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AMERICAN REALTY TRUST REPORTS SECOND-QUARTER RESULTS

 AMERICAN REALTY TRUST REPORTS SECOND-QUARTER RESULTS
 NEW YORK, Nov. 14 /PRNewswire/ -- American Realty Trust, Inc.


(NYSE: ARB) today announced operating results for the second quarter of 1991.
 The company reported a net loss of $1.3 million, or 63 cents per share, on revenues of $3.6 million for the period ending June 30, 1991. This compares with income of $483,000, or 23 cents per share, on revenues of $4.5 million for the second quarter of 1990.
 The 1991 results include a gain on sale of real estate of $256,000 compared with a $330,000 gain during the second quarter of 1990.
 For the six months ended June 30, 1991, the company recorded a net loss of $3.4 million, or $1.61 per share, on revenues on $6.7 million, compared with a net loss of $2.3 million, or $1.08 per share, on equivalent revenue in the first half of 1990.
 AMERICAN REALTY TRUST, INC.
 Financial Highlights
 (In thousands, except share and per-share data)
 Periods ended Three months Six months
 June 30 1991 1990 1991 1990
 Revenues $3,599 $4,516 $6,691 $6,699
 Net income (loss) before
 gain from sale of
 properties (1,586) 153 (3,670) (2,618)
 Gain from sale of
 properties 256 330 256 330
 Net income (loss) (1,330) 483 (3,414) (2,288)
 Per share $(0.63) $0.23 $(1.61) $(1.08)
 Weighted average shares
 outstanding 2,117,501 2,118,357 2,117,720 2,118,520
 -0- 11/14/91
 /CONTACT: Jean Krone Bono, 214-692-4800, for American Realty Trust/
 (ARB) CO: American Realty Trust Inc. ST: New York IN: FIN SU: ERN CK -- NY038 -- 4357 11/14/91 10:57 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 14, 1991
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