-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MSHRuZoffPEr2cENWy8SZrlDDTCPkUnngsoReZQDQqnSu1mEhBPBWGaBE6YMNgmu QA2nSlY6WNer5BcOF9y6yA== 0000950134-96-006312.txt : 19961120 0000950134-96-006312.hdr.sgml : 19961120 ACCESSION NUMBER: 0000950134-96-006312 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960930 FILED AS OF DATE: 19961115 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONTINENTAL MORTGAGE & EQUITY TRUST CENTRAL INDEX KEY: 0000319416 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 942738844 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-10503 FILM NUMBER: 96667469 BUSINESS ADDRESS: STREET 1: 10670 N CENTRAL EXPWY STE 300 CITY: DALLAS STATE: TX ZIP: 75231 BUSINESS PHONE: 2146924700 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED CAPITAL SPECIAL TRUST DATE OF NAME CHANGE: 19901122 10-Q/A 1 AMENDMENT TO FORM 10-Q 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q/A [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTER ENDED SEPTEMBER 30, 1996 Commission File Number 0-10503 CONTINENTAL MORTGAGE AND EQUITY TRUST - ------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) California 94-2738844 - -------------------------------- --------------------- (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) 10670 North Central Expressway, Suite 300, Dallas, TX 75231 - ------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (214) 692-4700 ----------------------------------- (Registrant's Telephone Number, Including Area Code) Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes X No --- --- Shares of Beneficial Interest, no par value 4,185,240 - ------------------------------ -------------------------------- (Class) (Outstanding at July 26, 1996) 1 2 This Form 10-Q/A amends the Registrant's quarterly report on Form 10-Q for the quarter ended September 30, 1996 as follows: PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS - page 4 2 3 CONTINENTAL MORTGAGE AND EQUITY TRUST CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three Months For the Nine Months Ended September 30, Ended September 30, ---------------------------- ---------------------------- 1996 1995 1996 1995 ------------ ------------ ------------ ------------ (dollars in thousands, except per share) Revenue Rentals ....................... $ 11,435 $ 9,612 $ 33,205 $ 27,318 Interest ...................... 268 196 821 600 ------------ ------------ ------------ ------------ 11,703 9,808 34,026 27,918 Expenses Property operations ........... 7,188 5,896 20,091 16,456 Interest ...................... 3,254 2,481 9,317 6,998 Depreciation .................. 1,271 1,103 3,565 3,133 Provision for losses .......... (884) -- (884) 541 Advisory fee to affiliate ..... 449 394 1,300 1,139 General and administrative .... 461 299 1,400 928 ------------ ------------ ------------ ------------ 11,739 10,173 34,789 29,195 ------------ ------------ ------------ ------------ Loss from operations ........... (36) (365) (763) (1,277) Equity in income of partnerships ................. 21 28 197 213 Gain on sale of real estate .... 3,598 -- 9,397 -- ------------ ------------ ------------ ------------ Income (loss) before extraordinary gain ........... 3,583 (337) 8,831 (1,064) Extraordinary gain ............. 149 -- 812 -- ------------ ------------ ------------ ------------ Net income (loss) .............. $ 3,732 $ (337) $ 9,643 $ (1,064) ============ ============ ============ ============ Earnings per share Income (loss) before extra- ordinary gain ............... $ .86 $ (.08) $ 2.08 $ (.24) Extraordinary gain ............ .04 -- .20 -- ------------ ------------ ------------ ------------ Net income (loss) ............. $ .90 $ (.08) $ 2.28 $ (.24) ============ ============ ============ ============ Weighted average shares of beneficial interest used in computing earnings per share .. 4,184,086 4,377,156 4,243,754 4,377,171 ============ ============ ============ ============
The accompanying notes are an integral part of these Consolidated Financial Statements. 4 -----END PRIVACY-ENHANCED MESSAGE-----