The purpose of this amended form is to include the
Financial Data Schedule, exhibit 27.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Quarterly Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
For the quarter ended March 31, Commission file number 0-
1995 7589
USP REAL ESTATE INVESTMENT TRUST
(Exact name of registrant as specified in its charter)
Iowa 42-6149662
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
4333 Edgewood Road N.E., Cedar 52499
Rapids, IA (Zip Code)
(Address of principal executive
offices)
Registrant's telephone number, including area code: (319)
398-8975
N/A
(Former name, address and fiscal year, if changed since last
report)
Indicate by check-mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of
the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes X
No
The number of shares of beneficial interest of the
registrant outstanding at May 10, 1995 was 3,880,000.
EXHIBIT INDEX
Exhibit Item Title or Description
27 Financial Data Schedule
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly
authorized.
USP REAL ESTATE INVESTMENT TRUST
/s/ Alan F. Fletcher
Alan F. Fletcher
Vice President and Treasurer
(principal financial officer)
/s/ Edward J. Kittleson
Edward J. Kittleson
Controller
(principal accounting officer)
Dated: June 1, 1995
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<CIK> 0000102438
<NAME> USP REAL ESTATE INVESTMENT TRUST
<S> <C> <C>
<PERIOD-TYPE> 3-MOS YEAR
<FISCAL-YEAR-END> DEC-31-1994 DEC-31-1994
<PERIOD-END> MAR-31-1995 DEC-31-1994
<CASH> 1,055,430 2,086,511
<SECURITIES> 0 0
<RECEIVABLES> 845,893 636,536
<ALLOWANCES> 102,465 100,744
<INVENTORY> 0 0
<CURRENT-ASSETS> 2,323,701 3,095,989
<PP&E> 39,651,566 39,651,566
<DEPRECIATION> 9,930,926 9,726,767
<TOTAL-ASSETS> 33,351,185 34,333,593
<CURRENT-LIABILITIES> 1,093,495 867,007
<BONDS> 15,614,927 16,853,303
<COMMON> 3,880,000 3,880,000
0 0
0 0
<OTHER-SE> 12,762,763 12,733,283
<TOTAL-LIABILITY-AND-EQUITY> 33,351,185 34,333,593
<SALES> 0 0
<TOTAL-REVENUES> 1,423,777 6,179,495
<CGS> 0 0
<TOTAL-COSTS> 604,972 2,888,729
<OTHER-EXPENSES> 109,361 403,044
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 408,364 1,953,117
<INCOME-PRETAX> 301,080 1,723,193
<INCOME-TAX> 0 0
<INCOME-CONTINUING> 301,080 1,723,193
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 301,080 1,723,193
<EPS-PRIMARY> .08 .44
<EPS-DILUTED> .08 .44
</TABLE>
