8-K 1 a2082048z8-k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT ---------------------- Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 28, 2002 TRINET CORPORATE REALTY TRUST, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) MARYLAND (STATE OF INCORPORATION) 1-11918 94-3175659 (COMMISSION FILE NUMBER) (IRS EMPLOYER ID NUMBER) 1114 AVENUE OF THE AMERICAS, 27TH FLOOR NEW YORK, NY 10036 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) (212) 930-9400 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) Item 2. Acquisition or Disposition of Assets On May 28, 2002, the Registrant transferred corporate tenant lease assets with an aggregate net book value of approximately $211.86 million to subsidiaries of the Registrant's parent company. Item 7. Financial Statements and Exhibits (a) Not applicable. (b) PRO FORMA financial information.

TRINET CORPORATE REALTY TRUST, INC. (A wholly-owned subsidiary of iStar Financial Inc.) Pro Forma Consolidated Balance Sheet As of March 31, 2002 (In thousands, except per share and share data) (unaudited)

The accompanying notes are an integral part of this statement. TRINET CORPORATE REALTY TRUST, INC. (A wholly-owned subsidiary of iStar Financial Inc.) Pro Forma Consolidated Statement of Operations For the Three Months Ended March 31, 2002 (In thousands) (unaudited)

The accompanying notes are an integral part of this statement. TRINET CORPORATE REALTY TRUST, INC. (A wholly-owned subsidiary of iStar Financial Inc.) Pro Forma Consolidated Statement of Operations For the Year Ended December 31, 2001 (In thousands) (unaudited)

The accompanying notes are an integral part of this statement. TRINET CORPORATE REALTY TRUST, INC. NOTES TO PRO FORMA CONSOLIDATED FINANCIAL STATEMENTS 1. BASIS OF PRESENTATION The accompanying unaudited Pro Forma Consolidated Balance Sheet as of March 31, 2002 and Pro Forma Consolidated Income Statements for the three-month period ended March 31, 2002 and the year ended December 31, 2001 have been prepared to reflect the disposition of corporate tenant lease assets. The Pro Forma Consolidated Balance Sheet was prepared as if the transaction described above occurred as of March 31, 2002. The Pro Forma Consolidated Income Statements for the three months ended March 31, 2002 and for the year ended December 31, 2001 were prepared as if the transaction described above had occurred on January 1, 2001. The pro forma information contained herein is unaudited and not necessarily indicative of the consolidated operating results which would have occurred if the above transaction had occurred on January 1, 2001, nor does it purport to represent the future financial position or results of operations for future periods. This information should be read in conjunction with the unaudited consolidated financial statements contained in TriNet Corporate Realty Trust, Inc.'s (the "Company's") Report on Form 10-Q for the three months ended March 31, 2002 and the audited consolidated financial statements and other financial information contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2001, including the notes thereto. The accompanying historical Consolidated Balance Sheet and Consolidated Income Statements of the Company include the accounts of the Company, its wholly-owned subsidiary corporations and partnerships, and its majority-owned and controlled partnership. 2. PRO FORMA ADJUSTMENTS -- BALANCE SHEET (A) These adjustments reflect the elimination of the respective carrying amounts of assets and liabilities relating to the 13 corporate tenant lease properties disposed of on May 28, 2002. 3. PRO FORMA ADJUSTMENTS -- INCOME STATEMENT (a) These adjustments reflect the elimination of the respective revenues and expenses attributable to the 13 corporate tenant lease properties disposed of on May 28, 2002. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. TRINET CORPORATE REALTY TRUST, INC. REGISTRANT Date: June 12, 2002 /s/ SPENCER B. HABER ------------------------------------------------- Spencer B. Haber President and Chief Financial Officer (Authorized Officer of the Registrant and Principal Financial Officer)

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