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<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________________
FORM 10-Q\A-1
Pursuant to Section 12 or 15 (d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event report) September 30, 1996
-------------------
PACIFIC GATEWAY PROPERTIES, INC.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
NEW YORK 1-8692 04-2816560
- -------------------------------- ------------ -------------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation File Number) Identification No.)
ONE RINCON CENTER, 101 SPEAR STREET, SUITE 215, SAN FRANCISCO, CA 94105
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (415)543-8600
Not Applicable
- --------------------------------------------------------------------------------
(Former name or former address and former fiscal year,
if changed since last report)
Not Applicable
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
SIGNATURES
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 there unto duly authorized.
Dated: September 30, 1996
--------------------
PACIFIC GATEWAY PROPERTIES, INC.
(Registrant)
Raymond V. Marino
-------------------------------------
Raymond V. Marino
President and Chief Executive Officer
Felecia Vernon-Chancey
-------------------------------------
Felecia Vernon-Chancey
Vice President and Controller
(Principal Financial and Accounting Officer)
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C> <C>
<PERIOD-TYPE> 3-MOS 9-MOS
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996
<PERIOD-START> JUL-1-1996 JAN-1-1996
<PERIOD-END> SEP-30-1996 SEP-30-1996
<CASH> 2,839 2,839
<SECURITIES> 0 0
<RECEIVABLES> 169 169
<ALLOWANCES> 0 0
<INVENTORY> 0 0
<CURRENT-ASSETS> 3,364 3,364
<PP&E> 47,115 47,115
<DEPRECIATION> 13,841 13,841
<TOTAL-ASSETS> 56,507 56,507
<CURRENT-LIABILITIES> 1,824 1,824
<BONDS> 45,451 45,451
0 0
0 0
<COMMON> 4,011 4,011
<OTHER-SE> (1,244) (1,244)
<TOTAL-LIABILITY-AND-EQUITY> 56,507 56,507
<SALES> 0 0
<TOTAL-REVENUES> 3,726 24,439
<CGS> 0 0
<TOTAL-COSTS> 3,534 10,775
<OTHER-EXPENSES> 0 0
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 749 2,445
<INCOME-PRETAX> (557) 11,219
<INCOME-TAX> (8) 4,800
<INCOME-CONTINUING> (549) 6,419
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> (549) 6,419
<EPS-PRIMARY> (0.13) 1.53
<EPS-DILUTED> (0.13) 1.53
</TABLE>
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