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ROYALE INVESTMENTS, INC. REPORTS FIRST QUARTER RESULTS

 MINNEAPOLIS, April 22 /PRNewswire/ -- Royale Investments, Inc., (NASDAQ: RLIN) today reported a loss of $7,428 or 1 cent a share for the first quarter ended March 31, compared with net income of $45,832 or 6.5 cents per share in the same period last year.
 First-quarter revenues were $249,920 this year, primarily rental income from two Cub Foods stores purchased by Royale in the second quarter of 1992 in its initial property acquisition. Last year's first- quarter revenues, consisting entirely of interest income, were $54,771.
 Vernon R. Beck, chief executive officer, said this year's first- quarter income was reduced by costs associated with preparation for the planned acquisition of as many as five additional supermarket properties during 1993. While there is no assurance that these proposed purchases will be completed, Beck said, the company is preparing for a secondary offering of common stock to raise additional capital.
 Royale Investments is a Minneapolis-based real estate investment trust organized to acquire food-related income-producing properties, primarily supermarkets.
 ROYALE INVESTMENTS, INC.
 3 months ended
 March 31
 1993 1992
 Revenues $249,920 $ 54,771
 Net income (loss) $( 7,428) $ 45,832
 Net income per share $(.01) $.065
 Common shares outstanding 710,000 710,000
 -0- 4/22/93
 /CONTACT: Tom Langenfeld of Swenson Falker Eilertsen, 612-371-0000, for Royale Investments; or Vernon R. Beck of Royale Investments, 612-920-4078/
 (RLIN)


CO: Royale Investments, Inc. ST: Minnesota IN: FIN SU: ERN

AL -- MN024 -- 9659 04/22/93 15:56 EDT
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Publication:PR Newswire
Date:Apr 22, 1993
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