TRUSTEES:
MAURICE MEYER III
JOHN R. NORRIS III
JAMES K. NORWOOD
|
Telephone (214) 969-5530
|
ROY THOMAS
General Agent
DAVID M. PETERSON
Assistant General Agent
|
Three Months Ended
|
||||||||
December 31, 2010
|
December 31, 2009
|
|||||||
Rentals, royalties and other income
|
$ | 4,662,308 | $ | 3,642,204 | ||||
Land sales
|
803,000 | -- | ||||||
Total income
|
$ | 5,465,308 | $ | 3,642,204 | ||||
Provision for income tax
|
$ | 1,292,781 | $ | 746,736 | ||||
Net income
|
$ | 2,832,533 | $ | 1,769,342 | ||||
Net income per sub-share
|
$ .30 | $ .18 | ||||||
Average sub-shares outstanding during period
|
9,590,444 | 9,938,380 | ||||||
Year Ended
|
||||||||
December 31, 2010
|
December 31, 2009
|
|||||||
Rentals, royalties and other income
|
$ | 17,353,602 | $ | 12,615,277 | ||||
Land sales
|
2,738,070 | 523,010 | ||||||
Total income
|
$ | 20,091,672 | $ | 13,138,287 | ||||
Provision for income tax
|
$ | 5,115,470 | $ | 3,130,720 | ||||
Net income
|
$ | 11,308,711 | $ | 6,914,043 | ||||
Net income per sub-share
|
$ 1.17 | $ .69 | ||||||
Average sub-shares outstanding during period
|
9,679,921 | 10,018,028 |