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VALLEY EARNINGS

Mortgage Investments Lists $1.6-Million Quarter

July 15, 1986

Mortgage Investments Plus, a real estate investment trust based in Woodland Hills, earned $1.6 million, or 18 cents a share, on revenue of $2.9 million in the second quarter. Figures from the same period a year ago aren't comparable because the company started operations July 9, 1985.

MIP has an investment portfolio of more than $119 million.

For the six months ended June 30, MIP earned $3.5 million, or 38 cents a share, on revenue of $5.5 million.

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