,017 square feet and renewed 32 leases totaling 430,151 square feet. Overall
net rental rates on lease renewals averaged an 18.5% increase over prior net
rents. Net rental rates on office lease renewals in the central business
district averaged a 34.3% increase over prior net rents.
The law firm of Holland & Knight signed a lease amendment at the Company's
Dearborn Center development for an additional 34,683 square feet, increasing
their lease commitment to a total of 104,049 square feet.
The Company's pursuit of strategic alternatives is well underway and expressions
of interest are expected by the month's end.
During the quarter, the Company sold two downtown Chicago office buildings and
three suburban Chicago industrial properties during the quarter for a gain of
$8.3 million, and net cash proceeds of $51.0 million, after debt retirement of
$45.0 million.
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
4 (NYSE: PGE) 3Q 2000
<PAGE>
Consolidated Statements of Income
(000's omitted, except per share data)
(Unaudited)
September 30, 2000
<TABLE>
<CAPTION>
Three Months ended Nine Months ended
September 30 September 30
2000 1999 2000 1999
------------------------------------------------
<S> <C> <C> <C> <C>
Revenue
Rental $ 34,515 $ 32,420 $ 101,319 $ 99,166
Tenant reimbursements 17,386 12,686 49,475 39,071
Other property revenues 1,937 1,974 6,014 5,562
Mortgage note interest 726 1,707 4,864 4,817
Other 2,498 1,009 6,122 3,171
------------------------------------------------
Total revenue 57,062 49,796 167,794 151,787
Expenses
Property operations 14,673 11,958 39,371 33,205
Real estate taxes 8,882 7,221 29,756 26,370
Depreciation and amortization 9,721 8,744 28,788 25,382
Interest 15,327 10,899 42,458 32,822
General and administrative 2,404 1,665 -- 5,472
Loss on land development option -- -- 6,861 600
------------------------------------------------
Total Expenses 51,005 40,487 147,234 123,851
------------------------------------------------
Income before (loss) gain on sales 6,057 9,309 20,560 27,936
of real estate, minority interests
and extraordinary item
(Loss) gain on sales of real estate, net 8,302 48,125 5,717 52,482
------------------------------------------------
Income before minority interests and
extraordinary item 14,359 57,434 26,277 80,418
Minority interests (4,689) (22,499) (7,062) (29,247)
------------------------------------------------
Income before extraordinary item 9,670 34,935 19,215 51,171
Extraordinary loss on extinguishment of debt,
net of minority interests (1), (2) (857) (829) (1,265) (829)
------------------------------------------------
Net income 8,813 34,106 17,950 50,342
Net income allocated to
preferred shareholders (3,036) (3,037) (9,110) (9,067)
------------------------------------------------
Net income available to
common shareholders $ 5,777 $ 31,069 $ 8,840 $ 41,275
================================================
Net income available per
weighted-average common share of
------------------------------------------------
beneficial interest - basic $ 0.37 $ 2.05 $ 0.58 $ 2.73
================================================
Net income available per
weighted-average common share of
------------------------------------------------
beneficial interest - diluted $ 0.37 $ 2.05 $ 0.57 $ 2.72
================================================
</TABLE>
(1) Net of minority interest of $604 and $576 for the three months ended
September 30, 2000 and 1999 respectively
(2) Net of minority interest of $900 and $576 for the three months ended
September 30, 2000 and 1999 respectively
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
5 (NYSE: PGE) 3Q 2000
<PAGE>
Consolidated Statements of Income - Continued
(000's omitted, except per share data)
(Unaudited)
September 30, 2000
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
September 30 September 30
2000 1999 2000 1999
--------------------------------------------
<S> <C> <C> <C> <C>
Net income allocated to common shareholders $ 5,777 $ 31,069 $ 8,840 $ 41,275
Adjustments to reconcile to
Funds from Operations:
Real estate depreciation and amortization 8,302 8,022 25,003 23,443
Amortization of costs for leases assumed 206 245 623 736
Joint venture adjustments 865 - 2,590 -
Adjustment for sale of operating property (8,302) (48,125) (3,834) (52,482)
Extraordinary loss on extinguishment debt 857 829 1,265 829
Minority interests 4,689 22,499 7,062 29,247
--------------------------------------------
Funds from Operations, including straight-line rental revenue 12,394 14,539 41,549 43,048
Straight line rental revenue (2,289) (635) (6,875) (1,845)
Straight line rental revenue from joint venture (158) - (474) -
--------------------------------------------
Funds from Operations, excluding straight-line rental revenue $ 9,947 $ 13,904 $ 34,200 $ 41,203
============================================
Funds from Operations per common share of beneficial interest,
including straight-line rental revenue:
Basic $ 0.47 $ 0.56 $ 1.58 $ 1.68
============================================
Diluted $ 0.46 $ 0.55 $ 1.55 $ 1.64
--------------------------------------------
Funds from Operations per common share of beneficial interest,
excluding straight-line rental revenue:
Basic $ 0.38 $ 0.54 $ 1.30 $ 1.61
============================================
Diluted 1,2 $ 0.38 $ 0.53 $ 1.29 $ 1.57
--------------------------------------------
Weighted average shares of beneficial interest:
Basic 26,361 25,815 26,267 25,647
============================================
Diluted 28,560 27,933 28,394 27,712
--------------------------------------------
</TABLE>
(1) Assumes conversion of Series A Cumulative Convertible Preferred Shares into
common stock and an add back to FFO of the related dividend of $786 and $787 for
the three months ended September 30, 2000 and 1999 respectively.
(2) Assumes conversion of Series A Cumulative Convertible Preferred Shares into
common stock and an add back to FFO of the related dividend of $2,360 and $2,317
for the nine months ended September 30, 2000 and 1999 respectively.
