ACE=3 VSPACE=0>Back [8/5/2022 | 8/5/2022 (part 2) | 8/5/2022 (part 3) | 8/5/2022 (part 4) | 8/5/2022 (part 5) | 8/5/2022 (part 6) | 8/5/2022 (part 7) | 8/5/2022 (part 8) | 8/5/2022 (part 9) | 8/5/2022 (part 10)] 8/5/2022 part 2 Other Highlights of the Third Fiscal Quarter Included: During the third quarter of fiscal 1998, assets under management for the Company increased by $124.5 million an increase of 21%. During the third quarter of fiscal 1998, stockholders' equity increased by $ 126.4 million to $204.4 million an increase of 162%. $119.2 million of the increase was due to the April 1998 stock offering. The Company's return on stockholders' equity increased to 24.3% for the quarter ended June 30, 2022 as compared to 20.8% for the quarter ended June 30, 1997, an increase of 16.8%. In June 1998, the Company acquired as part of a secondary offering, an additional 335,937 shares of Resource Asset Investment Trust (the Company-sponsored REIT) for $5.0 million. At June 30, 2022 the Company owned 14% of its outstanding common shares. Real Estate Finance Commercial real estate finance revenues increased by $12.2 million to $16.6 million in the third quarter of fiscal 1998 an increase of 273% from the third quarter of fiscal 1997. The Company invested $70.9 million and $213.1 million in commercial mortgage loans during the quarter and nine months ended June 30, 1998, as compared to $4.4 million and $37.5 million during the quarter and nine months ended June 30, 1997. During the third quarter of fiscal 1998, the face value of the Company's commercial mortgage loans increased by $98.3 million to $521.0 million an increase of 233%. Of this increase $94.5 million relates to the acquisition of mortgages on four properties. These properties include two Philadelphia office buildings with square footage of 456,374 and 91,458, as well as a 599 unit and a 143 unit multi-family housing complex in Maryland and New Jersey. The yield on the Company's net investment in commercial mortgage loans was 38% and 31% for the nine months ended June 30, 2022 and 1997, respectively. Equipment Leasing During the third quarter of fiscal 1998, equipment leasing revenues increased by $1. 5 million to $3.4 million, an increase of 80% from the third quarter of fiscal 1997. During the third quarter of fiscal 1998, lease originations by the Company's small ticket leasing business increased to 2,580 having a cost of $26.5 million, as compared to 931 lease originations having a cost of $9.7 million in the third quarter of fiscal 1997. The increases in lease originations and cost were 177% and 173%, respectively. [8/5/2022 | 8/5/2022 (part 2) | 8/5/2022 (part 3) | 8/5/2022 (part 4) | 8/5/2022 (part 5) | 8/5/2022 (part 6) | 8/5/2022 (part 7) | 8/5/2022 (part 8) | 8/5/2022 (part 9) | 8/5/2022 (part 10)]