| Business Summary | | Resource
America,
Inc.
operates
energy
and
real
estate
finance
businesses
through
its
subsidiaries,
Atlas
America,
Inc.
and
Resource
Properties,
Inc.
In
energy,
the
Company
drills
for
and
produces
natural
gas
in
the
Appalachian
Basin
and,
as
of
September
30,
2000,
owned
interests,
either
directly
or
through
partnerships
managed
by
the
Company
in
4,067
wells.
In
addition,
the
Company
owns
100%
of
the
general
partner
and
a
majority
of
the
limited
partner
interest
in
Atlas
Pipeline
Partners,
L.P.,
a
publicly
traded
master
limited
partnership
that
owns
natural
gas
pipeline
systems
in
the
Appalachian
Basin.
In
real
estate,
the
Company
owns
and
manages
a
portfolio
of
commercial
loans
on
office
buildings,
multifamily
housing,
commercial
and
hotel
properties
located
primarily
in
the
Washington
D.C.-Baltimore,
Philadelphia,
and
Chicago
metropolitan
areas.
The
Company
also
sponsored
and
owns
approximately
14%
of
the
common
shares
of
RAIT
Investment
Trust,
a
real
estate
investment
trust. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | REXI
is
engaged
in
three
lines
of
business:
real
estate
finance,
commercial
equipment
leasing
and
energy
operations,
including
natural
oil
and
gas
production.
For
the
six
months
ended
3/31/01,
revenues
rose
14%
to
$61.9
million.
Net
income
from
continuing
operations
before
extraordinary
item
rose
97%
to
$7.5
million.
Revenues
reflect
an
increase
in
the
average
sales
price
of
gas.
Net
income
also
reflects
decreased
real
estate
finance
and
S/G/A
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
27,638;
after
tax
earnings
were
2,237. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Edward Cohen, 62 Chairman,
Pres, CEO | $3.6M | $480K | Steven Kessler, 57 Sr.
VP, CFO | 457K | -- | Jonathan Cohen, 30 Sr.
VP | 480K | -- | Freddie Kotek, 45 Sr.
VP, Pres of Resource Leasing, Inc. and Pres of Resource Properties | 386K | -- | Michael Staines, 51 Sr.
VP | 192K | -- | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|