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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
AMENDMENT NO. 1
[X] ANNUAL REPORT PURSUANT TO THE SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 2000 OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM _________TO __________
COMMISSION FILE NUMBER: 000-23733
CAPITAL AUTOMOTIVE REIT
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS DECLARATION OF TRUST)
MARYLAND 54-1870224
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(STATE OF INCORPORATION) (IRS EMPLOYER IDENTIFICATION NO.)
1420 SPRING HILL ROAD, SUITE 525 MCLEAN,
VIRGINIA 22102
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(703) 288-3075
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Title of Each Class Name Of Each Exchange On Which Registered
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Common Shares of Beneficial Interest, $.01 par
value per share Nasdaq National Market
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes [X] No [ ]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]
The number of Registrant's common shares of beneficial interest outstanding on
February 28, 2001 was 21,493,042.
The aggregate market value of voting stock held by non-affiliates of the
Registrant, based upon the closing sales price of the Registrant's common shares
of beneficial interest on February 28, 2001 was $292,793,328.
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PART IV
The Annual Report on Form 10-K of Capital Automotive REIT (the "Company") for
the year ended December 31, 2000 is being amended to include, in Item 14(d),
summarized financial information of Sonic Automotive, Inc. and its affiliates
("Sonic"). Sonic is a tenant of the Company and leases properties with carrying
values that represent more than 20 percent of the Company's total assets for the
year ended December 31, 2000. This summarized financial information was not
available to the Company at the time the Company filed its Annual Report on Form
10-K for the year ended December 31, 2000.
(d) Other Financial Information
The following summarized information is filed as part of this report as a
result of Sonic leasing properties with carrying values that represent more
than 20 percent of the Company's total assets for the year ended December
31, 2000. The summarized financial information presented for Sonic as of
December 31, 2000 and 1999, and for each of the years ended December 31,
2000, 1999 and 1998, was obtained from the Annual Report on Form 10-K filed
by Sonic with the Securities and Exchange Commission for the year ended
December 31, 2000.
SONIC AUTOMOTIVE, INC. AND ITS AFFILIATES
SELECTED FINANCIAL DATA
(IN THOUSANDS, EXCEPT PER SHARE DATA)
Consolidated Balance Sheet Data:
December 31,
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2000 1999
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Current Assets $ 1,037,403 $ 835,567
Noncurrent Assets 751,845 665,535
Current Liabilities 818,321 657,910
Noncurrent Liabilities 520,005 440,619
Stockholders' Equity 450,922 402,573
Consolidated Statements of Income Data:
Years Ended December 31,
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2000 1999 1998
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Total Revenues $ 6,052,476 $ 3,350,823 $ 1,603,701
Gross Profit 865,187 454,423 207,442
Operating Income 209,117 115,810 52,705
Net Income 74,172 44,649 18,557
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized this 3rd day of April, 2001.
Capital Automotive REIT
By: /s/ THOMAS D. ECKERT
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THOMAS D. ECKERT
PRESIDENT AND CHIEF
EXECUTIVE OFFICER
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