EAST PROVIDENCE – Capital Properties Inc. reported earnings last week of $461,000 and $865,000 for the three- and six-month periods that ended June 30.
The company said in a statement that the results generated basic income per common share of $.14 and $.26, respectively.
The earnings were slightly lower than the numbers reported last year by Capital Properties, which operates an oil-storage facility in East Providence and owns much of the land in Providence’s Capital Center. Last year, the company reported net income of $489,000 and $869,000, respectively for the first quarter and first six months of 2007. Those figures resulted in a basic income per common share of $.15 and $.26, respectively.
Capital Properties Inc. (Amex: CPI) is a $5.8 million company based in East Providence. It and its subsidiaries operate in two segments: leasing, both of commercial real estate in downtown Providence and of outdoor advertising sites along highways in Rhode Island and Massachusetts; and petroleum storage, at the Capital facility in East Providence.
Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
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