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O.C. BUSINESS PLUS | ORANGE COUNTY EARNINGS

Pacific Gulf Properties Inc.

November 08, 2000

The Newport Beach real estate investment trust reported third-quarter net income of $8.3 million, or 39 cents a share, up 8% from $7.7 million, or 38 cents a share, a year ago. Revenue increased 10% to $34.9 million.

Shareholders are scheduled to meet Thursday to vote on a plan to sell Pacific Gulf's assets and liquidate the company.

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