SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
/_x_/ Quarterly report pursuant to section 13 or 15(d) of the
Securities Exchange Act of 1934.
For the quarterly period ended September 30, 1995
/___/ Transition report pursuant to Section 13 or 15(d) of the
Securities Act of 1934
for the transition period from ______________ to ________________.
Commission File Number 2-96364
DSI REALTY INCOME FUND IX, A California Limited Partnership
(Exact name of registrant as specified in its charter)
California_______________________________________33-0103989
(State or other jurisdiction of (I.R.S. Employer
incorporation) Identification No.)
3701 Long Beach Boulevard, Long Beach, California 90807
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code-(213)595-7711
_________________________________________________________________
Former name, former address and former 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__.
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.
The information required by Rule 10-01 of Regulation S-X is
included in the Quarterly Report to the Limited Partners of Registrant for
the period ended September 30, 1995 which is attached hereto as Exhibit "20"
and incorporated herein by this reference.
Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations.
Registrant incorporates by this reference its Quarterly Report to
Limited Partners for the period ended September 30, 1995.
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8K.
(a) Attached hereto as Exhibit "20" is Registrant's Quarterly
Report to Limited Partners for the period ended September 30, 1995.
(B) Registrant did not file any reports on Form 8-K for the
period reported upon.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
Dated: October 31, 1995 DSI REALTY INCOME FUND IX
A California Limited Partnership
(Registrant)
By____\s\ Robert J. Conway_____
DSI Properties, Inc., as General
Partner by ROBERT J. CONWAY,
President and Chief Financial Officer
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
Dated: October 31, 1995 DSI REALTY INCOME FUND IX
A California Limited Partnership
(Registrant)
By__\s\ Robert J. Conway________
DSI Properties, Inc., as General
Partner by ROBERT J. CONWAY,
President and Chief Financial Officer
DSI REALTY INCOME FUND IX
(A California Real Estate Limited Partnership)
CONSOLIDATED BALANCE SHEETS(UNAUDITED)
SEPTEMBER 30, 1995 AND DECEMBER 31, 1994
<TABLE>
<CAPTION>
September 30, December 31,
1995 1994
<S> <C> <C>
ASSETS
CASH AND CASH EQUIVALENTS $ 557,900 $ 421,316
PROPERTY 8,146,018 8,574,285
OTHER ASSETS 62,677 35,454
TOTAL $8,766,595 $9,031,055
LIABILITIES AND PARTNERS' EQUITY
LIABILITIES $ 729,736 $ 712,290
MINORITY INTEREST IN
REAL ESTATE JOINT VENTURE 426,902 468,439
PARTNERS' EQUITY:
General Partners (61,342) (58,938)
Limited Partners 7,671,299 7,909,264
Total partners' equity 7,609,957 7,850,326
TOTAL $8,766,595 $9,031,055
See accompanying notes to consolidated financial statements(unaudited).
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1995 AND 1994
September 30, September 30,
1995 1994
REVENUES:
Rental Income $ 645,681 $ 605,210
Interest 3,267 1,802
Total revenues 648,948 607,012
EXPENSES:
Operating Expenses 352,276 337,119
General and administrative 35,436 35,286
Total expenses 387,712 372,405
INCOME BEFORE MINORITY INTEREST
IN INCOME OF REAL ESTATE
JOINT VENTURE 261,236 234,607
MINORITY INTEREST IN INCOME
OF REAL ESTATE JOINT VENTURE 30,888 25,074
NET INCOME $ 230,348 $ 209,533
AGGREGATE NET INCOME ALLOCATED TO:
Limited partners $ 228,045 $ 207,438
General partners 2,303 2,095
TOTAL $ 230,348 $ 209,533
NET INCOME PER LIMITED
PARTNERSHIP UNIT $ 7.43 $ 6.76
LIMITED PARTNERSHIP UNITS
USED IN PER UNIT CALCULATION 30,693 30,693
See accompanying notes to consolidated financial statements(unaudited).
