|
TRUSTEES:
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ROY
THOMAS
|
|||
|
Maurice
Meyer III
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Telephone
(214) 969-5530
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General
Agent
|
||
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John
R. Norris III
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||||
|
James
K. Norwood
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DAVID
M. PETERSON
|
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Assistant
General Agent
|
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Three Months Ended
|
||||||||
|
December 31, 2008
|
December 31, 2007
|
|||||||
|
Rentals,
royalties and other income
|
$ | 3,019,609 | $ | 4,129,382 | ||||
|
Land
sales
|
-- | 75,000 | ||||||
|
Total
income
|
$ | 3,019,609 | $ | 4,204,382 | ||||
|
Provision
for income tax
|
$ | 474,804 | $ | 1,016,949 | ||||
|
Net
income
|
$ | 1,197,880 | $ | 2,170,989 | ||||
|
Net
income per sub-share
|
$.12 | $.21 | ||||||
|
Average
sub-shares outstanding during period
|
10,272,592 | 10,502,208 | ||||||
|
|
Year Ended
|
|||||||
|
December 31, 2008
|
December 31, 2007
|
|||||||
|
Rentals,
royalties and other income
|
$ | 18,701,572 | $ | 13,902,447 | ||||
|
Land
sales
|
823,440 | 1,932,664 | ||||||
|
Total
income
|
$ | 19,525,012 | $ | 15,835,111 | ||||
|
Provision
for income tax
|
$ | 4,597,891 | $ | 3,628,026 | ||||
|
Net
income
|
$ | 10,939,773 | $ | 8,249,688 | ||||
|
Net
income per sub-share
|
$1.06 | $.78 | ||||||
|
Average
sub-shares outstanding during period
|
10,354,408 | 10,536,367 | ||||||