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
6 (NYSE: PGE) 3Q 2000
<PAGE>
Balance Sheet
September 30, 2000
<TABLE>
<CAPTION>
September 30,
2000 December 31,
Assets (Unaudited) 1999
--------------------------------
<S> <C> <C>
Real estate, at cost:
Land $ 196,398 $ 183,295
Building and improvements 939,078 928,567
Tenant improvements 49,952 39,232
--------------------------------
1,185,428 1,151,094
Accumulated depreciation (54,114) (37,977)
--------------------------------
1,131,314 1,113,117
Property under development 152,167 125,724
Property held for sale - -
1,283,481 1,238,841
Mortgage note receivable - 82,687
Cash and cash equivalents 28,467 21,167
Tenant receivables 6,272 11,438
Restricted cash escrows 71,142 42,140
Deferred rent receivable 14,405 9,501
Deferred costs, net 26,381 26,901
Other 16,781 11,500
--------------------------------
Total assets $ 1,446,929 $ 1,444,175
================================
Liabilities and Shareholders' Equity
Mortgage notes payable $ 771,452 $ 705,194
Credit facilities - 19,527
Bonds payable 57,150 74,450
Accrued interest payable 4,810 3,508
Accrued real estate taxes 30,694 40,689
Accounts payable and accrued expenses 26,541 36,133
Liabilities for leases assumed 2,525 3,235
Dividends payable 8,244 8,122
Other 10,645 10,909
--------------------------------
Total liabilities 912,061 901,767
Minority interests:
Operating Partnership 160,293 168,070
Other 1,000 1,000
Series A - Cumulative Convertible Preferred Shares, 2,000,000 shares 39,813 39,703
designated, issued and outstanding at September 30, 2000 and
December 31, 1999
Shareholders' equity:
Preferred Shares, $0.01 par value; 30,000,000 shares authorized:
Series B - Cumulative Redeemable Preferred Shares, 4,000,000 shares 40 40
designated, issued and outstanding at September 30, 2000 and
December 31, 1999
Common Shares, $0.01 par value; 100,000,000 shares authorized: 156 152
15,302,223 and 15,189,438 shares issued and outstanding
at September 30, 2000 and December 31, 1999, respectively
Additional paid-in capital 328,181 321,357
Retained earnings 5,386 12,086
--------------------------------
Total shareholders' equity 333,763 333,635
--------------------------------
--------------------------------
Total liabilities and shareholders' equity $ 1,446,929 $ 1,444,175
================================
</TABLE>
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
7 (NYSE: PGE) 3Q 2000
<PAGE>
Funds from Operation
Using New NAREIT Definition
<TABLE>
<CAPTION>
Three Months
Ended Ended
September 30 June 30,
2000 2000
-------------------------------------
<S> <C> <C>
Net Income Allocated to Common Shareholders $ 5,777,000 $ (471,000)
FFO Adjustments
---------------
Real Estate Depreciation and Amortization 8,302,000 8,495,000
Amortization of Costs for Leases Assumed 206,000 255,000
Joint Venture Adjustments 865,000 862,000
Adjustment for sale of operating properties (8,302,000) 4,338,000
Minority Interests 4,689,000 (47,000)
Extraordinary Loss 857,000 408,000
-------------------------------------
Basic Funds from Operations 12,394,000 13,840,000
Convertible Preferred Share Distributions 786,000 787,000
-------------------------------------
Diluted Funds from Operations $ 13,180,000 $ 14,627,000
=====================================
Weighted Average Shares
-----------------------
Common Shares Outstanding 15,542,616 15,286,478
Operating Partnership Units Outstanding 10,817,911 11,086,705
-------------------------------------
Weighted Average Shares-Basic 26,360,527 26,373,183
Convertible Preferred Shares Outstanding 2,000,000 2,000,000
Effect of Diluted Securities-Employee Stock Options 199,269 143,889
-------------------------------------
Weighted Average Shares - Diluted 28,559,796 28,517,072
=====================================
Basic Funds from Operations per Share $ 0.47 $ 0.52
Diluted Funds from Operations per Share $ 0.46 $ 0.51
</TABLE>
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
8 (NYSE: PGE) 3Q 2000
<PAGE>
Same Property Analysis
September 30, 2000
<TABLE>
<CAPTION>
Three Months Ended September 30, Nine Months Ended September 30,
2000 1999 % Change 2000 1999 % Change
-------------------------------------- ------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Number of Properties 48 48 45 45
REVENUE:
Minimum Rents $ 20,916,430 $ 19,995,121 4.61% $ 57,085,013 $ 53,772,812 6.16%
Recoveries from Tenants 10,373,487 7,228,531 43.51% 28,626,066 23,613,606 21.23%
Other Income 1,146,452 2,187,685 -47.60% 3,549,553 4,227,614 -16.04%
-------------------------------------- ------------------------------------
32,436,369 29,411,337 10.29% 89,260,632 81,614,031 9.37%
EXPENSES:
Property Operating 9,299,055 9,388,656 -0.95% 23,999,027 22,364,291 7.31%
Real Estate Taxes 5,899,954 4,364,373 35.18% 17,663,168 15,550,856 13.58%
Other Expenses 517,917 172,437 200.35% 1,697,568 658,422 157.82%
-------------------------------------- ------------------------------------
15,716,926 13,925,466 12.86% 43,359,764 38,573,569 12.41%
-------------------------------------- ------------------------------------
NET OPERATING INCOME $ 16,719,444 $ 15,485,871 7.97% $ 45,900,869 $ 43,040,462 6.65%
====================================== ====================================
</TABLE>
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
9 (NYSE: PGE) 3Q 2000
<PAGE>
Leasing Activity Analysis
September 30, 2000
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
06/30/00 09/30/00 09/30/00 Number SF of Number 06/30/00
3RD QTR NEW Net Net 06/30/00 06/30/00 09/30/00 Occupied of Move Move of New SF of New Leased
LEASING Rentable Rentable Leased SF Occupied SF Leased SF SF Outs Outs Leases Leasing %
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Downtown Office** 5,534,408 5,537,105 5,322,701 5,044,191 5,329,419 5,286,586 9 36,844 31 88,913 96.2%
Suburban Office 3,355,790 3,359,947 3,234,892 3,113,701 3,235,522 3,192,133 4 11,593 17 70,696 96.4%
----------------------------------------------------------------------------------------------------------------
Total Office 8,890,198 8,897,052 8,557,593 8,157,892 8,564,941 8,478,719 13 48,437 48 159,609 96.3%
Industrial 5,372,112 4,187,030 4,893,613 4,615,236 3,903,924 3,584,851 4 86,329 4 346,408 91.1%
----------------------------------------------------------------------------------------------------------------
Total Portfolio 14,262,310 13,084,082 13,451,206 12,773,128 12,468,861 12,063,570 17 134,766 52 506,017 94.3%
================================================================================================================
</TABLE>
-------------------------------
06/30/00 09/30/00
3RD QTR NEW Occupied 09/30/00 Occupied
LEASING % Leased % %
------------------------------
Downtown Office** 91.1% 96.2% 95.5%
Suburban Office 92.8% 96.3% 95.0%
------------------------------
Total Office 91.8% 96.3% 95.3%
Industrial 85.9% 93.2% 85.6%
------------------------------
Total Portfolio 89.6% 95.3% 92.2%
==============================
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
01/01/00 09/30/00 09/30/00 Number SF of Number 01/01/00
Net Net 01/01/00 01/01/00 09/30/00 Occupied of Move Move of New SF of New Leased
YTD NEW LEASING Rentable Rentable Leased SF Occupied SF Leased SF SF Outs Outs Leases Leasing %
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Downtown Office * 6,170,199 5,537,105 5,637,018 5,546,617 5,329,419 5,286,586 26 75,918 59 231,565 91.4%
Suburban Office 3,608,127 3,359,947 3,407,719 3,256,823 3,235,522 3,192,133 39 249,474 79 465,740 94.4%
----------------------------------------------------------------------------------------------------------------
Total Office 9,778,326 8,897,052 9,044,737 8,803,440 8,564,941 8,478,719 65 325,392 138 697,305 92.5%
Industrial 5,252,112 4,187,030 4,444,779 4,444,779 3,903,924 3,584,851 5 152,133 7 634,716 84.6%
----------------------------------------------------------------------------------------------------------------
Total Portfolio 15,030,438 13,084,082 13,489,516 13,248,219 12,468,865 12,063,570 70 477,525 145 1,332,021 89.7%
================================================================================================================
</TABLE>
-------------------------------
01/01/00 09/30/00
YTD NEW Occupied 09/30/00 Occupied
LEASING % Leased % %
-------------------------------
Downtown Office * 89.9% 96.2% 95.5%
Suburban Office 90.3% 96.3% 95.0%
-------------------------------
Total Office 90.0% 96.3% 95.3%
Industrial 84.6% 93.2% 85.6%
-------------------------------
Total Portfolio 88.1% 95.3% 92.2%
===============================
<TABLE>
<CAPTION>
---------------------------------------------------------------------------
3RD QTR SF of Renewal %
RENEWAL Number of SF up for Leases Renewal Old Net Net Rent Increase
LEASING Renewals Renewal Renewed Percentage Rent Avg. in Rent
---------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Downtown Office ** 19 88,091 54,828 62.2% $ 9.34 $ 12.55 34.31%
Suburban Office 11 87,986 57,335 65.2% $12.71 $ 13.26 4.33%
---------------------------------------------------------------------------
Total Office 30 176,077 112,163 63.7% $11.06 $ 12.91 16.71%
Industrial 2 319,531 317,988 99.5% $ 2.48 $ 3.01 21.36%
---------------------------------------------------------------------------
Total Portfolio 32 495,608 430,151 86.8% $ 4.72 $ 5.59 18.52%
===========================================================================
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------
SF of Renewal %
YTD RENEWAL Number of SF up for Leases Renewal Old Net Net Rent Increase
LEASING Renewals Renewal Renewed Percentage Rent Avg. in Rent
---------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Downtown Office ** 36 168,196 107,379 63.8% $10.26 $13.21 28.79%
Suburban Office 39 369,905 322,272 87.1% $13.06 $14.87 13.87%
---------------------------------------------------------------------------
Total Office 75 538,101 429,651 79.8% $11.68 $13.66 16.97%
Industrial 6 666,554 531,194 79.7% $ 2.89 $3.45 19.54%
---------------------------------------------------------------------------
Total Portfolio 81 1,204,655 960,845 79.8% $ 7.12 $8.37 17.54%
===========================================================================
</TABLE>
* 9/30/00 includes 180 North La Salle Street, excludes 122 North Michigan Ave.
and 33 North Dearborn.