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30,1995 AND 1994
September 30, September 30,
1995 1994
REVENUES:
Rental Income $1,840,286 $1,736,261
Interest 8,445 3,345
Total Revenues 1,848,731 1,739,606
EXPENSES:
Operating Expenses 1,045,064 1,003,658
General and Administrative 144,842 144,404
Total expenses 1,189,906 1,148,062
INCOME BEFORE MINORITY INTEREST IN
INCOME OF REAL ESTATE JOINT VENTURE 658,825 591,544
MINORITY INTEREST IN INCOME OF REAL
ESTATE JOINT VENTURE 85,363 67,794
Net Income $573,462 $523,750
AGGREGATE NET INCOME ALLOCATED TO:
Limited partners $567,727 $518,513
General partners 5,735 5,237
TOTAL $573,462 $523,750
NET INCOME PER LIMITED PARTNERSHIP $ 18.50 $ 16.89
LIMITED PARTNERSHIP UNITS USED IN
PER UNIT CALCULATION 30,693 30,693
See accompanying notes to consolidated financial statements(unaudited)
</TABLE>
CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' EQUITY (UNAUDITED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30,1995 AND 1994
<TABLE>
<CAPTION>
GENERAL LIMITED
PARTNERS PARTNERS TOTAL
<S> <C> <C> <C>
EQUITY AT DECEMBER 31, 1993 ($ 55,069) $8,292,316 $8,237,247
NET INCOME 5,237 518,513 523,750
DISTRIBUTIONS (8,138) (805,692) (813,830)
EQUITY AT SEPTEMBER 30,1994 ($57,970) $8,005,137 $7,947,167
EQUITY AT DECEMBER 31, 1994 ($58,938) $7,909,264 $7,850,326
NET INCOME 5,735 567,727 573,462
DISTRIBUTIONS (8,139) (805,692) (813,831)
EQUITY AT SEPTEMBER 30,1995 ($61,342) $7,671,299 $7,609,957
See accompanying notes to consolidated financial statements(unaudited).
</TABLE>
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995 AND 1994
<TABLE>
<CAPTION>
September 30, September 30,
1995 1994
<S> <C> <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $ 573,462 $ 523,750
Adjustments to reconcile net
income to net cash provided
by operating activities:
Depreciation 440,812 440,814
Distributions paid to
minority interest
in real estate joint
venture in excess of
earnings (41,537) (33,075)
Changes in assets and
liabilities:
Increase in other assets (27,223) (11,475)
Increase in liabilities 17,446 (73,538)
Net cash provided by
operating activities 962,960 846,476
CASH FLOWS FROM INVESTING ACTIVITIES -
Purchase of property
and equipment (12,545) (14,929)
CASH FLOWS FROM FINANCING ACTIVITIES -
Distributions to partners (813,831) (813,830)
NET INCREASE IN CASH AND
CASH EQUIVALENTS 136,584 17,717
CASH AND CASH EQUIVALENTS:
At beginning of period 421,316 332,873
At end of period $ 557,900 $ 350,590
See accompanying notes to consolidated financial statements(unaudited).
</TABLE>
DSI REALTY INCOME FUND IX
(A California Real Estate Limited Partnership)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
1. GENERAL
DSI Realty Income Fund IX (the "Partnership"), a limited partnership, has
three general partners (DSI Properties, Inc., Robert J. Conway and
Joseph W. Conway) and limited partners owning 30,693 limited partnership
units.
The accompanying consolidated financial information as of September 30, 1995
and for the periods ended Septbember 30, 1995, and 1994 is unaudited. Such
financial information includes all adjustments which are considered
necessary by the Partnership's management for a fair presentation of the
results for the periods indicated.
2. PROPERTY
The Partnership owns five mini-storage facilities located in Monterey Park
and Azusa, California; Everett, Washington; and Romeoville and Elgin,
Illinois. The Partnership also owns a 70% interest in a mini-storage
facility in Aurora, Colorado. As of September 30, 1995, the total cost and
accumulated depreciation of the mini-storage facilities are as follows:
<TABLE>
<S> <C>
Land $ 2,729,790
Buildings and equipment 10,940,336
Total 13,670,126
Less: Accumulated Depreciation ( 5,524,108)
Property - Net $ 8,146,018
</TABLE>
3. NET INCOME PER LIMITED PARTNERSHIP UNIT
Net income per limited partnership unit is calculated by dividing the net
income allocated to the limited partners by the number of limited
partnership units outstanding during the period.
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C>
<PERIOD-TYPE> 9-MOS YEAR
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1994
<PERIOD-END> SEP-30-1995 DEC-31-1994
<CASH> 557,900 421316
<SECURITIES> 0 0
<RECEIVABLES> 0 0
<ALLOWANCES> 0 0
<INVENTORY> 0 0
<CURRENT-ASSETS> 0 0
<PP&E> 13670126 13657579
<DEPRECIATION> 5524108 5083294
<TOTAL-ASSETS> 8766595 9031055
<CURRENT-LIABILITIES> 0 0
<BONDS> 0 0
<COMMON> 0 0
0 0
0 0
<OTHER-SE> 0 0
<TOTAL-LIABILITY-AND-EQUITY> 8766595 9031055
<SALES> 1840286 2306251
<TOTAL-REVENUES> 1848731 2312201
<CGS> 0 0
<TOTAL-COSTS> 0 0
<OTHER-EXPENSES> 0 0
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 0 0
<INCOME-PRETAX> 573462 698185
<INCOME-TAX> 0 0
<INCOME-CONTINUING> 573462 698185
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 573462 698185
<EPS-PRIMARY> 0 0
<EPS-DILUTED> 0 0
</TABLE>
