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Hallwood Realty Partners, L.P. Announces First Quarter 1997 Financial Results
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PR Newswire
- Article date:
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May 12, 1997
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Copyright informationCOPYRIGHT 1997 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS, May 12 /PRNewswire/ -- Hallwood Realty Partners, L.P. (AMEX: HRY) announced today its financial results for the quarter ended March 31, 1997. It had net income of $68,000 ($0.04 per unit) for first quarter of 1997, compared to a net loss of $2,520,000 ($1.43 per unit) for the first quarter of 1996. The results included $2,983,000 and $4,713,000 of non-cash depreciation and amortization expense in the 1997 and 1996 periods, respectively.
Total revenues increased $476,000, or 3.8, in the first quarter of 1997 from last year's first quarter, primarily as the result of a rise in rental income due to average occupancy gains between the periods 89.2 to 92.0. ...
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