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, 2011 | September 30, 2010 | |||||||
Rentals, royalties and other income
|
$ | 5,604,407 | $ | 3,894,375 | ||||
Land sales
|
2,955,972 | -- | ||||||
Total income
|
$ | 8,560,379 | $ | 3,894,375 | ||||
Provision for income tax
|
$ | 2,589,178 | $ | 983,502 | ||||
Net income
|
$ | 5,258,936 | $ | 2,228,177 | ||||
Net income per sub-share
|
$ | .56 | $ | .23 | ||||
Average sub-shares outstanding during period
|
9,340,425 | 9,681,431 |
Nine Months Ended | ||||||||
September 30, 2011 | September 30, 2010 | |||||||
Rentals, royalties and other income
|
$ | 15,931,502 | $ | 12,691,294 | ||||
Land sales
|
7,147,972 | 1,935,070 | ||||||
Total income
|
$ | 23,079,474 | $ | 14,626,364 | ||||
Provision for income tax
|
$ | 6,711,724 | $ | 3,822,689 | ||||
Net income
|
$ | 14,034,434 | $ | 8,476,178 | ||||
Net income per sub-share
|
$ | 1.49 | $ | .87 | ||||
Average sub-shares outstanding during period
|
9,400,891 | 9,739,570 |