HRE PROPERTIES <HRE> 1ST QTR ENDS JAN 31 NET
Shr 38 cts vs 47 cts
    Net 2,253,664 vs 2,806,820
    Revs 5,173,318 vs 5,873,904
    NOTE: 1987 qtr includes 126,117 dlrs, or two cts per share,
from gains on sale of property, vs gain 29,812, or less than
one cent per share, for prior qtr.
 Reuter
