Meridian Point Realty Trust VI Co. announces 1994 operating results

Business Wire, April 3, 1995

SAN FRANCISCO--(BUSINESS WIRE)--April 3, 1995--Meridian Point Realty Trust VI Co. (AMEX:MPF and MPFpr), an equity real estate investment trust, today announced operating results for the year ended Dec. 31, 1994.

The company generated funds from operations of $2,728,656, or $0.337 per share, and $2,512,338, or $0.310 per share for the years ended Dec. 31, 1994 and 1993, respectively. Funds from operations is the primary earnings measure for the REIT industry.

The increase in funds from operations during 1994 of $216,318 was primarily due to: (i) a decrease of approximately $260,000 in interest expense resulting from decreasing interest rates and principal payments made to the company's insurance facility in 1994 and (ii) an increase of over $100,000 in the company's pro-rata share of funds from operations of the unconsolidated joint venture. The increase was partially offset by lower property operating results, decreases in percentage rents collected and higher property taxes.

As of Dec. 31, 1994, the company's properties were 97% occupied, compared with 91% at the end of 1993.

Meridian Point Realty Trust VI Co. owns 32 industrial properties and two retail centers totaling approximately 2 million square feet of leasable space. The properties are located in major markets in Illinois, California, Tennessee, Arizona, Texas, Mississippi, Alabama and Washington. -0-

             Meridian Point Realty Trust VI Co. (AMEX:MPF and MPFpr)
                              Financial Highlights
                                Operating Results