HRE PROPERTIES &lt;HRE> 1ST QTR ENDS JAN 31 NET

  Shr 38 cts vs 47 cts
      Net 2,253,664 vs 2,806,820
      Revs 5,173,318 vs 5,873,904
      NOTE: 1987 qtr includes 126,117 dlrs, or two cts per share,
  from gains on sale of property, vs gain 29,812, or less than
  one cent per share, for prior qtr.
  

