Last $16.50 USD
Change Today +0.0649 / 0.39%
Volume 161.0
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As of 8:04 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1870 South Bayshore Drive

Coconut Grove, FL 33133

United States

Phone: 305-854-6803

Fax: 305-856-7342

HMG/Courtland Properties, Inc., a real estate investment trust (REIT), engages in the ownership and management of income-producing commercial properties in the United States. The company’s principal commercial properties consist of: a luxury resort with 50-room hotel, restaurant/banquet facilities, spa, marina and tennis courts (Grove Isle); 50% interest in a restaurant, marina and office/retail mall facility (Monty’s); and its 5,000 square foot corporate office building. These properties are located in the Coconut Grove section of Miami, Florida. The company also owns two properties held for development, consisting of 70% interest in a 13,000 square foot commercial building in Montpelier, Vermont, and approximately 50 acres of vacant land held for development in Hopkinton, Rhode Island. The company’s other investments consist of equity interests in various privately held entities, primarily limited partnerships, whose purpose is to invest venture capital funds in growth-oriented enterprises, which might include investments in commercial real estate. The company invests in income producing instruments, including equity and debt securities issued primarily by capital companies or government agencies with determinable fair values in varying industries, including real estate investment trusts and mutual funds focusing in commercial real estate activities. The company’s marketable securities investments are in companies listed on national stock markets. Its investment in affiliate consists of 49% equity interest in T.G. I.F. Texas, Inc. (TGIF), which owns one net leased property in Louisiana. Tax Status The company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended. As a REIT, the company generally distributes approximately 90% of its net taxable income and would not be subject to federal income tax on income that it distributes to its stockholders. History HMG/Courtland Properties, Inc. was founded in 1971.

 

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Valuation HMG Industry Range
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Price/Sales 249.2x
Price/Book 0.7x
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