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TRUSTEES:
|
ROY THOMAS | |||
|
MAURICE MEYER III
|
Telephone (214) 969-5530 | General Agent | ||
| JOHN R. NORRIS III | ||||
|
JAMES K. NORWOOD
|
DAVID M. PETERSON | |||
| Assistant General Agent |
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Three Months Ended
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June 30, 2012
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June 30, 2011
|
|||||||
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Rentals, royalties and other income
|
$ | 6,463,991 | $ | 5,118,487 | ||||
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Land sales
|
2,242,747 | 3,680,500 | ||||||
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Total income
|
$ | 8,706,738 | $ | 8,798,987 | ||||
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Provision for income tax
|
$ | 2,671,435 | $ | 2,596,622 | ||||
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Net income
|
$ | 5,284,674 | $ | 5,415,929 | ||||
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Net income per sub-share
|
$ | .59 | $ | .58 | ||||
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Average sub-shares outstanding during period
|
9,025,506 | 9,432,205 | ||||||
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Six Months Ended
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June 30, 2012
|
June 30, 2011
|
|||||||
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Rentals, royalties and other income
|
$ | 12,477,070 | $ | 10,327,095 | ||||
|
Land sales
|
5,809,747 | 4,192,000 | ||||||
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Total income
|
$ | 18,286,817 | $ | 14,519,095 | ||||
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Provision for income tax
|
$ | 5,511,466 | $ | 4,122,546 | ||||
|
Net income
|
$ | 11,222,929 | $ | 8,775,498 | ||||
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Net income per sub-share
|
$ | 1.24 | $ | .93 | ||||
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Average sub-shares outstanding during period
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9,057,829 | 9,460,805 | ||||||