Printer Friendly

BURGER KING INVESTORS MASTER L.P. ANNOUNCES EARNINGS

 MINNEAPOLIS, Nov. 10 /PRNewswire/ -- Burger King Investors Master L.P. (NYSE: BKP) announced that net income allocable to unitholders for the quarter ended Sept. 30, 1993 was $1,278,470 or $.28 per unit (after a two cents per unit asset write down), compared with $1,260,762 or $.27 per unit last year.
 Funds generated from operations (taxable net income plus depreciation and amortization) for the quarter amounted to $.43 per unit, up two cents per unit from the third quarter of 1992.
 Revenues for the third quarter of 1993 were $2,248,966, up .4 percent from last year's $2,240,306.
 During the quarter, two non-operating properties were sold for $1,130,000, slightly less than their book value.
 BURGER KING INVESTORS MASTER L.P.
 (000 except per units)
 Three Months Ended Nine Months Ended
 9/30/93 9/30/92 9/30/93 9/30/92
 Revenues $2,249 $2,240 $6,237 $6,400
 Operating expenses 944(a) 954 2,861(a) 4,606(b)
 Net income $1,305 $1,286 $3,376 $1,794
 Net income allocable
 to unitholders 1,278 1,261 3,309 1,758
 Net income per unit $.28 $.27 $.71 $.38
 Funds from
 operation per unit
 (tax basis)(c) $.43 $.41 $1.15 $1.16
 Per unit amounts are based on 4,635,000 units outstanding.
 (a) Includes provision for asset write down of $74 for the three months and nine months ended Sept. 30, 1993.
 (b) Includes provisions for write down of properties of $1,773 for the nine months ended Sept. 30, 1992.
 (c) Taxable operating income plus depreciation and amortization.
 -0- 11/10/93
 /CONTACT: Kayla Schoo of Burger King Investors Master Limited Partnership, 612-330-5370/
 (BKP)


CO: Burger King Investors Master Limited Partnership ST: Minnesota IN: REA SU: ERN

CP-AL -- MN013 -- 2787 11/10/93 13:08 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 10, 1993
Words:311
Previous Article:PILLSBURY'S FOODSERVICE UNIT ACQUIRES ROUSH PRODUCTS CO.; DEAL INCLUDES COUNTRY HEARTH BRAND
Next Article:HOFFMANN-LA ROCHE REDUCES AIR EMISSIONS BY 90 PERCENT; FULFILLS PLEDGE TO EMPLOYEES, NEIGHBORS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters