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BRESLER & REINER, INC., REPORTS THIRD QUARTER EARNINGS

 BRESLER & REINER, INC., REPORTS THIRD QUARTER EARNINGS
 WASHINGTON, Nov. 13 /PRNewswire/ -- Bresler & Reiner, Inc. (OTC), reported net income of $78,000, or 3 cents per share, for the three months ended Sept. 30, 1992, on revenues of $6,667,000. For the comparable period in 1991 the company earned $18,000, or 1 cent per share, on revenues of $7,968,000.
 For the nine months ended Sept. 30, 1992, the company reported net income of $494,000, or 18 cents per share, on revenues of $22,866,000. In the 1991 first nine months it reported net income of $818,000, or 29 cents per share, on revenues of $23,284,000.
 Charles S. Bresler, chairman of the board, said the 1992 third quarter results reflect continuing lower home sales and lower occupancy in the company's apartment properties and motel.
 Bresler & Reiner, Inc., engages in residential land development and construction directly and through joint ventures, operates a motel, apartment and office projects and a shopping mall/office complex in the Washington metropolitan area. The company also owns a nursing home and operates an equipment leasing business.
 BRESLER & REINER, INC.
 Financial Summary
 Nine Months Ended Sept. 30, 1992 1991
 Revenues $22,866,000 $23,284,000
 Costs of Sales & Expenses 21,866,000 22,013,000
 Income Before Taxes 1,000,000 1,271,000
 Provision for Taxes 268,000 444,000
 Minority Interest in Earnings
 (Losses) of Subsidiaries 238,000 9,000
 Net Income 494,000 818,000
 Earnings Per Common Share $0.18 $0.29
 Weighted Average of Shares
 Outstanding 2,836,653 2,839,301
 -0- 11/13/92
 /CONTACT: Philip Friedman, treasurer, Bresler & Reiner, 202-488-8800/ CO: Bresler & Reiner, Inc. ST: District of Columbia IN: SU: ERN


TW -- DC010 -- 0672 11/13/92 11:53 EST
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Date:Nov 13, 1992
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