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                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, February 9, 1993                   TAG: 9302090059
SECTION: BUSINESS                    PAGE: A-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

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EARNINGS

United Dominion

United Dominion Realty Trust Inc., Richmond owner of apartments and industrial property in Roanoke and Salem, on Monday reported fourth-quarter funds from operations of $6.7 million, or 38 cents per share, up 32 percent from $5.1 million, or 39 cents per share, a year earlier. Rental income was $17.1 million, income from property operations was $10 million and net income was $695,000. For the 1991 quarter, rental income was $14.1 million, income from property operations was $8.4 million and net income was $999,000.

For the year, funds from operations were $24.2 million, or $1.40 per share, up 41 percent from $17.2 million, or $1.39 per share, in 1991. For 1992, rental income was $63.2 million, income from property operations was $36.7 million and net income was $6.3 million. For 1991, rental income was $51.3 million, income from property operations before depreciation was $30.3 million and net income was $3.6 million.

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