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ICM PROPERTY INVESTORS INCORPORATED ANNOUNCES RESULTS FOR FIRST QUARTER AND OTHER NEWS

 LAFAYETTE, Calif., April 15 /PRNewswire/ -- ICM Property Investors Incorporated (NYSE: ICM) announced today its results of operations for the quarter ended March 31, 1993. The real estate investment trust reported a net loss for financial reporting purposes of $82,000 (1 cent per share). This compares with a net loss of $1,052,000 (18 cents per share) for the same period last year.
 ICM PROPERTY INVESTORS
 (Unaudited)
 First quarter ended March 31 1993 1992
 Net loss $ (82,000) $ (1,052,000)
 Net loss per share $ (.01) $ (.18)
 The company also announced that its annual meeting of stockholders will be held on Wednesday, June 9, 1993, at 3 p.m. PDT, in the Santa Rosa Room at the Doubletree Hotel, 2355 N. Main Street, Walnut Creek, Calif.
 ICM Property Investors is a real estate investment trust with investments in suburban office buildings and industrial properties.
 -0- 4/15/93
 /CONTACT: Peter B. Bedford, chairman and chief executive officer, or Roger J. Galassi, vice president, secretary and treasurer, 510-283-8910, both of ICM Property Investors/
 (ICM)


CO: ICM Property Investors Incorporated ST: California IN: FIN SU: ERN

KD-WB -- NY060 -- 6238 04/15/93 12:15 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
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