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BURGER KING INVESTORS MASTER L.P. ANNOUNCES EARNINGS

 MINNEAPOLIS, Aug. 10 /PRNewswire/ -- Burger King Investors Master L.P. (NYSE: BKP) announced that net income allocable to unitholders for the quarter ended June 30, 1993 was $1,123,158 or $.24 per unit, compared with $1,018,821 or $.22 per unit (after a $.03 per unit asset write down) last year.
 Funds generated from operations (taxable net income plus depreciation and amortization) for the quarter amounted to $.38 per unit, the same as the second quarter of 1992.
 Revenues for the second quarter of 1993 were $2,116,827, down 1.4 percent from last year's $2,147,784.
 On July 15, one of the non-operating properties was sold for $510,000, approximating its book value.
 BURGER KING INVESTORS MASTER L.P.
 Three months ended Six months ended
 6/30/93 6/30/92 6/30/93 6/30/92
 Revenues $2,117 $2,148 $3,988 $4,159
 Operating expenses 971 1,108(a) 1,916 3,651(a)
 Net income $1,146 $1,040 $2,072 $508
 Net income allocable to
 unitholders $1,123 $1,018 $2,030 $497
 Net income per unit $.24 $.22 $.44 $.11
 Funds from operations per
 unit (tax basis)(b) $.38 $.38 $.72 $.75
 Per-unit amounts are based on 4,635,000 units outstanding.
 (a) Includes provisions for write-down of properties of $144 and $1,773 for three months and six months ended June 30, 1992, respectively.
 (b) Taxable operating income plus depreciation and amortization.
 -0- 8/10/93
 /CONTACT: Kayla Peterson of Burger King Investors, 612-330-5370/


CO: Burger King Investors Master L.P. ST: Minnesota IN: SU: ERN

DB -- MN018 -- 1381 08/10/93 17:11 EDT
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Publication:PR Newswire
Date:Aug 10, 1993
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