KENT FINANCIAL SERVICES, INC. (the ?Company?) (NASDAQ - KENT) recorded a net loss of $546,000 or $.19 per share for the year ended December 31, 2006, compared to a net loss of $181,000 or $.06 per share for the year ended December 31, 2005. Total revenues for the year ended December 31, 2006 were $1,135,000, compared to $894,000 for the year ended December 31, 2005.

The Company has 2,795,580 shares outstanding.

This Press Release contains forward-looking statements which may involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results and performance in future periods to be materially different from any future results or performance suggested by these statements. Kent cautions investors not to place undue reliance on forward-looking statements, which speak only to management's expectations on this date. The per share earnings in the text of this news release are fully diluted earnings per share.

KENT FINANCIAL SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005
(in thousands, except per share amounts)
 
Year Ended December 31,
2006  2005 
Revenues:
Seminar fees $ 378  $ 61 
Management fee income 12 
Interest and dividends 619  403 
Investing gains (losses) 28  (148)
Sale of patent rights 50 
Gain on sale of General Devices 301 
Other income 60  265 
 
Total revenues 1,135  894 
 
Expenses:
General and administrative 1,766  1,169 
 
Loss before income taxes, minority interest and extraordinary item
(631) (275)
Provision for income taxes 14  22 
Loss before minority interest and extraordinary item
(645) (297)
Minority interest in subsidiaries losses 71  103 
 
Loss before extraordinary item (574) (194)
Extraordinary gain due to purchase of subsidiary stock
28  13 
 
Net loss $ (546) $ (181)
 
Basic and diluted net loss per common share:
Loss per share before extraordinary item $ (0.20) $ (0.07)
Extraordinary gain 0.01  0.01 
 
Net loss per share $ (0.19) $ (0.06)
 
Weighted average number of common shares outstanding (in 000's)
2,802  2,826 
KENT FINANCIAL SERVICES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
AS OF DECEMBER 31, 2006
(in thousands, except share and per share amounts)
 
ASSETS
 
Cash and cash equivalents $ 167 
Short-term investments 12,900 
Securities owned 149 
Accounts receivable 75 
Property and equipment 35 
Goodwill 90 
Other assets 89 
 
Total assets $ 13,505 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
Liabilities $ 1,032 
Minority interest in subsidiaries 5,233 
Stockholders' equity 7,240 
 
Total liabilities and stockholders' equity $ 13,505