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 | ||||||||
June 30, 2011
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June 30, 2010
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|||||||
Rentals, royalties and other income
|
$ | 5,118,487 | $ | 4,912,841 | ||||
Land sales
|
3,680,500 | 1,567,750 | ||||||
Total income
|
$ | 8,798,987 | $ | 6,480,591 | ||||
Provision for income tax
|
$ | 2,596,622 | $ | 1,788,493 | ||||
Net income
|
$ | 5,415,929 | $ | 3,805,534 | ||||
Net income per sub-share
|
$ | .58 | $ | .39 | ||||
Average sub-shares outstanding during period
|
9,432,205 | 9,767,077 |
Six Months Ended | ||||||||
June 30, 2011
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June 30, 2010
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|||||||
Rentals, royalties and other income
|
$ | 10,327,095 | $ | 8,796,919 | ||||
Land sales
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4,192,000 | 1,935,070 | ||||||
Total income
|
$ | 14,519,095 | $ | 10,731,989 | ||||
Provision for income tax
|
$ | 4,122,546 | $ | 2,839,187 | ||||
Net income
|
$ | 8,775,498 | $ | 6,248,001 | ||||
Net income per sub-share
|
$ | .93 | $ | .64 | ||||
Average sub-shares outstanding during period
|
9,460,805 | 9,797,930 |