| Business Summary | | Santa
Fe
Financial
Corporation
is
a
68.1%
owner
of
Portsmouth
Square,
Inc.
(Portsmouth),
which
has
a
49.8%
limited
partnership
interest
in
the
Justice
Investors
limited
partnership
(Justice
Investors).
The
Company's
principal
source
of
revenue
is
derived
from
the
investment
of
Portsmouth
in
Justice
Investors.
Justice
Investors
owns
the
land,
improvements
and
leaseholds
at
San
Francisco,
California
commonly
known
as
the
Holiday
Inn
Financial
District/Chinatown.
The
most
significant
income
source
is
a
lease
between
the
partnership
and
Felcor
Lodging
Trust,
Inc.
for
the
hotel
portion
of
the
property.
The
partnership
also
derives
income
from
its
lease
of
the
garage
portion
of
the
property
to
Evon
Garage
Corporation.
The
Company
also
owns
a
controlling
55.4%
equity
interest
in
Intergroup
Woodland
Village,
Inc.,
which
owns
a
27-unit
multi-family
apartment
complex
located
in
Los
Angeles,
California. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SFEF
owns
a
49.8%
limited
partnership
interest
in
Justice
Investors
(owns
and
leases
a
hotel
in
San
Francisco,
CA)
and
55.4%
equity
interest
in
Intergroup
Woodland
Village
(an
apartment
complex).
For
the
comparable
nine
months
ended
3/31/01,
revenues
fell
62%
to
$4
million.
Net
income
applicable
to
Common
totaled
fell
74%
to
$928
thousand.
Revenues
reflect
the
absence
of
$5.6
million
in
unrealized
securites
gains.
Earnings
also
reflect
the
maintenance
of
higher
margin
balances. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| John Winfield, 53 Chairman,
Pres, and CEO | $156K | Michael Zybala, 46 VP,
Sec. and Gen. Counsel | 105K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|