** 01/01/00 excludes 180 North La Salle Street, includes 122 North Michigan Ave.
and 33 North Dearborn
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
(NYSE: PGE) 3Q 2000
10
<PAGE>
Office Lease Expiration Schedule
September 30, 2000
Office Lease Expiration Schedule
--------------------------------
<TABLE>
<CAPTION>
Average Annual
Annual Base** Rent per Net Net Rentable Percentage of
Number of Rent Under Rentable SF Area Subject Total Leased SF
Year of Lease Expiring Expiring Percentage of Represented by to Expiring Represented by
Expiration Leases Leases Expiring Leases Expiring Leases Leases (SF) Expiring Leases
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
2000 54 $ 3,251,939 1.99% $ 16.05 202,567 2.25%
2001 166 16,917,450 10.38% $ 15.91 1,063,523 11.82%
2002 138 11,743,244 7.20% $ 18.05 650,612 7.23%
2003 149 12,393,292 7.60% $ 16.32 759,178 8.44%
2004 114 13,017,480 7.98% $ 17.38 748,878 8.32%
2005 102 12,771,156 7.83% $ 15.12 844,902 9.39%
2006 41 16,495,515 10.12% $ 13.26 1,244,405 13.83%
2007 32 32,342,201 19.84% $ 26.26 1,231,427 13.69%
2008 29 8,243,855 5.06% $ 16.33 504,912 5.61%
2009+ 66 35,867,630 22.00% $ 20.53 1,746,782 19.41%
----- --- ------------ ------ ------- --------- ------
Total/Average 891 $163,043,762 100.00% $ 18.12 8,997,186 100.00%
====================================================================================
</TABLE>
**Does not include Month-To-Month leases
Percentage of Lease Expiration*
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
25.00%
20.76% 20.01%
20.00%
15.00%
10.01% 10.46%
10.00% 8.08%
7.39% 7.04%
5.46% 5.78% 5.01%
5.00%
0.00%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009+
</TABLE>
Year of Lease Expiration
*Based upon Annual Base Rent
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
11 (NYSE: PGE) 3Q 2000
<PAGE>
Industrial Lease Expiration Schedule
September 30, 2000
Industrial Lease Expiration Schedule
------------------------------------
<TABLE>
<CAPTION>
Average Annual
Annual Base** Rent per Net Net Rentable Percentage of
Number of Rent Under Rentable SF Area Subject Total Leased SF
Year of Lease Expiring Expiring Percentage of Represented by to Expiring Represented by
Expiration Leases Leases Expiring Leases Expiring Leases Leases (SF) Expiring Leases
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
2000 13 $ 2,961,869 15.32% $ 3.68 804,329 15.99%
2001 11 1,701,612 8.80% $ 4.67 364,396 7.25%
2002 5 764,973 3.96% $ 5.22 146,680 2.92%
2003 5 690,500 3.57% $ 6.14 112,499 2.24%
2004 12 2,875,387 14.87% $ 3.65 787,745 15.66%
2005 10 2,108,138 10.90% $ 3.65 577,618 11.48%
2006 13 2,540,203 13.14% $ 4.66 545,669 10.85%
2007 5 1,008,201 5.22% $ 4.25 237,417 4.72%
2008 0 - 0.00% $ 0.00 - 0.00%
2009+ 11 4,681,235 24.21% $ 3.22 1,453,206 28.89%
----- -- ----------- ------ ------ --------- ------
Total/Average 85 $19,332,118 100.00% $ 3.84 5,029,559 100.00%
=========================== =========================
</TABLE>
**Does not include Month-To-Month leases
Percentage of Lease Expiration*
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
30.00%
24.37%
25.00%
21.56%
20.00%
14.62%
15.00% 13.47%
8.63%
10.00%
5.90% 6.52%
5.00% 3.45%
1.47% 0.00%
0.00%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009+
</TABLE>
Year of Lease Expiration
* Based upon Annual Base Rent
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
12 (NYSE: PGE) 3Q 2000
<PAGE>
Same Store Analysis
September 30, 2000
<TABLE>
<CAPTION>
9/30/2000 vs. 9/30/1999
Building Size SF Leased SF Leased % Leased % Leased
(SF) 9/30/2000 9/30/1999 9/30/2000 9/30/1999
---------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Enterprise Center II 169,435 28,978 28,978 17.1% 17.1%
Enterprise Center III 291,550 291,550 291,550 100.0% 100.0%
Enterprise Center IV 87,483 85,799 85,799 98.1% 98.1%
Enterprise Center EC 54,070 40,000 40,000 74.0% 74.0%
Enterprise Center V 196,475 196,475 196,475 100.0% 100.0%
Enterprise Center VI 250,266 248,255 248,255 99.2% 99.2%
HEC 76,821 69,825 69,825 90.9% 90.9%
Enterprise Center VII 462,131 462,131 223,266 100.0% 48.3%
Enterprise Center VIII 242,199 242,199 - 100.0% 0.0%
Enterprise Center IX 156,996 156,996 156,996 100.0% 100.0%
Enterprise Center X 172,945 169,832 169,832 98.2% 98.2%
Arlington I-III 304,506 304,506 304,506 100.0% 100.0%
342 Carol 67,935 67,935 67,935 100.0% 100.0%
343 Carol 30,084 30,084 30,084 100.0% 100.0%
370 Carol 60,290 60,290 60,290 100.0% 100.0%
388 Carol 40,920 40,920 40,290 100.0% 98.5%
200 Fullerton 66,254 66,254 66,254 100.0% 100.0%
350 Randy 25,200 18,900 25,200 75.0% 100.0%
550 Kehoe 44,575 44,575 44,575 100.0% 100.0%
4160 Madison 79,532 79,532 79,532 100.0% 100.0%
4211 Madison 90,344 90,344 90,344 100.0% 100.0%
4300 Madison 127,129 115,257 127,129 90.7% 100.0%
1051 Kirk Road 120,004 120,004 120,004 100.0% 100.0%
1401 S. Jefferson 17,265 17,265 17,265 100.0% 100.0%
11039 Gage 21,935 21,935 21,935 100.0% 100.0%
11045 Gage 136,600 136,600 136,600 100.0% 100.0%
--------------------------------------------------------------
Industrial Property Totals 3,392,944 3,206,441 2,742,919 94.5% 80.8%
# of Industrial Properties: 26
33 Monroe 848,638 843,395 834,281 99.4% 98.3%
208 S. LaSalle 867,878 825,754 824,551 95.1% 95.0%
National City Center 766,965 757,510 754,449 98.8% 98.4%
2000 York 199,711 199,711 199,711 100.0% 100.0%
2100 Swift 58,000 58,000 58,000 100.0% 100.0%
4100 Madison 24,655 13,823 10,670 56.1% 43.3%
6400 Shafer 168,248 163,551 164,958 97.2% 98.0%
Atrium 65,273 64,495 65,273 98.8% 100.0%
Citibank 105,602 105,602 105,602 100.0% 100.0%
Commerce Point 236,642 218,073 224,750 92.2% 95.0%
Continental Towers 923,483 904,841 893,502 98.0% 96.8%
Narco River 65,407 59,968 56,666 91.7% 86.6%
Narco Tower 50,400 50,400 50,400 100.0% 100.0%
Olympian 172,625 171,699 144,789 99.5% 83.9%
Salt Creek 100,984 90,534 91,647 89.7% 90.8%
Sun Annex 25,199 24,096 25,199 95.6% 100.0%
Two Century Center 219,370 219,842 156,478 100.2% 71.3%
Wauwatosa 101,189 93,805 94,456 92.7% 93.3%
--------------------------------------------------------------
Office Properties Totals 5,308,240 4,865,099 5,042,277 91.7% 95.0%
# of Office Properties: 18
--------------------------------------------------------------
TOTALS 8,701,184 8,071,540 7,785,196 92.8% 89.5%
==============================================================
</TABLE>
Total # of Properties: 44
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
13 (NYSE: PGE) 3Q 2000
<PAGE>
Development and Recently Completed Development Projects
September 30, 2000
<TABLE>
<CAPTION>
Total Project Net Rentable
Development Projects: Location Cost Square Feet Status
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CBD Office
Dearborn Center Chicago, IL $ 350,000,000 1,500,000 Leased 617,967 SF to Bank One Corporation
