Realty Finance Corporation Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2011
April 03, 2012 at 04:15 pm EDT
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Realty Finance Corporation reported unaudited consolidated earnings results for the year ended December 31, 2011. For the year, the company reported net income of $1.1 million or $0.04 per diluted common share. As previously reported, the company had a net loss for the year ended December 31, 2010 of $126.6 million, or $4.11 per diluted common share. Fee income was $3,663,000 against $1,950,000 a year ago. Income from continuing operations was $1,143,000 or $0.04 per diluted share against loss of $6,344,000 or $0.21 per diluted share a year ago. Net cash provided by operating activities was $1,847,000 against net cash used in operating activities of $225,000 a year ago.
CV Holdings, Inc. is a holding company for several finance-related businesses. The Company, through its subsidiaries, holds various types of investment assets, including loans receivable, finance leases and commercial Collateralized Debt Obligations (CDO) interests. The Company owns and operates a commercial real estate lending business through CV Capital Funding, LLC (CVCF); small ticket finance and leasing business through Centra Funding, LLC (Centra); a venture equipment finance and leasing business through VenSource Management, LLC (VenSource); and a residential nonperforming loan (NPL) servicer and asset manager through LongVue Mortgage Capital, Inc. (LongVue). The various operating businesses are owned by the Companyâs taxable real estate investment trust (REIT) subsidiary, RFC TRS, Inc. (TRS), while the portfolio investments are held through other subsidiaries outside TRS. The Companyâs primary businesses include CVCF, Centra and VenSource.
CV HOLDINGS, INC. 
