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NATIONAL INCOME REALTY TRUST ANNOUNCES INCREASE OF SHARE REPURCHASE PLAN

NATIONAL INCOME REALTY TRUST ANNOUNCES INCREASE OF SHARE REPURCHASE PLAN
 DALLAS, Nov. 5 /PRNewswire/ -- The board of trustees of National Income Realty Trust (NASDAQ: NIRTS) today announced it authorized the trust to expand its share repurchase program by 100,000 shares. The repurchase program was originally announced on Dec. 5, 1989.
 The trustees of National Income had previously authorized the trust to repurchase a total of 426,667 shares of beneficial interest. National Income is now authorized to repurchase a total of 526,667 of its shares, 430,765 of which have been purchased as of today.
 "The board of trustees believes the shares of National Income are currently undervalued by the market and that repurchase of the shares represents an excellent opportunity for above-average returns to the trust," said a spokesperson for the trust.
 National Income Realty Trust is a combination mortgage and equity real estate investment trust which operates nationwide.
 -0- 11/5/92
 /CONTACT: Jean Krone Bono of National Income Realty Trust, 214-692-4800/
 (NIRTS) CO: National Income Realty Trust ST: Texas IN: FIN SU:


CK -- NY053 -- 3003 11/05/92 10:53 EST
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Publication:PR Newswire
Date:Nov 5, 1992
Words:186
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