KENT Kent Financial Services, Inc. (MM)

KENT FINANCIAL SERVICES, INC. ("Kent") (NASDAQ: KENT) reported a net loss for the three months ended March 31, 2010 of $155,747 or $.06 per share, compared to a net loss of $106,728, or $.04 per share, for the comparable period in 2009.

Kent has 2,759,076 shares outstanding.

This 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 Financial Services cautions investors not to place undue reliance on forward-looking statements, which speak only to management's expectations on this date. Per share earnings reported in the text of the news release are fully diluted earnings per share.

                     KENT FINANCIAL SERVICES, INC.
                 CONSOLIDATED STATEMENTS OF OPERATIONS
                             (Unaudited)

                                                    Three Months Ended
                                                        March 31,
                                                --------------------------
Revenues:                                           2010          2009
                                                ------------  ------------
  Interest and dividend revenue                 $        859  $      7,557
  Investing gains (losses)                            (2,088)
  Other income                                         4,875         2,409
                                                ------------  ------------

    Total revenues                                     3,646         9,966

Expenses:
  General and administrative                         204,611       213,418
                                                ------------  ------------

Loss from continuing operations before income
 taxes                                              (200,965)     (203,452)
Provision for income tax expense                      (1,812)
                                                ------------  ------------

Loss from continuing operations                     (202,777)     (203,452)

Discontinued operations:
  Income (loss) from discontinued operations
   before income taxes                                  (884)       81,972
  Income tax expense                                    (541)       (1,613)
                                                ------------  ------------

Income from discontinued operations                   (1,425)       80,359
                                                ------------  ------------

Net loss                                            (204,202)     (123,093)

Add: net loss attributable to noncontrolling
 interest                                             48,455        16,365
                                                ------------  ------------

Net loss attributable to Kent Financial
 Services shareholders'                             (155,747)     (106,728)

Other comprehensive income (loss):
  Unrealized loss on available for sale
   securities                                         (2,021)      (19,433)
                                                ------------  ------------

Comprehensive loss                              $   (157,768) $   (126,161)
                                                ============  ============

Basic and diluted net loss per common share:
Loss from continuing operations                 $      (0.06) $      (0.07)
Income from discontinued operations, net                   -          0.03
                                                ------------  ------------

Net loss per share                              $      (0.06) $      (0.04)
                                                ============  ============

Weighted average number of common shares
 outstanding                                       2,759,085     2,759,293
                                                ============  ============




                  CONDENSED CONSOLIDATED BALANCE SHEETS
                AS OF MARCH 31, 2010 AND DECEMBER 31, 2009

                                                  March 31,
                                                    2010      December 31,
                                                 (Unaudited)      2009
                                                ------------- -------------
ASSETS

Current Assets:
  Cash and cash equivalents                     $  10,951,543 $  11,156,027
  Marketable securities                                42,119        53,604
  Other current assets                                 37,666        22,744
                                                ------------- -------------

    Total current assets                           11,031,328    11,232,375

Other assets                                           16,000        16,000
                                                ------------- -------------

    Total assets                                $  11,047,328 $  11,248,375
                                                ============= =============

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities                             $     190,686 $     185,416
Noncurrent liabilities                                720,000       720,000
                                                ------------- -------------

    Total liabilities                                 910,686       905,416
                                                ------------- -------------

Kent Financial Services shareholders' equity        5,576,093     5,733,955
Noncontrolling interest in subsidiaries             4,560,549     4,609,004
                                                ------------- -------------

    Total stockholders' equity                     10,136,642    10,342,959
                                                ------------- -------------

    Total liabilities and stockholders' equity  $  11,047,328 $  11,248,375
                                                ============= =============

Direct Inquiries To: Paul O. Koether Chairman (682) 738-8112