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
|
Three Months Ended
|
||||||||
September 30, 2009
|
September 30, 2008
|
|||||||
Rentals,
royalties and other income
|
$ | 3,370,119 | $ | 5,849,778 | ||||
Land
sales
|
-- | 184,400 | ||||||
Total
income
|
$ | 3,370,119 | $ | 6,034,178 | ||||
Provision
for income tax
|
$ | 852,704 | $ | 1,566,556 | ||||
Net
income
|
$ | 1,953,700 | $ | 3,593,514 | ||||
Net
income per sub-share
|
$ | .19 | $ | .35 | ||||
Average
sub-shares outstanding during period
|
10,019,767 | 10,367,017 | ||||||
Nine Months Ended
|
||||||||
September 30, 2009
|
September 30, 2008
|
|||||||
Rentals,
royalties and other income
|
$ | 8,973,073 | $ | 15,681,963 | ||||
Land
sales
|
523,010 | $ | 823,440 | |||||
Total
income
|
$ | 9,496,083 | $ | 16,505,403 | ||||
Provision
for income tax
|
$ | 2,383,984 | $ | 4,345,657 | ||||
Net
income
|
$ | 5,144,701 | $ | 9,741,893 | ||||
Net
income per sub-share
|
$ | .51 | $ | .94 | ||||
Average
sub-shares outstanding during period
|
10,070,246 | 10,406,889 |