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REALTY SOUTH CLARIFIES REPORTED RESULTS

 REALTY SOUTH CLARIFIES REPORTED RESULTS
 ATLANTA, Nov. 8 /PRNewswire/ -- Realty South Investors, Inc.


(AMEX: RSI) today issued a clarification of earlier reported results.
 The company previously reported earnings per share for the six and three months ended June 30 as $0.049 and $0.00, respectively, and for the nine and three month periods ended Sept. 30 as $0.065 and $0.17, respectively. These reports were based on earnings computations without deduction of dividends paid on the company's outstanding cumulative preferred stock. Deducting such dividends before computing earnings (loss) per share results in earnings (loss) per share of $0.015 and ($0.029) for the six and three month periods ended June 30, respectively, and $0.002 and ($0.013) for the nine and three month periods ended Sept. 30, respectively. The previously reported figures for revenues and net income for all periods remain unchanged.
 Realty South Investors, Inc. invests in real estate projects in the Southeast with an investment portfolio of $30 million.
 -0- 11/8/91
 /CONTACT: A.P. Chambliss III of Realty South, 404-240-4114/
 (RSI) CO: Realty South Investors, Inc. ST: Georgia IN: SU: ERN BR-BN -- AT006 -- 2660 11/08/91 15:18 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 8, 1991
Words:198
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