Printer Friendly

ROCKEFELLER CENTER PROPERTIES, INC. ANNOUNCES RESULTS OF OPERATIONS FOR THE YEAR END AND FOURTH QUARTER, 1991

 ROCKEFELLER CENTER PROPERTIES, INC. ANNOUNCES RESULTS OF OPERATIONS
 FOR THE YEAR END AND FOURTH QUARTER, 1991
 NEW YORK, Jan. 21 /PRNewswire/ -- Rockefeller Center Properties, Inc. (RCPI) (NYSE: RCP) announced today net income for the year 1991 of $38,327,000, or $1.02 per primary share, on revenues of $123,182,000. The company also reported fourth quarter net income of $9,534,000 or $.25 per primary share, on revenues of $30,962,000. Primary share earnings are based on 37,510,000 shares of common stock outstanding. The 1991 year end and fourth quarter results of operations are unaudited at this time.
 For 1990, the company reported net income of $37,339,000, or $1.00 per primary share, on revenues of $123,513,000, and fourth quarter net income of $9,380,000, or $.25 per primary share, on revenues of $31,024,000. RCPI stated that the increase in earnings is primarily due to a small gain on debt extinguishment in 1991 as compared to a loss on debt extinguishment for 1990, as well as a decrease in interest expense due to lower interest rates. These items were partially offset by lower portfolio income due to a reduced portfolio size.
 During 1991, RCPI paid dividends of $1.92 per share, of which 46.78 percent, or approximately $.90 per share, represented a return of capital to the stockholders.
 RCPI also announced that net cash provided by operating and investing activities was $75,109,000 for 1991, as compared to $79,518,000 for 1990.
 ROCKEFELLER CENTER PROPERTIES, INC.
 Period ended Year Quarter
 Dec. 31 1991 1990 1991 1990
 Revenues $123,182,000 $123,513,000 $30,962,000 $31,024,000
 Net income $38,327,000 $37,339,000 $9,534,000 $9,380,000
 Net income per
 primary share $1.02 $1.00 $0.25 $0.25
 -0- 1/21/92
 /CONTACT: Stephanie Leggett Young of Rockefeller Center Properties, 212-841-7760/
 (RCP) CO: Rockefeller Center Properties Inc. ST: New York IN: FIN SU: ERN


FC-SM -- NY035 -- 1718 01/21/92 10:32 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 21, 1992
Words:347
Previous Article:PAINEWEBBER POSTS RECORD FOURTH QUARTER AND YEAR END RESULTS; FOURTH SUCCESSIVE QUARTERLY INCREASE IN PROFITS
Next Article:HARLAND REPORTS 42ND CONSECUTIVE YEAR OF SALES GAINS
Topics:


Related Articles
NATIONWIDE HEALTH PROPERTIES INC. ANNOUNCES 8 PERCENT INCREASE IN YEAR-END OPERATING EARNINGS PER SHARE
HEALTH EQUITY ANNOUNCES RESULTS FOR FOURTH QUARTER OF 1991
SIZELER PROPERTY INVESTORS REPORTS RESULTS
UNITED DOMINION REALTY TRUST REPORTS FOURTH QUARTER AND FULL YEAR 1991 RESULTS
SIZELER PROPERTY INVESTORS REPORTS QUARTERLY RESULTS
ROCKEFELLER CENTER PROPERTIES ANNOUNCES RESULTS OF OPERATIONS FOR THE SECOND QUARTER AND SIX MONTHS ENDED JUNE 30, 1992
SIZELER PROPERTY INVESTORS ANNOUNCES RESULTS
ROCKEFELLER CENTER PROPERTIES, INC. ANNOUNCES RESULTS OF OPERATIONS FOR THE THIRD QUARTER AND NINE MONTHS ENDED SEPT. 30, 1992
ROCKEFELLER CENTER PROPERTIES, INC. ANNOUNCES RESULTS OF OPERATIONS FOR THE YEAR END AND FOURTH QUARTER, 1992
NATIONWIDE HEALTH PROPERTIES INC. ANNOUNCES 28 PERCENT INCREASE IN YEAR-END OPERATING EARNINGS PER SHARE

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters