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PACESETTER BUSINESS PROPERTIES REPORTS JUNE 30, 1992 RESULTS

 PACESETTER BUSINESS PROPERTIES REPORTS JUNE 30, 1992 RESULTS
 NEWPORT BEACH, Calif., Aug. 14 /PRNewswire/ -- Pacesetter Business Properties reported a net loss of $459,000, or $.30 per share, on revenues of $1,103,000 for the quarter ended June 30, 1992, compared to a net loss of $427,000, or $.28 per share, on revenues of $1,310,000 for the same period in 1991, Steven R. Strauss, president, announced today.
 The pre-tax losses for Pacesetter Business Properties include depreciation expense of $233,000 and $290,000 for the quarters ended June 30, 1992 and 1991, respectively, on rental operating properties held by the company for investment.
 PACESETTER BUSINESS PROPERTIES
 Financial Summary
 For the quarters ended
 June 30,
 1992 1991
 Total revenues $1,103,000 $1,310,000
 Net loss ($459,000) ($427,000)
 Net loss per common share ($0.30) ($0.28)
 For the six months ended
 June 30,
 1992 1991
 Total revenues $3,807,000 $2,613,000
 Net loss ($849,000) ($835,000)
 Net loss per common share ($0.55) ($0.54)
 -0- 8/14/92
 /CONTACT: Diana Waller or Steven Strauss, president, of Pacesetter Business Properties, 714-852-1184/ CO: Pacesetter Business Properties ST: California IN: SU: ERN


JL-JB -- LA015 -- 0046 08/14/92 13:21 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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