| Business Summary | | Presidential
Realty
Corp.
is
a
real
estate
investment
trust
(REIT)
which
operates
in
a
single
business
segment,
investments
in
real
estate
related
assets.
The
Company's
principal
assets
fall
into
the
following
three
general
categories:
equities,
mortgage
portfolio
and
Ivy
Properties
loans.
The
largest
portion
of
the
Company's
assets
is
equity
interests
in
14
rental
properties
and
one
parcel
of
land.
The
second
assets
category
consists
of
notes
receivable
from
its
mortgage
portfolio
of
sold
real
estate
properties.
The
third
assets
category
consists
of
notes
receivable
in
the
aggregate
principal
amount
of
loans
made
to
Ivy
Properties
in
connection
with
the
conversion
of
apartment
buildings
to
cooperative
ownership
or
the
sales
in
1981
and
1984
by
the
Company
to
Ivy
of
two
apartment
projects. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Presidential
Realty
Corp.
is
a
REIT
which
holds
notes
secured
by
real
estate
properties
and
makes
real
estate
loans
secured
by
mortgages
to
owners
of
income
producing
property.
For
the
six
months
ended
6/30/01,
total
revenues
increased
16%
to
$9.9
million.
Net
income
rose
from
$606
thousand
to
$1.8
million.
Revenues
reflect
the
purchase
of
Farrington
and
Preston
Lake
Apartments.
Earnings
benefited
from
the
sale
of
Woodgate
and
Mark
Terrace
properties. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Robert Shapiro, 83 Chairman | -- | Jeffrey Joseph, 59 Pres,
CEO, Director | $349K | Thomas Viertel, 59 Exec.
VP, CFO | 241K | Steven Baruch, 62 Exec.
VP | 241K | Elizabeth Delgado, 56 Treasurer | 102K | Dollar
amounts are as of 31-Dec-2000 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
|
|