Leased 104,049 SF to Holland & Knight
Suburban Office
Pine Meadows Building E Libertyville, IL $ 13,300,000 91,000 Under Construction
950 Technology Way
Single Story Office Building Aurora, IL $ 5,200,000 50,400 In design stage
Industrial
320 Fullerton Avenue Carol Stream, IL $ 12,600,000 263,208 Sold
1455 Sequoia Drive Aurora, IL $ 9,000,000 257,600 62% leased to Amurol Confection Company
(division of Wrigley)
Recently Completed Projects: (last 12 months)
CBD Office
180 North LaSalle Street Chicago, IL $ 21,500,000 770,191 Redeveloped from Class B to Class A
85.03% leased
Suburban Office
Pine Meadows Building Libertyville, IL $ 26,850,000 203,611 96.79% leased
850, 860, 870, 1000
Technology Way
Industrial
2000 USG Drive Libertyville, IL $ 9,000,000 242,200 Sold
</TABLE>
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
14 (NYSE: PGE) 3Q 2000
<PAGE>
Indebtedness Activity
Three months ended September 30, 2000
<TABLE>
<CAPTION>
--------------------------
Indebtedness Retirement:
--------------------------
Loan
Amount Interest Term Loan
Property Retired Classification Type Rate (yrs) Maturity Institution
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
33 North Dearborn Street $ 18,000,000 Term Loan Variable Rate 8.30% 2.0 1/31/01 Lehman Capital
122 South Michigan Street $ 14,000,000 Term Loan Variable Rate 9.63% 5.0 5/21/04 GE Capital Corporation
475 Superior Avenue $ 10,811,500 Credit Facility Variable Rate 8.58% 2.0 9/30/00 LaSalle Bank, N.A.
2000 USG Drive $ 7,190,000 Construction Loan Variable Rate 8.54% 1.5 2/1/01 Corus Bank, N.A.
320 Fullerton Avenue $ 5,800,000 Term Loan Variable Rate 8.54% 1.5 5/1/01 Corus Bank, N.A.
180 North LaSalle Street $ 20,000,000 Term Loan Variable Rate 9.13% 3 7/11/00 Capital Company of America
--------------------
New Indebtedness:
--------------------
Original Interest Loan Loan
Property Amount Classification Type Rate Term (yrs) Maturity Institution
-----------------------------------------------------------------------------------------------------------------------------------
180 North LaSalle Street $ 52,000,000 Bridge Loan Hedged Variable Rate 9.94% 3.5 1/12/04 Greenwich Capital
------------------------------------
Subsequent Indebtedness Activity:
------------------------------------
Loan New
Property Activity Proceeds Lender Status
-------- -------- --------- ------ ------
Dearborn Center Land LaSalle Bank
33 West Monroe Street 5 year variable rate loan $ 67,000,000 DGZ Dekabank Closed
33 West Monroe Street 3 year variable rate loan 12,500,000 Fleet National Bank Closed
180 North LaSalle Street 3.5 year variable rate loan 52,000,000 Greenwich Capital Closed
Jorie Plaza (800 Jorie Blvd) 10 year fixed rate loan 22,700,000 LaSalle Bank Letter of Intent
6700 Touhy Avenue 10 year fixed rate loan 3,450,000 LaSalle Bank Letter of Intent
Pine Meadows Office Bld. 10 year fixed rate loan 11,850,000 LaSalle Bank Letter of Intent
------------
$169,500,000
GE Distribution Center Disposition $ - Sold
33 North Dearborn Street Disposition 18,000,000 Sold
2000 USG Drive Disposition 5,800,000 Sold
320 Fullerton Avenue Disposition 7,200,000 Sold
122 South Michigan Avenue Disposition 14,000,000 Sold
------------
$ 45,000,000
<CAPTION>
Property Comment
-------- -------
<S> <C>
Dearborn Center Land To be replaced with construction loan which matures 10/31/03
33 West Monroe Street Closed on NOV 15 00 on new loan which matures 11/15/03
33 West Monroe Street Closed on NOV 15 00 on new loan which matures 11/15/05
180 North LaSalle Street Replaced with loan which matures 1/12/04
Jorie Plaza (800 Jorie Blvd) Close NOV 15 00 on Fixed Rate Conversion which matures 11/15/10
6700 Touhy Avenue Close DEC 15 00 on Fixed Rate Conversion which matures 12/15/10
Pine Meadows Office Bld. Close DEC 15 00 on Fixed Rate Conversion which matures 12/15/10
GE Distribution Center Sold
33 North Dearborn Street Sold
2000 USG Drive Sold
320 Fullerton Avenue Sold
122 South Michigan Avenue Sold
</TABLE>
Supplemental Financial and Operating Statistics
Prime Group Reality Trust
15 (NYSE: PGE) 3Q 2000
<PAGE>
Capital Events
Third Quarter ending September 30, 2000
<TABLE>
<CAPTION>
Net Acquisition
Rentable Cost / Sales Mortgage Month
Square Price ( In Debt (In Annualized Capitalization Acquired /
Property Location Feet Millions) Millions) NOI Rate Sold
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Acquisitions
Office: - -
Industrial: - -
Dispositions
Office:
122 South Michigan Ave. Chicago, IL 401,494 $ 29,900,000 $ 14,000,000 3,409,000 11.40% August
33 North Dearborn St. Chicago, IL 350,000 35,200,000 18,000,000 3,128,000 8.89% September
Total
Industrial:
475 Superior Avenue Munster, IN 450,000 $ 12,600,000 10,000,000 1,365,000 10.83% September
2000 USG Drive Libertyville, IL 242,200 11,200,000 5,800,000 980,000 8.75% September
320 Fullerton Avenue Carol Stream, IL 263,208 13,000,000 7,100,000 1,137,500 8.75% September
</TABLE>
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
16 (NYSE: PGE) 3Q 2000
<PAGE>
Market Capitalization
September 30, 2000
<TABLE>
<S> <C>
Common Equity
-------------
Common Shares Outstanding 15,575,878
Operating Partnership Units 10,769,879
--------------------------- -----------
Total Shares & Units 26,345,757
X
PGE Share Price (1) $ 15.75
------------------- --------------
Common Equity Market Cap $ 414,945,673
Cumulative
Preferred Stock Coupon
--------------- -------
Series A Convertible Preferred 40,000,000 7.50%
Series B Cumulative Redeemable Preferred 100,000,000 9.00%
--------------
Total Preferred 140,000,000
--------------
Total Equity Market Capitalization $ 554,945,673
==============
Weighted Average Preferred Coupon 8.57%
==============
Weighted
Principal Average
Indebtedness Outstanding Interest Rate
------------ -------------- --------------
Secured Debt 828,601,731
--------------
Total Debt $ 828,601,731 8.22%
==============
Weighted average interest rate includes the effect of the interest
rate swap
Variable /Fixed Rate Breakdown
Fixed Rate Debt $ 358,576,460 43.27%
Variable Rate Debt 470,025,271 56.73%
--------------
$ 828,601,731
==============
</TABLE>
(1) Price as of 9/30/00
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
17 (NYSE: PGE) 3Q 2000
<PAGE>
Indebtedness Schedule
September 30, 2000
<TABLE>
<CAPTION>
Interest Loan Maturity
Lender Portfolio or Property Rate Term (yrs) Date
------ --------------------- ---- ---------- ----
<S> <C> <C> <C> <C>
Fixed Rate Debt:
Deutsche Banc BT Alex. Brown 33 West Monroe Street 15.00% 0.5 9/29/2000
New York Life National City Center (1900 East 9th Street) 8.37% 2.0 4/10/2001
CIGNA Continental Towers (1701 Golf Road) 7.22% 7.0 1/5/2013
