Fog Cutter Capital, formerly Wilshire REIT Message Board

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Non-Tech : Fog Cutter Capital, formerly Wilshire REIT

FCCG 3.420

0.0%

Sep 2 5:00 PM EST

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To: Paul Lee who started this subject	7/27/2000 5:06:43 PM
From: leigh aulper	Read Replies (1) of 44

Wilshire Real Estate Investment Inc. Reports Second Quarter Income of $0.23 Per Share PORTLAND, Ore.--(BUSINESS WIRE)--July 27, 2000--Wilshire Real Estate Investment Inc. (Nasdaq:WREI), an opportunistic investment group specializing in mortgage and real estate related assets, reports net income of $2.39 million or $0.23 per share for its second quarter ended June 30, 2000. For the six-month period ended June 30, 2000, the Company earned $4.93 million or $0.47 per share. For the second quarter and for the six months ended June 30, 1999, the Company incurred a net loss of $1.75 and $1.60 per share, respectively. At June 30, 2000, the Company's book value was $53.8 million or $5.12 per share, excluding any future benefits of net operating loss carryforwards.

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