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AMERICAN REALTY TRUST, INC. REPORTS FIRST QUARTER RESULTS

 AMERICAN REALTY TRUST, INC. REPORTS FIRST QUARTER RESULTS
 DALLAS, May 22 /PRNewswire/ -- American Realty Trust, Inc. (NYSE: ARB) reported a net loss of $2.1 million, or 92 cents per share, on revenues of $2.4 million for the quarter ended March 31, 1992. This compares with a loss of $2.1 million, or 98 cents per share, on revenues of $3.1 million for the first quarter of 1991.
 American Realty recorded a $537,000 provision for loss in the first quarter of 1992 and a gain on sale of real estate of $75,000. The company had no such provisions or gains in the comparable quarter of 1991.
 American Realty Trust, Inc. is a combination mortgage and equity real estate investment company which operates nationwide.
 AMERICAN REALTY TRUST, INC.
 Financial Highlights
 (in thousands, except share and per share data)
 For the three months
 ended March 31, 1992 1991
 Total revenue $ 2,356 $ 3,092
 (Loss) before gain on sale of real estate (2,191) (2,084)
 Gain on sale of real estate 75 -
 Net (loss) $ (2,116) $ (2,084)
 Earnings per share
 Net (loss) $ (0.92) $ (0.98)
 Weighted avg. com. shares used in
 computing earnings per share 2,293,865 2,117,740
 -0- 5/22/92
 /CONTACT: Jean Krone Bono, investor relations of Amercian Realty Trust, Inc., 214-692-4800/
 (ARB) CO: American Realty Trust ST: Texas IN: FIN SU: ERN


AH -- NY042 -- 3382 05/22/92 14:31 EDT
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Publication:PR Newswire
Date:May 22, 1992
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