Maxus Realty Trust, Inc. Third Quarter Report

December 2, 2011



Maxus Realty Trust, Inc. (OTCPink: MRTI.PK) reported revenues for its third quarter ended September 30, 2011 increased 21% to $6.6 million.  Net operating income jumped nearly 61% to $1.4 million and the trust cut its net loss to $369 thousand or $(0.29) per share compared to a net loss of $581 thousand or $(0.47) per share during the same period in 2010.

For the first nine months of 2011, revenue was up 15.7% to $17.8 million.  Net operating income for the period spiked nearly 63% to $4.3 million and the trust sliced its net loss substantially to $425 thousand or $(0.33) per share compared to a net loss of $1.4 million or $(1.10) per share during the same period in 2010.

At the end of the third quarter, Maxus Realty had total assets of $173.1 million and total liabilities of $155.8 million.

In June of 2011, the trust made a major acquisition with the purchase of The Villages of Bogey Hills Apartments for $30.116 million.  The complex has 486 units and overlooks the Bogey Hills Golf & Country Club in St. Charles, Missouri.  The trust also acquired three minority interests in various real estate companies that owned other residential apartments in Missouri, Kansas and Arkansas.

Source: Maxus Realty Trust, Inc.


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