BTR Realty Inc.

BY THE NUMBERS

March 31, 1992

The Linthicum-based real estate development company said it lost $2.3 million in the fourth quarter of 1991, mostly because of writing off development costs related to abandoned projects.

The company lost more than $3.1 million in the fourth quarter of 1990, also because of write-offs.

The losses were smaller -- $1.3 million for the last quarter of 1991 -- excluding depreciation, amortization and deferred taxes. Like some other publicly traded developers, BTR says the latter figure more accurately shows its condition, since real estate projects usually don't depreciate at the rate accounting rules allow for the write-off of land assets.

BTR noted, hoever, that its net asset value per share fell to $7.68 at year's end from $9.52 a share a year earlier. BTR's stock closed yesterday at $2.125 a share, unchanged, in over-the-counter trading.

Three months ended 12/31/91

.. .. .. .. Revenue .. .. .. Net .. .. .. .. Share

'91.. .. .. 5,909,173. .. ..(2,313,154). ..(0.27)

'90.. .. ..5,084,002. .. ..(3,152,799). ..(0.37)

% change .. ... +16.2. .. .. .. .. .. --. .. ... --

Twelve months ended 12/31/91

.. .. .. .. Revenue .. .. .. Net .. .. .. .. Share

'91.. .. ..22,779,812 .. ..(4,688,646). ..(0.55)

'90.. .. ..20,366,006 .. ..(6,374,172). ..(0.74)

% change .. .. . +11.9 .. .. .. .. .. --. .. ... --

@

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.