Capital Company of America Commerce Point (3800 North Wilke Road) 7.07% 10.0 3/11/2008
CIBC Oppenheimer Nardi Industrial 7.17% 10.0 5/1/2008
Capital Company of America Citibank Building (1699 East Woodfield Road) 7.18% 10.0 5/11/2008
Capital Company of America 2100 Swift Drive 7.19% 10.0 5/11/2008
Capital Company of America 6400 Shafer Court 7.09% 10.0 6/11/2008
Capital Company of America Two Century Center (1700 East Golf Road) 7.37% 10.0 11/11/2008
Capital Company of America Oakbrook Business Center 7.37% 10.0 11/11/2008
(2000 York Road)
CIBC Oppenheimer Narco River Business Center 8.68% 10.0 12/1/2009
(1600 167th Street)
Deutsche Banc BT Alex. Brown IBM Plaza (330 North Wabash Avenue) 11.75% 2.0 2/23/2002
Deutsche Banc Mortgage Capital Brush Hill Office Courte 8.76% 10.0 1/1/2010
(740 Pasquilleni Drive)
Greenwich Capital 7100 South Madison 8.44% 10.0 4/27/2010
Capital Company of America 208 South LaSalle Street 7.79% 15.0 4/11/2013
Total Fixed Rate Debt
Hedged Variable Rate Debt:
Deutsche Banc BT Alex. Brown 33 West Monroe Street 8.78% 3.0 1/31/2002
Westdeutsche ImmobilienBank IBM Plaza (330 North Wabash Avenue) 8.00% 3.0 12/31/2002
Greenwich Capital 180 North LaSalle Street 9.94% 3.5 1/12/2004
Total Hedged Variable Rate Debt
Variable Rate Debt:
LaSalle Bank Credit Facility GE Distribution Center - - -
(475 Superior Avenue)
LaSalle Bank Dearborn Center Land 8.63% 2.0 9/1/2000
(Dearborn, Adams, State)
Corus Bank Monroe/Wacker Land 10.00% 0.8 5/1/2001
Corus Bank Enterprise Office II (2305 Enterprise Drive) 9.38% 1.0 2/1/2001
Lehman Brothers 33 North Dearborn Street - - -
Corus Bank Pine Meadows Single-Story 9.00% 1.5 2/1/2001
Corus Bank 2000 USG Drive - - -
Corus Bank 320 Fullerton Avenue (Kimberly) 9.00% 1.5 5/1/2001
Corus Bank Monroe/Wacker Land 10.00% 2.3 11/1/2001
LaSalle Bank 1455 Sequoia Drive (Amurol) 8.88% 2.0 6/13/2002
Capital Company of America 180 North LaSalle Street - - -
Bank United Jorie Plaza (800 Jorie Boulevard) 8.63% 3.0 8/31/2002
Corus Bank 43-47 Hintz Road 9.00% 3.0 9/30/2002
GE Capital Corporation 122 South Michigan Avenue - - -
LaSalle Bank 6700 Touhy 8.88% 1.0 3/28/2001
LaSalle Bank 555 Kirk Road and 1543 Abbott Drive 8.88% 1.0 4/18/2001
LaSalle Bank Pine Meadows Three Story 8.88% 1.0 4/21/2001
Corus Bank Pine Meadows Three Story- - - -
Construction Loan
LaSalle Bank Enterprise Office I 8.93% 1.0 5/17/2001
LaSalle Bank Salt Creek and Sun Annex 8.95% 1.0 6/30/2001
Fleet National Bank National City Center (1900 East 9th Street) 12.63% 3.0 6/30/2003
TN Industrial Development Tennessee Portfolio 6.25% 17.0 12/1/2014
Revenue Bonds
Chicago Industrial Development Enterprise VII - Enterprise X 5.60% 25.0 6/1/2022
Revenue Bonds
IN Industrial Development Enterprise I - Enterprise VI 5.60% 25.0 6/1/2022
Revenue Bonds
Bank Boston Credit Facility Various - - -
CIBC Oppenheimer National City Center - - -
Total Variable Rate Debt
Total Debt
</TABLE>
<TABLE>
<CAPTION>
Extension
Lender Portfolio or Property 09/30/00 09/30/99 Option
------ --------------------- -------- -------- ------
<S> <C> <C> <C> <C>
Fixed Rate Debt:
Deutsche Banc BT Alex. Brown 33 West Monroe Street $ 12,500,000 -
New York Life National City Center (1900 East 9th Street) 59,489,113 $ 62,005,660
CIGNA Continental Towers (1701 Golf Road) 72,282,270 73,503,098
Capital Company of America Commerce Point (3800 North Wilke Road) 19,356,685 19,620,483 11/11/2008
CIBC Oppenheimer Nardi Industrial 46,008,946 46,454,569
Capital Company of America Citibank Building (1699 East Woodfield Road) 8,518,505 8,633,829
Capital Company of America 2100 Swift Drive 5,050,369 5,117,446
Capital Company of America 6400 Shafer Court 13,931,353 14,125,212
Capital Company of America Two Century Center (1700 East Golf Road) 20,030,594 20,292,285
Capital Company of America Oakbrook Business Center 11,725,226 11,878,410
(2000 York Road)
CIBC Oppenheimer Narco River Business Center 2,779,052 -
(1600 167th Street)
Deutsche Banc BT Alex. Brown IBM Plaza (330 North Wabash Avenue) 30,000,000 - One one-year
Deutsche Banc Mortgage Capital Brush Hill Office Courte 8,169,470 -
(740 Pasquilleni Drive)
Greenwich Capital 7100 South Madison 3,899,785 -
Capital Company of America 208 South LaSalle Street 44,835,093 45,254,902
-----------------------------------
Total Fixed Rate Debt 358,576,460 306,885,894
-----------------------------------
Hedged Variable Rate Debt:
Deutsche Banc BT Alex. Brown 33 West Monroe Street 65,000,000 65,000,000 Two one-year
Westdeutsche ImmobilienBank IBM Plaza (330 North Wabash Avenue) 158,000,000 - Two one-year
Greenwich Capital 180 North LaSalle Street 52,000,000 -
-----------------------------------
Total Hedged Variable Rate Debt 275,000,000 65,000,000
-----------------------------------
Variable Rate Debt:
LaSalle Bank Credit Facility GE Distribution Center - 10,000,000
(475 Superior Avenue)
LaSalle Bank Dearborn Center Land 13,500,000 13,500,000
(Dearborn, Adams, State)
Corus Bank Monroe/Wacker Land 24,000,000 24,000,000 One one-year
Corus Bank Enterprise Office II (2305 Enterprise Drive) 5,450,000 -
Lehman Brothers 33 North Dearborn Street - 18,000,000
Corus Bank Pine Meadows Single-Story 7,951,869 2,898,712
Corus Bank 2000 USG Drive - 4,361,566
Corus Bank 320 Fullerton Avenue (Kimberly) - -
Corus Bank Monroe/Wacker Land 4,000,000 4,000,000
LaSalle Bank 1455 Sequoia Drive (Amurol) 4,898,481 -
Capital Company of America 180 North LaSalle Street - 20,000,000
Bank United Jorie Plaza (800 Jorie Boulevard) 20,690,476 21,000,000 One two-year
Corus Bank 43-47 Hintz Road 5,780,000 6,000,000
GE Capital Corporation 122 South Michigan Avenue - 14,000,000
LaSalle Bank 6700 Touhy 2,918,533 - **
LaSalle Bank 555 Kirk Road and 1543 Abbott Drive 2,318,667 - **
LaSalle Bank Pine Meadows Three Story 11,346,664 - **
Corus Bank Pine Meadows Three Story- - 2,659,559
Construction Loan
LaSalle Bank Enterprise Office I 7,622,951 - **
LaSalle Bank Salt Creek and Sun Annex 7,397,629 - **
Fleet National Bank National City Center (1900 East 9th Street) 20,000,000 -
TN Industrial Development Tennessee Portfolio 9,000,000 26,300,000
Revenue Bonds
Chicago Industrial Development Enterprise VII - Enterprise X 23,250,000 23,250,000
Revenue Bonds
IN Industrial Development Enterprise I - Enterprise VI 24,900,000 24,900,000
Revenue Bonds
Bank Boston Credit Facility Various - 5,636,768
CIBC Oppenheimer National City Center - 10,000,000
-----------------------------------
Total Variable Rate Debt 195,025,271 230,506,605
-----------------------------------
Total Debt $828,601,731 $602,392,409*
===================================
</TABLE>
*Excludes capital lease of $1.2 million which was included in mortgage payables
as of 9/30/99 and was subsequently reclassed to other liabilities.
