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ROYALE INVESTMENTS, INC. REPORTS THIRD QUARTER RESULTS

 ROYALE INVESTMENTS, INC. REPORTS THIRD QUARTER RESULTS
 MINNEAPOLIS, Oct. 12 /PRNewswire/ -- Royale Investments, Inc.,


(NASDAQ: RLIN) today reported net income of $38,767 or 7 cents per share for the third quarter ended Sept. 30, compared with a loss in the same period last year.
 Revenues climbed to $257,372 in the third quarter on the strength of the first full quarter of rental income from two Cub Foods Stores purchased by Royale in June. The stores are the first properties acquired by Royale, a Minneapolis-based real estate investment trust that completed its initial public offering last December. The company had no revenues in the third quarter last year.
 Net income for the nine months ended Sept. 30 was $138,239 or 19.5 cents per share, compared with a loss of $197,370 a year earlier. Revenues for the nine months were $381,239, compared with none last year.
 Royale Investments was organized to acquire income-producing commercial real estate properties, primarily discount food superstores.
 ROYALE INVESTMENTS, INC.
 3 months ended 9 months ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 Revenues $257,372 -- $381,239 --
 Net income (loss) $49,271 $(57) $138,370 $(197,565)
 Net income per share $.07 -- $.195 --
 Common shares
 outstanding 710,000 -- 710,000 --
 -0- 10/12/92
 /CONTACT: Tom Langenfeld of Swenson Falker Eilertsen Inc., 612-371-0000 or Vernon Beck of Royale Investments, Inc., 612-920-4078/
 (RLIN) CO: Royale Investments, Inc. ST: Minnesota IN: FIN SU: ERN


KH -- MN013 -- 8930 10/12/92 15:47 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 12, 1992
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