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TEXAS
PACIFIC LAND TRUST
|
||
1700
Pacific Avenue
|
||
Suite
2770
|
||
Dallas,
Texas 75201
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||
______
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||
TRUSTEES:
|
ROY
THOMAS
|
|
MAURICE
MEYER III
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Telephone
(214) 969-5530
|
General
Agent
|
JOHN
R. NORRIS III
|
||
JAMES
K. NORWOOD
|
DAVID
M. PETERSON
|
|
Assistant
General Agent
|
||
TEXAS
PACIFIC LAND TRUST
|
||
REPORT OF OPERATIONS -
UNAUDITED
|
Three Months Ended
|
||||||||
December 31, 2009
|
December 31, 2008
|
|||||||
Rentals,
royalties and other income
|
$ | 3,642,204 | $ | 3,019,609 | ||||
Land
sales
|
-- | -- | ||||||
Total
income
|
$ | 3,642,204 | $ | 3,019,609 | ||||
Provision
for income tax
|
$ | 746,736 | $ | 519,536 | ||||
Net
income
|
$ | 1,769,342 | $ | 1,197,880 | ||||
Net
income per sub-share
|
$ | .18 | $ | .12 | ||||
Average
sub-shares outstanding during period
|
9,938,380 | 10,272,592 | ||||||
Year
Ended
|
||||||||
December 31, 2009
|
December
31, 2008
|
|||||||
Rentals,
royalties and other income
|
$ | 12,615,277 | $ | 18,701,572 | ||||
Land
sales
|
523,010 | 823,440 | ||||||
Total
income
|
$ | 13,138,287 | $ | 19,525,012 | ||||
Provision
for income tax
|
$ | 3,130,720 | $ | 4,865,193 | ||||
Net
income
|
$ | 6,914,043 | $ | 10,939,773 | ||||
Net
income per sub-share
|
$ | .69 | $ | 1.06 | ||||
Average
sub-shares outstanding during period
|
10,018,028 | 10,354,408 |
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