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THE PRICE REIT INC. ANNOUNCES INCREASED REVENUE AND FUNDS FROM OPERATIONS

 SAN DIEGO, Aug. 3 /PRNewswire/ -- The Price REIT Inc. (NASDAQ-NMS: PRET) today announced that revenues increased 27 percent to $6,067,000 for the three-month period ended June 30, 1993, from $4,786,000 for the three-month period ended June 30, 1992. Funds from operations increased 20 percent to $2,084,000, or $.71 per share, for the three-month period ended June 30, 1993, from $1,738,000, or $.59 per share, for the same period last year. For the six months ended June 30, 1993, total revenues increased 43 percent to $11,762,000, as compared with $8,207,000 for the six-month period ended June 30, 1992. Funds from operations increased 16 percent to $4,213,000, or $1.44 per share, for the six months ended June 30, 1993, from $3,618,000, or $1.24 per share, for the same period last year. The increases in revenues and funds from operations for the 1993 periods were primarily because of operations of properties acquired in the second and fourth quarters of 1992.
 The Price REIT is a self-administered and self-managed real estate investment trust.
 -0- 8/3/93
 /CONTACT: George Jezek of The Price REIT, 619-551-2320/
 (PRET)


CO: The Price REIT Inc. ST: California IN: FIN SU: ERN

LS-LM -- SD005 -- 8697 08/03/93 08:02 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
Words:220
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