2021 was a period of change for uc asset ucasu it continues to diversify its real estate investment strategies which now include investing in land and abovegroundproperties for cannabishemp growers revitalizing underinvested properties in atlanta and converting them to incomegenerating assets and developing ‘airbnblike properties targeting business travelers the company shifted its accounting methodology from fairmarket value to historical cost based on sec feedback that historical cost methodology is more appropriate given ucasus more diverse investment strategy this change may create more volatility in reported results as gainslosses are recognized when a property is sold instead of over the entire asset holding period however the underlying business activities have not changed in 2021 ucasu reported 35 million in investment income including 25 million from the sale of residential portfolio holdings 09 million in interest income and unrealized investment gains and 01 million in rental income at the end of 2021 ucasu we had two houses and one lot in its residential investment portfolio the company expects to divest some or all of the properties in the coming years after expenses ucasu posted net operating income of 07 million in 2021 compared to 02 million in 2020 uc asset reported 012 per share net income in 2021 compared to 003 in the previous year separately uc asset announced a 010 per share dividend for shareholders subscribe to zacks small cap research to receive our articles and reports emailed directly to you each morning please visit our website for additional information on zacks scr disclosure zacks scr has received compensation from the issuer directly from an investment manager or from an investor relations consulting firm engaged by the issuer for providing research coverage for a period of no less than one year research articles as seen here are part of the service zacks scr provides and zacks scr receives quarterly payments totaling a maximum fee of up to 40000 annually for these services provided to or regarding the issuer full disclaimer here