TRUSTEES:
MAURICE MEYER III
JOHN R. NORRIS III
JAMES K. NORWOOD
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Telephone (214) 969-5530
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ROY THOMAS
General Agent
DAVID M. PETERSON
Assistant General Agent
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Three Months Ended
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June 30, 2010
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June 30, 2009
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Rentals, royalties and other income
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$ | 4,912,841 | $ | 3,736,877 | ||||
Land sales
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1,567,750 | 523,010 | ||||||
Total income
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$ | 6,480,591 | $ | 4,259,887 | ||||
Provision for income tax
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$ | 1,788,493 | $ | 1,079,902 | ||||
Net income
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$ | 3,805,534 | $ | 2,428,849 | ||||
Net income per sub-share
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$ | .39 | $ | .24 | ||||
Average sub-shares outstanding during period
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9,767,077 | 10,092,773 | ||||||
Six Months Ended
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June 30, 2010
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June 30, 2009
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Rentals, royalties and other income
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$ | 8,796,919 | $ | 5,602,954 | ||||
Land sales
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1,935,070 | 523,010 | ||||||
Total income
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$ | 10,731,989 | $ | 6,125,964 | ||||
Provision for income tax
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$ | 2,839,187 | $ | 1,531,280 | ||||
Net income
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$ | 6,248,001 | $ | 3,191,001 | ||||
Net income per sub-share
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$ | .64 | $ | 32 | ||||
Average sub-shares outstanding during period
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9,797,930 | 10,120,410 |