Owens realty mortgage, inc. (ORM)
Income statement / Quarterly
Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Sep'12Jun'12
Revenues:
Interest and related income from loans

2,866

3,438

3,086

2,889

2,688

2,963

2,641

2,547

2,426

2,256

2,196

2,043

1,579

1,372

2,500

2,823

1,817

1,399

1,028

1,136

659

749

723

887

859

535

Gain on foreclosure of loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Rental and other income from real estate properties

708

1,140

1,210

1,070

1,113

1,265

1,179

946

1,194

2,191

2,451

2,139

2,807

2,996

3,443

3,542

3,331

3,262

2,984

2,689

2,814

2,887

2,796

2,723

3,427

3,360

Income from investment in limited liability company

-

-

-

-

-

-

-

-

-

-

44

42

-

44

42

43

43

43

40

41

42

38

38

41

37

39

Other income

160

144

49

32

48

48

46

43

-

45

-

-

-

-

-

-

0

0

0

0

2

0

0

0

1

1

Total revenues

3,735

4,723

4,346

3,991

3,850

4,277

3,867

3,537

3,667

4,493

4,692

4,225

4,432

4,414

5,987

6,409

5,192

4,705

4,054

3,868

2,567

3,676

3,560

4,604

4,326

3,937

Expenses:
Management fees to Manager

720

718

730

737

764

827

1,006

947

887

808

825

765

640

513

440

456

451

435

419

420

399

373

451

439

405

454

Servicing fees to Manager

0

0

0

95

91

93

91

86

80

73

75

69

58

46

40

41

41

39

38

38

36

33

37

43

41

41

General and administrative expense

1,818

650

390

529

693

510

545

483

326

338

349

553

327

292

280

378

570

285

389

415

463

496

424

273

370

294

Rental and other expenses on real estate properties

510

939

949

1,459

1,090

1,251

1,436

1,203

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental and other expenses on real estate properties

-

-

-

-

-

-

-

-

-

2,045

2,048

1,790

2,089

2,070

2,159

2,190

2,204

2,060

1,977

1,915

1,747

2,071

2,125

2,206

2,626

2,630

Depreciation and amortization

164

173

206

217

221

302

303

309

300

305

309

343

340

526

583

602

612

549

547

546

543

539

1,004

398

371

721

Interest expense

299

710

586

535

466

471

362

286

209

960

1,005

683

525

354

471

587

443

338

253

127

128

129

128

127

131

130

Bad debt expense from uncollectible rent

-

-

-

-

-

-

-

-

-

-

-

-

-

150

-

-

-

0

-

-

-

-

-

-

-

-

(Recovery of) provision for loan losses

31

242

-114

80

138

396

-137

-38

-937

38

-274

-111

1,499

-44

-340

-87

2,010

-117

103

-127

-

-

-

-

-

-

Environmental remediation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

100

Provision for (reversal of) loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-419

-6,699

-257

551

236

Impairment losses on real estate properties

-

745

0

-

-

367

281

-

-

1,094

2,110

-

333

0

147

1,109

0

123

48

7

-

0

-

0

614

418

Total expenses

3,790

3,696

2,978

3,493

3,964

3,427

4,164

3,355

3,942

5,587

6,999

4,316

2,817

3,998

4,463

5,453

2,315

3,950

3,569

3,597

3,558

3,223

-2,526

3,231

5,112

5,027

Operating income (loss)

-54

1,027

1,367

498

-113

849

-297

181

-274

-1,093

-2,306

-91

1,615

415

1,523

956

2,877

754

484

270

-991

453

6,087

1,373

-786

-1,090

Gain on sales of real estate, net

2,126

1,372

957

154

268

582

13,877

-0

-536

20,195

0

4,838

6,787

0

14,825

205

503

113

2,349

277

-

-

-

-

1,859

-11

Net income before income tax expense

2,071

2,400

2,325

652

-2,472

1,432

13,580

181

-

19,102

-2,306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on foreclosure of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

207

0

0

257

0

0

0

952

-

-

Net income before income tax expense

-

-

-

-

-

-

-

-

-

-

-

4,747

-

415

16,349

-

-

-

-

-

-

-

-

-

-

-

Income tax (expense) benefit

243

150

-17

183

1,951

1,275

824

-10

380

-260

-7,368

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of real estate, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

251

2,429

30

-

-

Net income

-

-

-

-

-

-

-

-

-1,191

19,362

5,061

4,747

8,309

415

16,349

1,161

3,588

867

2,834

805

192

704

8,516

1,403

1,073

-1,101

Less: Net income attributable to non-controlling interests

-

-

-

-

-

-

-

-

-15

3,630

-56

13

36

31

2,588

9

13

83

23

44

21

3

2,085

-26

-41

-67

Net income attributable to common stockholders

1,828

2,249

2,342

469

-4,424

156

12,755

191

-1,175

15,732

5,118

4,734

8,272

384

13,760

1,151

3,574

783

2,810

760

170

701

6,431

1,429

1,114

-1,034

Per common share data:
Basic and diluted earnings per common share (in dollars per share)

0.22

0.26

0.26

0.05

-0.43

0.02

1.24

0.02

-0.12

1.54

0.50

0.46

0.79

0.04

1.28

0.11

0.34

0.07

0.26

0.07

0.02

0.06

0.57

0.13

0.10

-0.09

Basic and diluted weighted average number of common shares outstanding (in shares)

8,474

8,572

8,922

9,089

9,981

10,173

10,247

10,247

10,247

10,247

10,247

10,247

10,304

10,538

10,768

10,768

10,767

10,768

10,768

10,769

10,918

11,196

11,198

11,198

11,198

11,198

Dividends declared per share of common stock (in dollars per share)

0.20

0.20

0.20

0.16

0.10

0.10

0.10

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.18

0.07

0.12

0.05

0.05

0.05

0.04

0.05

0.15

0.00

0.03

0.01