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 0-15346
DSI REALTY INCOME FUND X, A California Limited Partnership
(Exact name of registrant as specified in its charter)
California_______________________________________33-0195079
(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-(310)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 X
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 X
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 X
(A California Real Estate Limited Partnership)
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 $1,075,711 $ 590,983
PROPERTY 8,733,505 9,123,547
OTHER ASSETS 73,644 324,827
TOTAL $9,882,860 $10,039,357
LIABILITIES AND PARTNERS' EQUITY
LIABILITIES $1,660,503 $1,568,004
PARTNERS' EQUITY:
General Partners (59,804) (57,314)
Limited Partners 8,282,161 8,528,667
Total partners' equity 8,222,357 8,471,353
TOTAL $9,882,860 $10,039,357
See accompanying notes to financial statements(unaudited).
STATEMENTS OF INCOME (UNAUDITED)
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1995 AND 1994
September 30, September 30,
1995 1994
REVENUES:
Rental Income $673,177 $602,208
Interest 8,436 4,414
Total revenue 681,613 606,622
EXPENSES:
Operating Expenses 347,319 284,861
General and administrative 35,924 39,182
Total expenses 383,243 324,043
NET INCOME $298,370 $282,579
AGGREGATE NET INCOME ALLOCATED TO :
Limited partners $295,386 $279,753
General partners 2,984 2,826
TOTAL $298,370 $282,579
NET INCOME PER
LIMITED PARTNERSHIP UNIT $9.29 $8.80
LIMITED PARTNERSHIP
UNITS USED IN PER
UNIT CALCULATION 31,783 31,783
See accompanying notes to financial statements(unaudited).
STATEMENTS OF INCOME (UNAUDITED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995 AND 1994
September 30, September 30,
1995 1994
REVENUES:
Rental Income $1,871,445 $1,696,214
Interest 22,591 7,370
Total Revenues 1,894,036 1,703,584
EXPENSES:
Operating Expenses 1,028,328 955,079
General and Administrative 151,584 133,840
Total Expenses 1,179,912 1,088,919
NET INCOME $ 714,124 $ 614,665
AGGREGATE NET INCOME ALLOCATED TO:
Limited partners $ 706,983 $ 608,518
General partners 7,141 6,147
TOTAL $ 714,124 $ 614,665
NET INCOME PER LIMTED PARTNERSHIP
UNIT $22.24 $19.15
LIMITED PARTNERSHIP UNITS USED IN
PER UNIT CALCULATION 31,783 31,783
See accompanying notes to financial statements (unaudited)
</TABLE>
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 ($54,311) $8,825,977 $8,771,666
NET INCOME 6,147 608,518 614,665
DISTRIBUTIONS (8,427) (834,304) (842,731)
EQUITY AT SEPTEMBER 30, 1994 ($56,591) $8,600,191 $8,543,600
EQUITY AT DECEMBER 31, 1994 ($57,314) $8,528,667 $8,471,353
NET INCOME 7,141 706,983 714,124
DISTRIBUTIONS (9,631) (953,499) (963,120)
EQUITY AT SEPTEMBER 30, 1995 ($59,804) $8,282,161 $8,222,357
See accompanying notes to financial statements(unaudited).
</TABLE>
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 $ 714,124 $ 614,665
Adjustments to reconcile net
income to net cash provided
by operating activities:
Depreciation 403,896 403,896
Changes in assets and liabilities:
Decrease(Increase) in other assets 251,183 (52,564)
Increase in liabilities 92,499 248,565
Net cash provided by operating
activities 1,461,702 1,214,562
CASH FLOWS FROM INVESTING ACTIVITIES-
Purchase of property and equipment (13,854) (56,311)
CASH FLOWS FROM FINANCING ACTIVITIES -
Distributions to partners (963,120) (842,731)
NET INCREASE IN CASH AND
CASH EQUIVALENTS 484,728 315,520
CASH AND CASH EQUIVALENTS:
At beginning of period 590,983 413,041
At end of period $1,075,711 $ 728,561
See accompanying notes to financial statements(unaudited).
</TABLE>
DSI REALTY INCOME FUND X
(A California Real Estate Limited Partnership)
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
1. GENERAL
DSI Realty Income Fund X (the "Partnership") has three general partners
(DSI Properties, Inc., Robert J. Conway and Joseph W. Conway) and
limited partners owning 31,783 limited partnership units.
The accompanying financial information as of September 30, 1995, and for
the periods ended September 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. Two facilities are
located in Warren, Michigan; one facility is located in Troy, Michigan;
one facility is located in Crestwood, Illinois; and one facility is
located in Forestville, Maryland. As of September 30, 1995, the total cost
and accumulated depreciation of the mini-storage facilities is as
follows:
<TABLE>
<S> <C>
Land $ 2,089,882
Buildings 10,603,413
Furniture and Equipment 2,799
Total 12,696,094
Less: Accumulated Depreciation ( 3,962,589)
Property - Net $ 8,733,505
</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> $ 1075711 590983
<SECURITIES> 0 0
<RECEIVABLES> 0 0
<ALLOWANCES> 0 0
<INVENTORY> 0 0
<CURRENT-ASSETS> 0 0
<PP&E> 12696094 12682240
<DEPRECIATION> 3962589 3558693
<TOTAL-ASSETS> 9882860 1568004
<CURRENT-LIABILITIES> 0 0
<BONDS> 0 0
<COMMON> 0 0
0 0
0 0
<OTHER-SE> 0 0
<TOTAL-LIABILITY-AND-EQUITY> 9882860 10039357
<SALES> 1871445 2278057
<TOTAL-REVENUES> 1894036 2292130
<CGS> 0 0
<TOTAL-COSTS> 0 0
<OTHER-EXPENSES> 0 0
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 0 0
<INCOME-PRETAX> 714124 863458
<INCOME-TAX> 0 0
<INCOME-CONTINUING> 714124 863458
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 714124 863458
<EPS-PRIMARY> 0 0
<EPS-DILUTED> 0 0
</TABLE>
