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Non-Tech : Fog Cutter Capital, formerly Wilshire REIT -- Ignore unavailable to you. Want to Upgrade?

To: leigh aulper who wrote (30)	10/26/2000 4:50:32 PM
From: leigh aulper	Read Replies (1) \| Respond to of 44

Wilshire Real Estate Investment Inc. Reports Third Quarter Income of $0.04 Per Share PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 26, 2000--Wilshire Real Estate Investment Inc. (Nasdaq:WREI), an opportunistic investment group specializing in mortgage and real estate related assets, reports net income of $0.4 million or $0.04 per share for its third quarter ended September 30, 2000. For the nine months ended September 30, 2000, the Company earned $5.3 million or $0.51 per share. For the three and nine months ended September 30, 1999, the Company incurred a net loss of $0.82 and $2.42 per share, respectively. At September 30, 2000, the Company's book value was $52.1 million or $4.96 per share, excluding any future benefits of net operating loss carryforwards.