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ROUSE COMPANY REPORTS RESULTS

 ROUSE COMPANY REPORTS RESULTS
 COLUMBIA, Md., May 15 /PRNewswire/ -- The Rouse Company


(NASDAQ: ROUS) of Columbia today released its first quarter interim report to shareholders for the three months ended March 31, 1992.
 Total earnings before depreciation and deferred taxes were $10,874,000 in 1992's January through March period, up slightly from $10,686,000 a year ago. Earnings before depreciation and deferred taxes from operating properties were $12,410,000, also slightly ahead of the $12,366,000 recorded last year. The net loss (after deducting depreciation, amortization and deferred taxes) was $2,530,000 compared to 1991's first quarter net loss of $3,524,000 (before revision for a one-time earnings benefit of $13,463,000 as a result of a change in accounting for income taxes).
 In the company's quarterly report, Chairman, President and Chief Executive Officer Mathias J. DeVito, stated, "Our first quarter results represent a good start to the year. Retail centers performed very well, and Columbia land sales were ahead of our expectations. Although the economy remains sluggish and consumer confidence remains at low levels, the company is in a strong, liquid financial condition, and we are confident that 1992 will be a good year, particularly if, as we expect, the economy and retail sales rebound in the second half of the year."
 -0- 5/15/92
 /CONTACT: David L. Tripp of Rouse, 301-992-6546/
 (ROUS) CO: Rouse Company ST: Maryland IN: FIN SU: ERN


CK-OS -- NY053 -- 0714 05/15/92 11:47 EDT
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Publication:PR Newswire
Date:May 15, 1992
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