CROWN AMERICAN REALTY TRUST - CWN- Profile

Crown American Realty Trust. The principal activity of the Group is that of a Real Estate Investment Trust. The Group owns, operates, leases, acquires, manages, develops, redevelops, expands, renovates and finances enclosed shopping malls. The Group has elected to be taxed as a Real Estate Investment Trust, as defined under the Internal Revenue Code of 1986, as amended. As on 31-Dec-2002, the Group owns 27 wholly-owned enclosed shopping malls and a 50% partnership interest in Palmer Park Mall. The Group solely operates in the United States of America. Owns, operates, manages, develops, finances, leases, acquires and renovates enclosed shopping malls