BTR Realty Inc... .. .. .. .. .. ..Ticker...

EARNINGS

May 22, 1993

BTR Realty Inc.

.. .. .. .. .. .. ..Ticker.. .. .. .. .. .. Yesterday's

.. .. .. .. .. .. ..Symbol.. .. .. .. .. .. Cls.. .. ... .. .. ..Chg.

.. .. .. .. .. .. ..BTRIC.. .. .. .. .. .. . 3 1/16.. .. .. .. .-1/16

Period ended

March 31.. .. .. .. 1st qtr.. .. .. .. .. .. Year ago.. .. .. .. Chg.

Revenue .. .. .. .. $5,268.. .. .. .. .. .. $5,611 .. .. .. .. ..6.1%

Net Income .. .. .. $(383).. .. .. .. .. .. $1,058*.. .. .. .. .. --

Primary EPS .. .. ..$(0.05).. .. .. .. .. ..$0.12*.. .. .. .. . --

* Includes $1.29 million gain from a change in accounting for income taxes.

=1 Figures in thousands (except per share data.)

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