** Converts to a fixed rate ten-year maturity
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
18 (NYSE: PGE) 3Q 2000
<PAGE>
Indebtedness Allocation as of September 30, 2000
Non-Hedged Variable
Rate
Low Floater IDRBs 16.6% Fixed Rate
6.9% 43.3%
Hedged Variable Rate 33.2%
Fixed Rate Hedged Variable Low Floater Non-Hedged
Rate IDRBs Variable Rate
$358,576,460 $275,000,000 $57,150,000 $137,875,271
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
19 (NYSE: PGE) 3Q 2000
<PAGE>
Interest Rate Hedge Agreements
September 30, 2000
<TABLE>
<CAPTION>
Type of Notional Floating Financial Trade Effective
Counterparty Hedge Strike Amount Index Institution Date Date
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
33 West Monroe LLC Collar 7.5%-3.73% $ 65,000,000 1 Mo. LIBOR CIBC 01/28/99 01/31/99
330 North Wabash Swap 6.300% $160,000,000 1 Mo. LIBOR Morgan 12/09/99 12/10/99
Avenue
Prime Group Realty LP Cap 8.000% $ 70,000,000 1 Mo. LIBOR SBCM 03/20/00 03/20/00
Prime Group Realty LP Cap 7.25% $ 52,000,000 1 Mo. LIBOR SBCM 07/10/00 07/11/00
(180 North LaSalle)
</TABLE>
<TABLE>
<CAPTION>
Value Maturity Total Years Years Intrinsic Time Value
Counterparty Date Date Years Elapsed Remain Value Value 9/29/2000
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
33 West Monroe LLC 09/29/00 01/31/02 3.0 1.7 1.3 $ - $ 22,000 $ 22,000
330 North Wabash 09/29/00 12/10/02 3.0 0.8 2.2 $ 584,000 $ - $ 584,000
Avenue
Prime Group Realty LP 09/29/00 11/17/00 0.7 0.5 0.1 $ - $ - $ -
Prime Group Realty LP 09/29/00 08/01/01 1.1 0.2 0.8 $ - $ 6,000 $ 6,000
(180 North LaSalle)
</TABLE>
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
20 (NYSE: PGE) 3Q 2000
<PAGE>
Indebtedness Maturities Split between Scheduled Amortization and
Scheduled Maturities
September 30, 2000
<TABLE>
<CAPTION>
Cumulative
Scheduled Total Percentage Percentage
Amortization Scheduled Scheduled of Debt of Debt
Year Payments Maturities Maturities Maturing Maturing
----------- ---------------- ------------------- ------------------- -------------- --------------
<S> <C> <C> <C> <C> <C>
9/1/00-12/31/00 $ 3,487,659 $ 26,000,000 $ 29,487,659 3.6% 3.6%
2001 8,479,644 179,256,951 187,736,595 22.7% 26.2%
2002 4,363,589 277,801,572 282,165,161 34.1% 60.3%
2003 4,180,209 20,000,000 24,180,209 2.9% 63.2%
2004 4,462,418 52,000,000 56,462,418 6.8% 70.0%
2005+ 26,706,236 221,863,453 248,569,689 30.0% 100.0%
TOTAL $ 51,679,755 $ 776,921,976 $ 828,601,731 100.0% 100.0%
</TABLE>
Percentage of Debt Maturing
<TABLE>
<S> <C> <C> <C> <C> <C>
9/1/00-12/31/00 2001 2002 2003 2004 2005+
3.6% 22.7 34.1 2.9 6.8 30.0
Cumulative Percentage of Debt Maturing
9/1/00-12/31/00 2001 2002 2003 2004 2005
3.6% 26.2 60.3 63.2 70.0 100.0%
</TABLE>
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
21 (NYSE: PGE) 3Q 2000
<PAGE>
Total Office and Industrial Properties and Square Feet Owned and Under Contract
September 30, 2000
--------------------------
TOTAL PROPERTIES OWNED:
--------------------------
Office Properties Amount
Owned 27
-------------
Total Office Owned 27 *
-------------
Industrial Properties
Owned 30
Under Construction
1455 Sequoia, Aurora, IL (Amurol) 1
-------------
Total Industrial Owned 31
-------------
Total Office and Industrial Owned 58
--------------
--------------------------------
TOTAL SQUARE FEET OWNED:
--------------------------------
Office Square Feet
Total CBD Office Owned 5,544,000 *
Total Suburban Office Owned 3,400,000
-------------
Total Office Owned 8,944,000
------------
Industrial
Total Warehouse/Distribution Industrial Owned 2,000,000
Under Construction:
1455 Sequoia, Aurora, IL (Amurol) 161,000
-------------
Total Warehouse/Distribution Industrial Owned 2,000,000
Total Crane Industrial Owned 2,200,000
-------------
Total Industrial Owned 4,200,000
-------------
Total Office and Industrial Owned 13,144,000 *
=============
*Includes a 50% Joint Venture interest in 77 West Wacker Drive
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
22 (NYSE: PGE) 3Q 2000
<PAGE>
Property Summary
September 30, 2000
<TABLE>
<CAPTION>
Gross Leasable Area Annualized Base Rent
-------------------------- --------------------------
Square Annual Base
Rentable Year Built/ Footage % Leased as Annualized Rent per
City Square Feet Renovated Leased of 9/30/00 Base Rent Square Foot
---- ----------- -------- ------ ---------- --------- -----------
CBD Office Properties
---------------------
<S> <C> <C> <C> <C> <C> <C> <C>
180 North LaSalle Street Chicago, IL 769,384 1999 662,967 86.2% $ 8,140,312.68 $12.28
208 South LaSalle Street Chicago, IL 835,229 1914/1956/ 825,754 98.9% $12,278,453.52 $14.87
1982/1991
33 West Monroe Street Chicago, IL 846,759 1980 843,395 99.6% $13,630,924.20 $16.16
77 West Wacker Drive Chicago, IL 944,556 1992 942,434 99.8% $24,651,750.36 $26.16
IBM Plaza Chicago, IL 1,350,660 1971 1,297,359 96.1% $17,238,529.92 $13.29
National City Center Cleveland, OH 766,965 1980 757,510 98.8% $10,801,819.68 $14.26
Suburban Office Properties
--------------------------
2000 York Road Oak Brook, IL 200,045 1960/1986 199,711 99.8% $ 2,138,384.28 $10.71
2100 Swift Oak Brook, IL 58,000 1985/1991 58,000 100.0% $ 832,299.96 $14.35
4100 Madison Hillside, IL 24,551 1978 13,823 56.3% $ 91,303.44 $ 6.61
6400 Shafer Court Rosemont, IL 164,958 1980/1990 163,551 99.1% $ 2,174,400.24 $13.29
7100 Madison Avenue Willowbrook, IL 50,157 50,157 100.0% $ 514,848.00 $10.26
Atrium Building Naperville, IL 65,273 1979 64,495 98.8% $ 1,048,269.96 $16.25
Brush Hill Office Court Westmont, IL 109,865 1986 108,700 98.9% $ 1,226,474.26 $11.28
Centre Square I Knoxville, TN 93,711 1988 78,970 84.3% $ 1,273,712.88 $16.13
Citibank Building Schaumburg, IL 105,602 1979 105,602 100.0% $ 1,998,179.40 $18.92
