Home. Hugoton Royalty Trust. Hugoton Royalty Trust was created on December 1, 1998 when XTO Energy Inc. conveyed 80% net profits interests in certain predominantly gas-producing properties located in Kansas, Oklahoma and Wyoming to the trust. The net profits interests are the only assets of the trust, other than cash held for trust expenses and for distribution to unitholders. The trust was created to collect and distribute to unitholders monthly net profits income related to the 80% net profits interests. Such net profits income is calculated as 80% of the net proceeds received from certain working interests in predominantly gas-producing properties in Kansas, Oklahoma and Wyoming.
Net proceeds from properties in each state are calculated by deducting production costs, development costs and overhead from revenues. Net profits income received by the trust on the last business day of each month is calculated and paid by XTO Energy based on net proceeds received from the underlying properties in the prior month. Corporate Profile. Inland Real Estate Corporation is one of the largest owners/operators of community, neighborhood, power, life-style and single-tenant retail centers in the Midwest, with total assets under management of approximately $2.8 billion. As of September 30, 2013, we owned interests in 161 properties totaling approximately 15 million square feet of gross leasable area.
Our shopping centers are largely value and necessity-based. Centers with a grocer, drug or discount component comprise approximately 76% of total portfolio retail square footage. Approximately 60% of our retail portfolio is concentrated in the Chicago metropolitan area. We also have a substantial presence in the Minneapolis-St. Leased occupancy of our total portfolio was 94.3% at 9/30/13. San Juan. Realty Income - The Monthly Dividend Company.