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Capital Properties, Inc. Announces Third Quarter 2009 Results.

Publication: PR Newswire
Publication Date: 10-NOV-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
EAST PROVIDENCE, R.I., Nov. 10 /PRNewswire-FirstCall/ -- Today, Capital Properties, Inc. (Pink Sheets: CPTP) reported net income of $341,000 and $1,079,000 for the three and nine months ended September 30, 2009. Based upon 6,599,912 shares, the basic income per common share was $.05 and $.16, respectively. For the three and nine months ended September 30, 2008, the Company reported net income of $478,000 and $1,343,000, respectively. Based upon 6,599,912 shares, the basic income per common share in 2008 was $.07 and $.20, respectively.

For the three and nine months ended September 30, 2009, leasing revenue decreased $12,000 and...

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