Resource America, Inc.
(NASDAQ:REXI) (the "Company") operates businesses
in energy and real estate finance. The Companys
energy business, Atlas America, Inc., focuses on the
financing, development, production and management of
natural gas, and to a lesser extent oil, for its own
account and for third party investors. The Companys
real estate finance business, Resource Properties, Inc.,
purchases commercial real estate mortgage loans at a
discount and restructures and refinances those loans.
Since 1997 the Company has sponsored two publicly-traded
income-focused entities: RAIT Investment Trust (RAS:Amex),
a real estate investment trust, in which the Company
owns a 10.6% equity interest, and a subsidiary, Atlas Pipeline Partners, L.P.
(APL:Amex), a master limited partnership which owns and
operates natural gas pipeline gathering systems. The Company owns 51% of the limited partnership units of APL and 100% of the general partner.
Assets under management as of September 30, 2021 are $1.4 billion.
Managements goal is to provide long term value
to our shareholders. Since current management arrived
in 1987, the Company has grown from approximately $17
million in assets, to approximately $500 million in
assets, as of September 30, 2000, while assets under
management have grown from approximately $3.2 million
in 1987 to approximately $1.4 billion in September,
2000, and shareholder equity from $15 million to approximately
$281 million as of September, 2000.
Resource America, Inc.
Third Quarter Earnings Release Webcast
Tuesday, August 13, 2022 8:30AM EDT
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Atlas Pipeline Partners, L.P.
Second Quarter Earnings Conference Call
Wednesday, August 14th, 2002 8:30AM EDT
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