| Business Summary | | HMG/Courtland
Properties,
Inc.,
organized
in
1972
as
a
real
estate
investment
trust,
invests
in
a
portfolio
of
equity
interests
in
commercial
real
estate.
The
Company's
present
investment
policy
is
to
invest
primarily
in
income-producing
commercial
properties.
To
implement
its
investment
policy,
the
Company,
directly
and
through
its
subsidiaries,
has
invested
in
improved
properties
and
in
the
commercial
development
of
unimproved
properties
held
in
its
portfolio
or
acquired
for
that
purpose.
The
Company
owns
a
95%
equity
interest
in
Courtland
Investments,
Inc.
(CII).
The
other
5%
equity
interest
(which
is
100%
of
the
voting
interest)
is
held
by
Masscap
Investment
Company,
Inc.
(MICI),
a
wholly-owned
subsidiary
of
Transco
Realty
Trust,
which
is
a
46%
shareholder
of
the
Company.
CII
owns
equity
interests
in
certain
partnerships
and
corporations
that
are
passive
(non-operating)
in
nature. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HMG/Courtland
Properties
Inc.
is
a
real
estate
investment
trust
(REIT)
which
invests
in
a
portfolio
of
equity
interests
in
commercial
real
estate.
For
the
six
months
ended
6/30/01,
revenues
decreased
63%
to
$1.6
million.
Net
income
decreased
69%
to
$914
thousand.
Revenues
reflect
a
$834
thousand
unrealized
loss
from
sales
of
securities
pending
delivery.
Net
income
also
reflects
a
$720
thousand
provision
for
income
taxes
and
lower
margins. | More
from
Market Guide: Significant
Developments |
| | | | Exer | |
| Maurice Wiener, 59 Chairman
and CEO | $86K | Lawrence Rothstein, 48 Pres,
Treasurer, Sec. | -- | Bernard Lerner, 58 VP | -- | Carlos Camarotti, 40 Assistant
Sec., VP- Fin. | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|