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Owens Realty Mortgage

21.75
0.0000
Volume:- -
Turnover:- -
Market Cap:184.50M
PE:27.67
High:21.75
Open:21.75
Low:21.75
Close:21.75
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Company Profile

Company Name:
Owens Realty Mortgage
Exchange:
AMEX
Establishment Date:
- -
Employees:
- -
Office Location:
- -
Zip Code:
- -
Phone:
- -
Fax:
- -
Introduction:
Owens Realty Mortgage, Inc., a real estate investment trust, focuses on the origination, investment, and management of commercial real estate loans primarily in the Western United States. The company invests in first, second, and third mortgage and deed of trust loans; wraparound and participating mortgage and deed of trust loans; construction mortgage and deed of trust loans on real property; and loans on leasehold interest mortgages and deeds of trust. Its loans are secured by mortgages or deeds of trust on unimproved, improved, income-producing, and non-income-producing real properties, such as condominium projects, apartment complexes, shopping centers, office buildings, and other commercial or industrial properties. As of December 31, 2015, the company held investments in 56 loans secured by liens on title and leasehold interests in real property in Northern California, Southern California, Arizona, Hawaii, Oregon, and Michigan. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Owens Financial Group, Inc. serves as the manager of Owens Realty Mortgage, Inc. The company was founded in 1983 and is based in Walnut Creek, California.