MSA REALTY CORP <SSS> 4TH QTR NET
Shr profit four cts vs loss two cts
    Net profit 247,970 vs loss 57,341
    Revs 2,393,622 vs 2,627,612
    Avg shrs 5,958,432 vs 2,440,100
    Year
    Shr profit 71 cts vs loss 35 cts
    Net profit 3,213,310 vs loss 849,180
    Revs 14.6 mln vs 9,099,767
    Avg shrs 6,177,666 vs 2,440,083
    NOTE: 1986 4th qtr and yr net includes a loss of 85,000
dlrs and a gain of 250,000 dlrs, respecitvely, for
extraordinary item.
    1986 net assumes all warrants exercised for the 2nd qtr
only. The adjustment to second quarter income for earnings per
share was 1,175,000 dlrs.
 Reuter
