Printer Friendly

THE CHICAGO DOCK AND CANAL TRUST ANNOUNCES SECOND QUARTER EARNINGS FOR FISCAL YEAR 1992

           THE CHICAGO DOCK AND CANAL TRUST ANNOUNCES
          SECOND QUARTER EARNINGS FOR FISCAL YEAR 1992
    CHICAGO, Dec. 13 /PRNewswire/ -- The Chicago Dock and Canal Trust (NASDAQ: DOCKS), a publicly held real estate investment trust, today reported net income for its second quarter ended Oct. 31, 1991, of $1,090,000, or $.19 per share.  The trust reported net income of $1,250,000, or $.21 per share for the same period in the prior fiscal year.
    For the six months ended Oct. 31, 1991, operations resulted in net income of $2,398,000 or $.42 per share.  The trust reported net income for the same period in the prior fiscal year of $2,556,000 or $.44 per share.
    During the second quarter, the trust declared a dividend of $.08 per share.  This dividend compares to $.07 per share for the same period in the prior fiscal year.
    The Chicago Dock and Canal Trust is a real estate investment trust, engaged primarily in the business of owning real estate and interests in real estate for investment.  The trust, formed in 1962, is successor to The Chicago Dock and Canal Company, founded in 1857 by Chicago's first mayor, William Ogden.  The trust's assets include ownership of its interest in the Equitable Building and a substantial portion of the land at Cityfront Center, a major mixed-use development, both in Chicago. The trust also owns Lincoln Garden (a 73,000-square-foot office complex in Tampa, Fla.), Waterplace Park (a 107,000-square-foot office complex in Indianapolis), and One Michigan Avenue (a 144,000-square-foot office building in Lansing, Mich.)
                    THE CHICAGO DOCK AND CANAL TRUST
                   Second Quarter Fiscal 1992 Earnings
    Quarter ended                          Year
      Oct. 31                   1991                       1990
    Net Income               $1,090,000                 $1,250,000
    Net Income per share           $.19                       $.21
    Six months
      Oct. 31                   1991                       1990
    Net Income               $2,398,000                 $2,556,000
    Net Income per share           $.42                       $.44
                                 AS OF                     AS OF
    Shareholders'               10/31/91                  10/31/90
    Equity                    $45,887,000               $43,763,000
   -0-            12/13/91
    /CONTACT:  David R. Tinkham of Chicago Dock and Canal Trust, 312-467-1870, Mike Aabram or Marti Dee of Daniel J. Edelman, Inc., 312-280-7000 for Chicago Dock and Canal Trust/
    (DOCKS) CO:  Chicago Dock and Canal Trust ST:  Illinois IN:  FIN SU:  ERN SM -- NY030 -- 2369 12/13/91 12:37 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 13, 1991
Words:386
Previous Article:CHATTAHOOCHEE BANCORP TO PAY 20TH CONSECUTIVE QUARTERLY DIVIDEND
Next Article:AMERICAN HONDA REPORTS FIRST 10-DAY SALES FOR DECEMBER, 1991
Topics:


Related Articles
THE CHICAGO DOCK AND CANAL TRUST ANNOUNCES EARNINGS FOR FISCAL YEAR 1992
THE CHICAGO DOCK AND CANAL TRUST ANNOUNCES FIRST QUARTER EARNINGS FOR FISCAL YEAR 1993
THE CHICAGO DOCK AND CANAL TRUST ANNOUNCES SECOND QUARTER EARNINGS FOR FISCAL YEAR 1993
THE CHICAGO DOCK AND CANAL TRUST (NASDAQ/DOCKS) ANNOUNCES THIRD QUARTER EARNINGS FOR FISCAL YEAR 1993
THE CHICAGO DOCK AND CANAL TRUST ANNOUNCES FOURTH QUARTER EARNINGS FOR FISCAL YEAR 1993
THE CHICAGO DOCK AND CANAL TRUST ANNOUNCES SECOND QUARTER EARNINGS FOR FISCAL YEAR 1994
THE CHICAGO DOCK AND CANAL TRUST ANNOUNCES THIRD QUARTER EARNINGS FOR FISCAL YEAR 1994
THE CHICAGO DOCK AND CANAL TRUST ANNOUNCES SECOND QUARTER EARNINGS FOR FISCAL YEAR 1995
THE CHICAGO DOCK AND CANAL TRUST ANNOUNCES SECOND QUARTER EARNINGS FOR FISCAL YEAR 1996
The Chicago Dock And Canal Trust Announces Second Quarter For Fiscal Year 1997

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters