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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 THIRD QUARTER AND NINE MONTHS ENDED SEPT. 30, 1992
 NEW YORK, Oct. 28 /PRNewswire/ -- Rockefeller Center Properties, Inc. ("RCPI") (NYSE: RCP), announced today net income for the third quarter of 1992 of $9,042,000, or 24 cents per share, on revenues of $30,597,000. For the same period in 1991, the company reported net income of $9,273,000, or 25 cents per share, on revenues of $30,870,000.
 Net income for the nine months was $30,967,000, or 83 cents per share, compared to 77 cents for the same period in 1991. The results for the nine months of 1992 include an extraordinary gain of $2,537,000, or 7 cents per share, resulting from the repurchase of convertible debentures at a discount under carrying value during the first quarter of 1992.
 RCPI noted that the revenue decline in both the current quarter and nine-month period was due primarily to lower income earned on portfolio securities. Portfolio income for each of these periods declined by $411,000 and $863,000 from the prior year periods as a result of investment redemptions and maturities. RCPI further reported that interest income earned on its mortgage loan receivable increased in both the current quarter and nine-month period by $138,000 and $427,000, respectively, versus comparable 1991 results, due to a scheduled increase in the annualized interest rate on the mortgage loan. Mortgage interest income accounts for approximately 88 percent of RCPI's revenues.
 RCPI also announced that net cash provided by operating and investing activities was $60,770,000 and $51,403,000 for the nine months ended Sept. 30, 1992 and 1991, respectively. The increase was principally due to unanticipated redemptions by issuers of several of RCPI's securities portfolio investments.
 ROCKEFELLER CENTER PROPERTIES, INC.
 Quarter to Sept. 30 1992 1991
 Revenues $30,597,000 $30,870,000
 Net income $ 9,042,000 $ 9,273,000
 Net income per share $.24 $.25
 Nine months to Sept. 30 1992 1991
 Revenues $91,784,000 $92,220,000
 Income before extraordinary gain 28,430,000 28,755,000
 Extraordinary gain 2,537,000 38,000
 Net income $30,967,000 $28,793,000
 Income per share before extraord. gain $.76 $.77
 Extraordinary gain per share .07 --
 Net income per share $.83 $.77
 Per share earnings are based on 37,510,000 shares of common stock outstanding. The company's common stock is listed on the New York Stock Exchange under the symbol RCP.
 -0- 10/28/92
 /CONTACT: Stephanie Leggett Young of Rockefeller Center Properties, 212-841-7760/
 (RCP) CO: Rockefeller Center Properties, Inc. ST: New York IN: FIN SU: ERN


GK-KW -- NY081 -- 6053 10/28/92 13:20 EST
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Date:Oct 28, 1992
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