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TRUSTEES: |
ROY THOMAS | |
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MAURICE MEYER III |
Telephone (214) 969-5530 |
General Agent |
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JOHN R. NORRIS III |
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JAMES K. NORWOOD |
DAVID M. PETERSON | |
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Assistant General Agent |
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Three Months Ended |
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June 30, 2009 |
June 30, 2008 |
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Rentals, royalties and other income |
$ | 3,736,877 | $ | 5,243,698 | ||||
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Land sales |
523,010 | 192,000 | ||||||
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Total income |
$ | 4,259,887 | $ | 5,435,698 | ||||
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Provision for income tax |
$ | 1,079,902 | $ | 1,530,888 | ||||
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Net income |
$ | 2,428,849 | $ | 3,217,622 | ||||
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Net income per sub-share |
$ | .24 | $ | .31 | ||||
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Average sub-shares outstanding during period |
10,092,773 | 10,432,250 | ||||||
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Six Months Ended |
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June 30, 2009 |
June 30, 2008 |
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Rentals, royalties and other income |
$ | 5,602,954 | $ | 9,832,185 | ||||
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Land sales |
523,010 | 639,040 | ||||||
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Total income |
$ | 6,125,964 | $ | 10,471,225 | ||||
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Provision for income tax |
$ | 1,531,280 | $ | 2,779,091 | ||||
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Net income |
$ | 3,191,001 | $ | 6,148,379 | ||||
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Net income per sub-share |
$ | .32 | $ | .59 | ||||
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Average sub-shares outstanding during period |
10,120,410 | 10,447,546 | ||||||