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THE PRICE REIT INC. ANNOUNCES 40-FOR-1 STOCK SPLIT

 THE PRICE REIT INC. ANNOUNCES 40-FOR-1 STOCK SPLIT
 SAN DIEGO, May 5 /PRNewswire/ -- The Price REIT Inc. (NASDAQ: PRET)


announced a stock split of 40-for-1 payable May 29, 1992, to those shareholders of record on the close of business May 22, 1992.
 The Price REIT is a real estate investment trust which went public in December of 1991 with an initial public offering of $1,000 per share. The Price REIT paid a first quarter dividend of $22.50 per share on March 31, 1992. After the stock split there will be 2,928,000 shares outstanding.
 The Price REIT owns more than $135 million in assets consisting of investments in 12 properties totaling more than 2 million square feet.
 -0- 5/5/92
 /CONTACT: Bill Birdsall, president of The Price REIT, 619-551-2318/
 (PRET) CO: The Price REIT Inc. ST: California IN: FIN SU:


JL-EH -- SD002 -- 6478 05/05/92 11:02 EDT
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Publication:PR Newswire
Date:May 5, 1992
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