Owens realty mortgage, inc. (ORM)
Income statement / TTM
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

12,281

12,103

11,628

11,183

10,840

10,578

9,871

9,426

8,922

8,075

7,191

7,496

8,277

8,514

8,541

7,069

5,382

4,224

3,575

3,270

3,020

3,220

3,006

0

0

0

Gain on foreclosure of loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Rental and other income from real estate properties

4,129

4,534

4,659

4,629

4,505

4,586

5,512

6,783

7,977

9,590

10,396

11,388

12,791

13,314

13,580

13,121

12,268

11,751

11,377

11,189

11,223

11,836

12,308

0

0

0

Income from investment in limited liability company

-

-

-

-

-

-

-

-

-

-

176

175

-

174

173

171

169

168

163

161

160

156

157

0

0

0

Other income

386

274

178

175

187

184

0

0

-

0

-

-

-

-

-

-

0

2

2

3

4

3

4

0

0

0

Total revenues

16,797

16,912

16,466

15,987

15,533

15,349

15,565

16,390

17,078

17,844

17,764

19,059

21,243

22,003

22,294

20,361

17,820

15,195

14,167

13,673

14,409

16,168

16,429

0

0

0

Expenses:
Management fees to Manager

2,906

2,950

3,059

3,335

3,546

3,669

3,650

3,468

3,286

3,039

2,744

2,360

2,051

1,861

1,783

1,763

1,726

1,675

1,612

1,644

1,664

1,669

1,751

0

0

0

Servicing fees to Manager

95

186

279

371

362

351

331

315

298

276

249

214

186

169

162

160

156

152

146

146

151

156

163

0

0

0

General and administrative expense

3,389

2,264

2,124

2,279

2,234

1,867

1,695

1,499

1,568

1,569

1,523

1,453

1,278

1,521

1,515

1,624

1,661

1,554

1,764

1,800

1,657

1,564

1,363

0

0

0

Rental and other expenses on real estate properties

3,858

4,438

4,750

5,236

4,980

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental and other expenses on real estate properties

-

-

-

-

-

-

-

-

-

7,974

7,999

8,110

8,510

8,625

8,615

8,433

8,158

7,700

7,711

7,859

8,150

9,029

9,588

0

0

0

Depreciation and amortization

761

818

947

1,045

1,138

1,216

1,219

1,224

1,258

1,298

1,519

1,793

2,052

2,324

2,347

2,311

2,255

2,186

2,176

2,633

2,485

2,313

2,495

0

0

0

Interest expense

2,132

2,300

2,061

1,836

1,587

1,330

1,819

2,463

2,859

3,174

2,567

2,034

1,938

1,856

1,840

1,621

1,161

847

638

513

513

516

517

0

0

0

Bad debt expense from uncollectible rent

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

(Recovery of) provision for loan losses

239

345

500

478

360

-716

-1,074

-1,211

-1,284

1,152

1,068

1,003

1,026

1,538

1,465

1,909

1,869

0

0

0

-

-

-

-

-

-

Environmental remediation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Provision for (reversal of) loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,824

-6,168

0

0

0

Impairment losses on real estate properties

-

0

0

-

-

0

0

-

-

0

0

-

1,589

1,256

1,379

1,280

179

179

0

0

-

0

-

0

0

0

Total expenses

13,958

14,132

13,864

15,051

14,913

14,890

17,049

19,883

20,844

19,720

18,131

15,595

16,732

16,230

16,182

15,289

13,433

14,676

13,949

7,853

7,486

9,041

10,844

0

0

0

Operating income (loss)

2,838

2,779

2,601

936

620

459

-1,483

-3,493

-3,765

-1,875

-366

3,464

4,511

5,773

6,111

5,072

4,386

518

217

5,819

6,922

7,127

5,584

0

0

0

Gain on sales of real estate, net

4,610

2,753

1,963

14,883

14,728

13,923

33,536

19,658

24,497

31,821

11,626

26,451

21,818

15,534

15,647

3,171

3,243

0

0

0

-

-

-

-

0

0

Net income before income tax expense

7,449

2,905

1,937

13,192

12,721

34,295

30,556

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on foreclosure of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

464

257

257

257

952

0

0

0

-

-

Net income before income tax expense

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Income tax (expense) benefit

559

2,268

3,393

4,235

4,041

2,470

933

-7,259

-7,248

-7,629

-7,368

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of real estate, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

Net income

-

-

-

-

-

-

-

-

27,980

37,481

18,534

29,822

26,236

21,515

21,966

8,451

8,095

4,699

4,536

10,219

10,817

11,698

9,891

0

0

0

Less: Net income attributable to non-controlling interests

-

-

-

-

-

-

-

-

3,571

3,623

25

2,670

2,667

2,644

2,696

130

165

172

93

2,155

2,084

2,022

1,950

0

0

0

Net income attributable to common stockholders

6,889

637

-1,455

8,957

8,679

11,928

27,504

19,867

24,409

33,857

18,509

27,151

23,569

18,871

19,270

8,320

7,929

4,526

4,443

8,063

8,732

9,676

7,941

0

0

0

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