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BURGER KING INVESTORS MASTER L.P. ANNOUNCES EARNINGS

 BURGER KING INVESTORS MASTER L.P. ANNOUNCES EARNINGS
 MINNEAPOLIS, Nov. 6 /PRNewswire/ -- Burger King Investors Master


L.P. (NYSE: BKP) announced net income allocable to unitholders for the quarter ended Sept. 30, 1992 of $1,260,762 or $.27 per unit versus net income allocable to unitholders of $1,432,285 or $.31 per unit last year.
 Funds generated from operations (taxable net income plus depreciation and amortization) for the quarter amounted to $.41 per unit, down $.03 from the $.44 generated during the third quarter last year.
 Revenues for the third quarter of 1992 were $2,240,306, down 4.6 percent from last year's $2,347,210.
 The partnership previously announced a cash distribution of $.39 per unit payable on Dec. 14, 1992, to unitholders of record on Dec. 7, 1992.
 BURGER KING INVESTORS MASTER L.P.
 (In thousands except per units)
 Three Months Ended Nine Months Ended
 9/30/92 9/30/91 9/30/92 9/30/91
 Revenues $2,240 $2,347 $6,400 $6,580
 Operating expenses 954 886 4,606(b) 3,802(b)
 Net income $1,286 $1,461 $1,794 $2,778
 Net income allocable to
 unitholders $1,261 $1,432 $1,758 $2,722
 Net income per unit (a) $.27 $.31 $.38 $.59
 Funds from operations per
 unit (tax basis)(a)(c) $.41 $.44 $1.16 $1.20
 (a) Based on 4,635,000 units outstanding.
 (b) Includes provision for write down or disposition of properties of $1,773 and $943 for the nine months ended Sept. 30, 1992 and 1991, respectively.
 (c) Taxable operating income plus depreciation and amortization.
 -0- 11/6/92
 /CONTACT: Kayla Peterson of Burger King Investors, 612-330-8345/
 (BKP) CO: Burger King Investors Master Limited Partnership ST: Minnesota IN: SU: ERN


AL -- MN006 -- 8189 11/06/92 12:39 EST
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Publication:PR Newswire
Date:Nov 6, 1992
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