Capital Properties reports $1.3M profit in 2018

CAPITAL PROPERTIES reported net income of $1.3 million in 2018. Above, a map of the company's real estate holdings. / COURTESY SECURITIES AND EXCHANGE COMMISSION
CAPITAL PROPERTIES reported net income of $1.3 million in 2018. Above, a map of the company's real estate holdings. / COURTESY SECURITIES AND EXCHANGE COMMISSION
PROVIDENCE – Capital Properties Inc. reported net income of $1.3 million, or 19 cents per share, in 2018 in a filing this week, a 79 percent drop from its 2017 earnings. The company, which owns real estate in downtown Providence, saw the large decline in net income thanks to a $5.1 million gain on the…

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