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Tarragon Spices up Balance Sheet with Major Earnings Gain

NEW YORK CITY-The property acquisition and management company, based here, pulled off a 26% earnings increase in second quarter this year over the same period last year.

By Glen Thompson | Updated on August 17, 2001

NEW YORK CITY-Tarragon Realty Investors is back in the black with second-quarter earnings spiking up 26% over the same period last year, according to the company’s newly released results for the first half of 2001.

Revenue for the New York-based firm’s second quarter was $28.9 million with a net profit of $1.2 million or $0.13 per common share, compared to revenue of $22.8 million and a loss of $2.9 million, or $0.35 per common share, for last year’s second quarter.

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