UC Asset Sold Farmland for $550K Gross Profit, Halfway Through Its Annual Profit Goal of $1 Million
UC Asset Sold Farmland for $550K Gross Profit, Halfway Through Its Annual Profit Goal of $1 Million
Atlanta, Jan. 18, 2023 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQB: UCASU) announces today that the company has closed transaction to sell one of its properties, a 72-acre farmland in the metropolitan area of Dallas, Texas, at the final price of $1.91 million. The sale is a cash deal.
亞特蘭大，2023 年 1 月 18 日（GLOBE NEWS）-加州大學資產 LP（OTCQB：UCASU）今天宣布，該公司已完成交易，以 $1.91 萬美元的最終價格出售其中一項物業，即位於德克薩斯州達拉斯大都會地區 72 英畝的農田。這筆交易是現金交易。
UC Asset acquired the land in October 2016 for approximately $800,000. It sold the property to a local company at $1.30 million in 2020, only to buy it back one year later, in the spring of 2022, at $1.35 million. US Asset will book approximately $550,000 of gross profit from this sale.
UC 資產於 2016 年 10 月以約 80 萬美元收購該土地。它在 2020 年以 1.30 萬美元的價格將該物業出售給了一家當地公司，只是為了在一年後的 2022 年春季以 1.35 萬美元的價格將其買回。美國資產將從此次出售中預訂約 550,000 美元的毛利。
UC Asset carries no mortgage loan or any other debt against the land. Therefore, all sales proceeds will become net proceeds to UC Asset, after deduction of small amount of fees and taxes.
UC Asset 沒有對土地進行抵押貸款或任何其他債務。因此，在扣除少量費用和稅金後，所有銷售收益將成為 UC Asset 的淨收益。
"Early this month, we have declared that our company aimed to achieve about $1 million gross profit for the year of 2023. By closing this deal, we have been halfway through to reach that goal, in the very first month of the year," asserts Greg Bankston, managing partner of UC Asset. "With a pipeline of deals in our hands, we are optimistic about our performance in 2023."
「本月初，我們宣布，我們公司的目標是在 2023 年實現約 100 萬美元的毛利。通過完成這筆交易，我們已經在今年的第一個月實現了這一目標的中途，」UC 資產的管理合夥人格雷格·班克斯頓斷言。「我們手中有一系列交易，我們對 2023 年的業績表現持樂觀態度。」
The company currently has about 5.3 million shares outstanding. It is expected to acquire a $3 million cannabis property, and will issue 2.5 million preferred shares for that acquisition. However, those preferred shares will receive no dividends. If the company reaches its goal of $1 million gross profit, it will all be allocated to its common shareholders. In that scenario, gross profit allocated to common shareholders will be close to $0.20 per share.
該公司目前已發行約 530 萬股。預計將收購 300 萬美元的大麻財產，並將為該次收購發行 250 萬股優先股。但是，這些優先股將不會獲得股息。如果公司達到 100 萬美元毛利的目標，它將全部分配給其普通股東。在這種情況下，分配給普通股股東的毛利接近 0.20 美元。
About UC Asset LP
關於聯合資產
UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies, concentrating in metropolitan areas of Atlanta, GA. For more information about UC Asset, please visit:
UC Asset LP 是一項有限合夥企業，旨在通過創新策略投資房地產，專注於喬治亞州亞特蘭大的大都市地區。有關 UC 資產的更多信息，請訪問：
Disclaimer:
免責聲明：
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
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For More Information Contact: IR@UCasset.com
欲了解更多信息，請聯繫：IR@UCasset.com
譯文內容由第三人軟體翻譯。