Commerce Point Combined Arlington Hts, IL 236,642 1987/1989 218,073 92.2% $ 3,220,963.08 $14.77
Continental Towers Rolling Meadows, I 928,766 1977/1979/1981 904,841 97.4% $10,439,806.68 $11.54
Enterprise Center Westchester, IL 129,574 1987 129,574 100.0% $ 1,555,291.92 $12.00
Enterprise Center II Westchester, IL 62,580 62,580 100.0% $ 841,474.56 $13.45
Jorie Plaza Oak Brook, IL 190,829 1961/1992 170,025 89.1% $ 2,828,692.80 $16.64
Narco River Business Center Calumet City, IL 65,394 1981 59,968 91.7% $ 785,318.64 $13.10
Narco Tower Road Schaumburg, IL 50,400 1992 50,400 100.0% $ 563,100.00 $11.17
Olympian Office Center Lisle, IL 167,756 1989 171,699 102.4% $ 2,539,379.28 $14.79
Pine Meadows Corporate Center Libertyville, IL 203,611 1999 197,076 97.0% $ 2,663,948.64 $13.52
Salt Creek/Sun Annex Schaumburg, IL 125,398 1979/1986 114,630 91.4% $ 1,216,750.20 $10.61
Two Century Centre Schaumburg, IL 217,960 1989 219,842 100.9% $ 2,310,941.16 $10.51
Wauwatosa Wauwatosa, WI 104,031 1979 93,805 90.2% $ 1,326,250.32 $14.14
---------- ------------------------
Total Office Owned: 8,868,656 8,564,941 96.6%
---------- ------------------------
</TABLE>
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
23 (NYSE: PGE) 3Q 2000
<PAGE>
Property Summary (Continued)
September 30, 2000
<TABLE>
<CAPTION>
Gross Leasable Area Annualized Base Rent
---------------------- ------------------------
Square Annual Base
Rentable Year Built/ Footage % Leased as Annualized Rent per
City Square Feet Renovated Leased of 9/30/00 Base Rent Square Foot
---- ----------- ----------- ------- ----------- ---------- -----------
Warehouse/Distribution Prop.
----------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1401 South Jefferson Street Chicago, IL 17,265 1965/1985 17,265 100.0% $96,917.04 $ 5.61
1543 Abbott Drive Wheeling, IL 43,930 43,930 100.0% $953,562.24 $21.71
350 Randy Road Carol Stream, IL 25,200 1974 18,900 75.0% $104,552.28 $ 5.53
43-47 Hintz Road Wheeling, IL 310,156 1961/1990 310,156 100.0% $976,991.40 $ 3.15
550 Kehoe Boulevard Carol Stream, IL 44,575 1997 44,575 100.0% $312,649.44 $ 7.01
555 Kirk Road St. Charles, IL 62,400 62,400 100.0% $331,193.04 $ 5.31
6700 Touhy Avenue Niles, IL 120,000 120,000 100.0% $506,371.92 $ 4.22
Arlington Heights Combined Arlington Hts, IL 304,506 1978 304,506 100.0% $1,015,306.32 $ 3.33
Madison Group Batavia, IL 120,004 1990 120,004 100.0% $0.00 $ 0.00
Madison Group 200 Carol Stream, IL 66,254 1968/1995 66,254 100.0% $289,590.12 $ 4.37
Madison Group 90 Hillside, IL 90,344 1977/1992 90,344 100.0% $358,788.96 $ 3.97
Narco 4300 Associates Hillside, IL 127,129 1980 115,257 90.7% $593,452.80 $ 5.15
Narco Elmhurst - 343 Carol Lane Elmhurst, IL 30,084 1989 30,084 100.0% $197,351.04 $ 6.56
Narco Elmhurst - 370 Carol Lane Elmhurst, IL 60,290 1977/1994 60,290 100.0% $271,673.16 $ 4.51
Narco Elmhurst - 388 Carol Lane Elmhurst, IL 40,920 1979 40,920 100.0% $216,227.40 $ 5.28
Narco Elmhurst-342-46 Carol Lane Elmhurst, IL 67,935 1989 67,935 100.0% $334,530.00 $ 4.92
Narco Hillside-4160-70 Madison Hillside, IL 79,532 1974/1994 79,532 100.0% $414,643.20 $ 5.21
Tri-State Industrial-11039 Gage Franklin Park, IL 21,935 1965/1993 21,935 100.0% $109,680.00 $ 5.00
Tri-State Industrial-11045 Gage Franklin Park, IL 136,600 1970/1992 136,600 100.0% $571,349.88 $ 4.18
Crane Properties
----------------
Enterprise Center VII- A,P Chicago, IL 459,684 1916/1991-96 462,131 100.5% $878,597.28 $ 1.90
Enterprise Center VIII Chicago, IL 242,199 1916/1991-96 242,199 100.0% $287,164.68 $ 1.19
Enterprise Center X-T,C Chicago, IL 172,945 1916/1991-96 169,829 98.2% $391,691.52 $ 2.31
Enterprise Center IX- Q,R,S Chicago, IL 156,996 1916/1991-96 156,996 100.0% $516,088.20 $ 3.29
Enterprise Center II East Chicago, IN 169,435 1917/1991-97 28,978 17.1% $254,934.00 $ 8.80
Enterprise Center III East Chicago, IN 291,550 1917/1991-97 291,550 100.0% $1,347,876.60 $ 4.62
Enterprise Center IV East Chicago, IN 87,843 1917/1991-97 85,799 97.7% $0.00 $ 0.00
East Chicago Enterprise Center East Chicago, IN 54,070 1917/1991-97 40,000 74.0% $259,999.92 $ 6.50
Enterprise Center V Hammond, IN 196,475 1920-1952 196,475 100.0% $478,589.28 $ 2.44
Enterprise Center VI Hammond, IN 250,266 1920-1952 248,255 99.2% $729,412.56 $ 2.94
Hammond Enterprise Center Hammond IN 76,821 1920-1952 69,825 90.9% $235,504.32 $ 3.37
---------- ---------------------
Total Industrial Owned 3,927,343 3,742,924 95.2%
---------- ---------------------
Total RSF 12,798,446 12,307,865 96.2%
========== =====================
</TABLE>
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
24 (NYSE: PGE) 3Q2000
<PAGE>
Largest Office Tenants-Annualized Base Rent
September 30, 2000
<TABLE>
<CAPTION>
2000
Total Square % of Total Annualized
Tenant Building Footage Occupied Portfolio Base Rent*
------ -------- ---------------- ---------- ----------
<S> <C> <C> <C> <C>
Arthur Andersen, LLP 33 W. Monroe St./IBM 837,539 8.37% $12,295,568
R.R. Donnelley & Sons Co. 77 W. Wacker Dr. 241,569 5.36% 7,872,734
National City Bank National City Center 520,425 4.93% 7,247,362
First Union Securities, Inc. 77 W. Wacker Dr. 241,225 4.39% 6,452,769
Jenner & Block IBM Plaza 338,032 4.02% 5,900,502
Motorola, Inc. Continental Towers/Pine 314,243 3.20% 4,706,375
Meadows / Two Century
Jones Day Reavis & Pogue 77 W. Wacker Dr. 118,112 2.73% 4,016,957
IBM Corporation IBM/Continental Towers 362,307 2.46% 3,610,592
Ernst & Young, LLP National City Center / 184,156 2.22% 3,267,049
IBM Plaza
ABN AMRO Capital Markets 208 S. LaSalle St. 254,948 1.70% 2,499,744
----------- -------- -------------
3,412,556 39.38% $57,869,652
=========== ======== =============
</TABLE>
* Rent amounts as of October 1, 2000
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
