VRTA Profile
Vestin Realty Mortgage I, Inc. (VRTA) is a real estate investment trust (REIT) that invests in and originates commercial real estate loans. The company's portfolio includes a variety of commercial properties, such as office buildings, retail centers, and multi-family residential properties.
As a REIT, VRTA is required to distribute at least 90% of its taxable income to shareholders in the form of dividends, making it an attractive investment for income-seeking investors. However, like all REITs, VRTA carries market risks, including the risk of interest rate fluctuations, changes in the real estate market, and regulatory changes that can impact the financial performance of the company.
VRTA had a market capitalization of approximately $7.3 million and reported total assets of $26.4 million. The company's net income for the first half of 2021 was $0.7 million, compared to net income of $0.2 million for the same period in the previous year. The increase in net income was primarily due to an increase in interest income and a decrease in interest expense.
Investors should carefully consider these risks before investing in VRTA and consult with a financial advisor to determine if it is an appropriate investment for their portfolio. They should also review the company's financial statements and other public disclosures to gain a better understanding of its financial performance and risks.
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