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PROPERTY TRUST OF AMERICA ANNOUNCES FINANCIAL RESULTS FOR 1992

 EL PASO, Texas, Jan. 22 /PRNewswire/ -- Property Trust of America (NYSE: PTR) today reported financial results today for the 1992 calendar year.
 For the fourth quarter ended Dec. 31, 1992, Funds From Operations ("FFO") were $5,462,000, or $0.22 per share, on total revenues of $11,734,000, as compared to $1,661,000, or $0.17 per share, on total revenues of $4,549,000 for the same period of 1991.
 For the year ended Dec. 31, 1992, FFO was $15,268,000, or $0.79 per share, on total revenues of $32,513,000, as compared to $5,404,000, or $0.76 per share, on total revenues of $15,595,000 for the year ended Dec. 31, 1991. PTR had weighted average shares outstanding of 19,435,000 in 1992, as compared to 7,123,000 in 1991.
 PTR is a real estate operating company focusing on the acquisition, development, operation and long-term ownership of multifamily properties in the southwestern United States.
 PROPERTY TRUST OF AMERICA
 Unaudited Financial Results
 Dec. 31, 1992
 (In thousands, except per share data)
 1992 1991
 Three Twelve Three Twelve
 Months Months Months Months
 Ended Ended Ended Ended
 Dec. 31 Dec. 31 Dec. 31 Dec. 31
 Total revenues $11,734 $32,513 $ 4,549 $15,595
 Funds from operations 5,462 15,268 1,661 5,404
 Net earnings $ 2,839 $ 8,986 $ 332 $ 1,467
 Weighted average
 shares outstanding 25,352 19,435 9,984 7,123
 Per share data:
 Funds from operations $ 0.22 $ 0.79 $ 0.17 $ 0.76
 Net earnings 0.11 0.46 0.03 0.21
 Dividends paid $ 0.175 $ 0.70 $ 0.16 $ 0.64
 -0- 1/22/93
 /CONTACT: John Q. Collins or Jeffrey A. Cozad of Security Capital Group Incorporated, 800-982-9293, for Property Trust of America/
 (PTR)


CO: Property Trust of America ST: Texas IN: SU: ERN

GK -- NY068 -- 8059 01/22/93 16:28 EST
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Date:Jan 22, 1993
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