25 (NYSE: PGE) 3Q2000
<PAGE>
Largest Office Tenants-by Square Footage**
September 30, 2000
<TABLE>
<CAPTION>
2000
Total Square % of Total Annualized Annualized
Tenant Building Footage Occupied Portfolio Base Rent* Base Rent PSF
------ -------- ---------------- --------- ---------- -------------
<S> <C> <C> <C> <C> <C>
Arthur Andersen, LLP 33 West Monroe St. 837,539 16.10% $12,295,568 $14.68
National City Bank National City Center 520,425 10.00% 7,247,362 $13.93
IBM Corporation IBM/Continental Towers 362,307 6.96% 3,610,592 $ 9.97
Jenner & Block IBM Plaza 338,032 6.50% 5,900,502 $17.46
Motorola, Inc. Continental Towers/Pine 314,243 6.04% 4,706,375 $14.98
Meadows/Two Century
ABN AMRO Capital Markets 208 South LaSalle St. 254,948 4.90% 2,499,744 $ 9.80
R.R. Donnelley & Sons Co. 77 West Wacker Dr. 241,569 4.64% 7,872,734 $32.59
First Union Securities, Inc. 77 West Wacker Dr. 241,225 4.64% 6,452,769 $26.75
Ernst & Young, LLP National City Center / 184,156 3.54% 3,267,049 $17.74
IBM Plaza
Baker & Hostetler National City Center 145,705 2.80% 2,138,949 $14.68
------------------------------------------------------------------
3,440,149 66.13% $55,991,643 $16.28
==================================================================
</TABLE>
* Rent amounts are as of October 1, 2000
**Tenants who occupy the largest percentage of square footage in the portfolio
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
26 (NYSE: PGE) 3Q 2000
<PAGE>
Largest Industrial Tenants-Annualized Base Rent
September 30, 2000
<TABLE>
<CAPTION>
2000
Total Square % of Total Annualized
Tenant Building Footage Occupied Portfolio Base Rent*
------ -------- --------------- --------- ----------
<S> <C> <C> <C> <C>
Tenneco Packaging 43-47 Hintz Road 310,156 0.66% $ 976,991
Great Lakes, LLC Enterprise Center III 160,914 0.54% 798,777
Dynamic Manufacturing 4160-4190 Madison 184,191 0.49% 726,024
Company 4300 Madison
4211 Madison
A.M. Castle & Co. Enterprise Center V 252,595 0.42% 617,304
Echlin, Inc. 11045 Gage 135,600 0.39% 571,350
AG Industries, Inc. Enterprise Center III 137,275 0.37% 549,100
Amurol Confections Company 1455 Sequoia Drive 161,000 0.36% 523,251
Semblex Corporation 370 Carol Lane 108,151 0.36% 522,712
342-346 Carol Lane
Co-Steel Lasco, Inc. Chicago Enterprise Center 201,605 0.32% 473,772
Marketing Out-of-the-Box, Inc. 6700 Touhy Avenue 98,120 0.27% 399,256
------------------------------------------------
1,749,607 4.19% 6,158,537
================================================
</TABLE>
* Rent amounts as of October 1, 2000
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
27 (NYSE: PGE) 3Q 2000
<PAGE>
Top Ten Industrial Tenants-by Square Footage**
September 30, 2000
<TABLE>
<CAPTION>
Total Square % of 2000
Footage Total Annualized Annualized
Tenant Building Occupied Portfolio Base Rent* Base Rent PSF
------ -------- -------- --------- ---------- -------------
<S> <C> <C> <C> <C> <C>
Tenneco Packaging 43-47 Hintz Road 310,156 5.96% $ 976,991 $ 3.15
A.M. Castle & Co. Enterprise Center V 252,595 4.86% 617,304 $ 2.44
Co-Steel Lasco, Inc. Chicago Enterprise Center 201,605 3.88% 473,772 $ 2.35
Dynamic Manufacturing 4160-4190 Madison 184,191 3.54% 726,024 $ 3.94
Company 4300 Madison
4211 Madison
Amurol Confections Company 1455 Sequoia Drive 161,000 3.09% 523,251 $ 3.25
Great Lakes, LLC Hammond Enterprise Center 160,914 3.09% 798,777 $ 4.96
Strand Tek, Inc. Enterprise Center V 145,512 2.80% 394,203 $ 2.71
Enterprise Center VIII
AG Industries, Inc. Enterprise Center III 137,275 2.64% 549,100 $ 4.00
Echlin, Inc. 11045 Gage 135,600 2.61% 571,350 $ 4.21
Semblex Corporation 370 Carol Lane 108,151 2.08% 522,712 $ 4.83
342-346 Carol Lane
----------------------------------------------------
1,796,999 34.54% $6,153,484 $ 3.42
====================================================
</TABLE>
* Rent amounts are as of October 1, 2000
** Tenants who occupy the largest percentage of square footage in the portfolio
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
28 (NYSE: PGE) 3Q 2000
<PAGE>
PGE Stock Performance Year-to-Date
[GRAPH]
PGE Stock info
1/3/00 14.125
1/10/00 14
1/17/00 13.75
1/24/00 14
1/31/00 13.625
2/7/00 12.5625
2/14/00 3.375
2/21/00 13.75
2/28/00 13.6875
3/6/00 13.8125
3/13/00 14.25
3/20/00 14.375
3/27/00 14.3125
4/3/00 14.4375
4/10/00 14.625
4/17/00 14.4375
4/24/00 14.8125
5/1/00 15.3125
5/8/00 15.5625
5/15/00 14.9375
5/22/00 15.0625
5/29/00 15.4375
6/5/00 15.0625
6/12/00 15.1875
6/19/00 15.3125
6/26/00 15.2031
7/3/00 15.375
7/10/00 15.25
7/17/00 15.5625
7/24/00 15.4375
7/31/00 14.875
8/7/00 15.8125
8/14/00 16.375
8/21/00 15.625
8/28/00 15.3125
9/4/00 15.8125
9/11/00 15.75
9/18/00 15.875
9/25/00 15.75
Supplemental Financial and Operating Statistics
Prime Group Realty Trust
29 (NYSE: PGE) 3Q 2000
<PAGE>
INVESTOR INFORMATION
Inquiries
Prime Group Realty Trust ( NYSE: PGE ) welcomes any questions or comments from
shareholders, analysts, investment managers, media or prospective investors.
Please address all inquiries to our Investor Relations Department:
------------------------------------------------------------------
Melissa J. Williams
Investor Relations Representative
Prime Group Realty Trust
77 West Wacker Drive
Suite 3900
Chicago, Illinois 60601
Phone: 312.917.1300
Facsimile: 312.917.1310
E-mail: [email protected]
Website: www.pgrt.com
Friedman, Billings, Ramsey & Co. Merrill Ross 703.469.1271
Legg Mason Wood Walker, Inc. Glenn D. Muller 410.454.5149
Sidoti & Company, LLC Barbara R. Huber 212.453.7020
Our Supplemental Financial Package is available via e-mail. If you would like to
receive this document electronically, please send your e-mail address to:
[email protected]
Supplemental Financial and Operating Statistics
Prime Group Really Trust
(NYSE: PGE)
