DVL's income from continuing operations for the quarter ended
Shareholder's equity increased to
This press release contains statements which constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Included are statements regarding the intent, belief and/or current expectations of the Company and its management. The Company's stockholders and prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements. Such risks and uncertainties include, among other things, general economic conditions, and the actual performance of the portfolios of periodic payment receivables and other risks and uncertainties that are discussed herein and in the Company's reports filed with the Securities and Exchange Commission.
DVL, Inc. is a commercial finance and real estate company which owns and services real estate, commercial mortgages and other diversified commercial and consumer finance assets.
Statistical table follows: DVL, INC. RESULTS OF OPERATIONS (in thousands except share and per share data) Three Months Ended March 31, 2008 2007 Revenues $ 3,194 $2,896 Income from continuing operations $ 1,042 $ 759 Loss from discontinued operations (69) (130) Net income $973 $629 Basic earnings per share: Income from continuing operations $.02 $.02 Loss from discontinued operations .00 .00 Net income $.02 $.02 Diluted earnings per share: Income from continuing operations $.02 $.01 Loss from discontinued operations .00 .00 Net income $.02 $.01 Weighted average shares outstanding - basic 45,292,757 37,534,583 Effect of dilutive securities 133,389 20,886,850 Weighted average shares outstanding - diluted 45,426,146 58,421,433
SOURCE DVL, Inc.