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Capital Properties, Inc.
Capital Properties, Inc. Announces 2008 Results
April 12th, 2009
Today, Capital Properties, Inc. (Pink Sheets: CPTP) reported net income of $1,573,000 for the year ended December 31, 2008; for the year ended December 31, 2007, the Company had reported net income of $1,385,000. Based upon 6,599,912 shares outstanding, the basic income per common share for 2008 was $.24 and for 2007 was $.21. Leasing revenues for 2008 increased $127,000 from 2007 due to increases in rentals under short-term leases, including rentals from a building purchased in November 2007 (Steeple Street Building). Leasing revenues for 2007 included $100,000 in settlement of a former tenant's premature termination of its lease with the Company. Leasing expense...
Source: Pharma Investments, Ventures & Law Weekly (2009-04-12)
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