November 28, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Form 8-K for:
Meridian Point Realty Trust VIII Co., File No. 1-10547,
dated August 14, 1995
Dear Sir or Madam:
On behalf of the above-referenced registrant, attached is a
Form 8-K dated August 14, 1995, with exhibits.
Thanks very much.
Very truly yours,
ROBERT A. DOBBIN
Robert A. Dobbin
Vice President and Secretary
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: August 14, 1995
MERIDIAN POINT REALTY TRUST VIII CO.
(Exact name of registrant as specified in its charter)
MISSOURI 1-10547 94-3058019
(State or Other (Commission File Number) (IRS Employer Identification No.)
Jurisdication of
Incorporation)
50 California Street, 16th Floor, San Francisco, California 94111
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (415) 956-3031
(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS.
On August 14, 1995, Meridian Point Realty Trust VIII Co.
issued a press release announcing 1995 second quarter results. The press
release is attached as Exhibit 99.1 hereto.
On September 8, 1995, Meridian Point Realty Trust VIII Co.
issued a press release announcing 1995 third quarter dividends. The press
release is attached as Exhibit 99.2 hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits. The following exhibits are attached to
this report:
99.1 Press Release dated August 14, 1995.
99.2 Press Release dated September 8, 1995.
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 hereunto duly authorized.
MERIDIAN POINT REALTY TRUST VIII CO.
Date: November 28, 1995 By: ROBERT A. DOBBIN
Robert A. Dobbin
Secretary
<PAGE>
MERIDIAN POINT REALTY TRUST VIII CO.
Index to Exhibits
Sequentially
Exhibit No. Numbered Page
99.1 Press Release dated August 14, 1995.
99.2 Press Release dated September 8, 1995.
Exhibit No. 99.1
For More Information: Press Release
Barbara Finnegan, Vice President
Meridian Point Properties, Inc August 14,1995
50 California Street, Suite 1600
San Francisco, CA 94111
(415) 956-3031
Meridian Point Realty Trust VIII Co.
Announces Second Quarter Results
San Francisco, Aug. 14 -- Meridian Point Realty Trust VIII Co. (AMEX:
MPH and MPHpr), an equity real estate investment trust ("REIT"), today
reported operating results for the quarter and six months ended June 30, 1995.
Funds from operations for the second quarter of 1995 totaled $943,375,
compared with $1,350,444 for the same 1994 period. For the six-month periods
ended June 30, 1995 and 1994, funds from operations totaled $2,015,632 and
$2,308,347, respectively. The decrease of $292,715 was primarily due to (i)
increased property operating costs, caused by bad debt expenses, and (ii)
decreased rental revenues, primarily the result of adjustments to expense
recapture accruals.
The average portfolio occupancy rate at June 30, 1995 was 98%,
unchanged from a year earlier. Leases covering approximately 13% of the
REIT's leased space are scheduled to expire during the next twelve months.
As previously reported, on July 24, 1995, the REIT sold Tropicana
Marketplace, a 142,728-square foot retail center located in Las Vegas, Nev.,
for $10,218,000. Net proceeds totaled $9,644,065 after adjustments for
closing costs, interest earned, prorations, and an escrow holdback. In
accordance with the terms of the long-term debt facility, net cash proceeds
and additional funds provided by the REIT were used to (i) make a $9,809,535
principal payment on the facility, (ii) pay prepayment penalties totaling
$129,433, and (iii) pay interest totaling $27,650.
Meridian Point Realty Trust VIII Co. owns 24 light industrial
properties totaling approximately 2.7 million square feet of leasable space.
The properties are located in Arizona, Illinois, Michigan, Mississippi,
California, Tennessee, and Texas.
Meridian Point Realty Trust VIII Co. (AMEX: MPH and MPHpr)
Financial Highlights
(in thousands, except per share data)
<TABLE>
<CAPTION>
Quarter Ended Six Months Ended
Operating Results June 30, June 30,
(unaudited) 1995 1994 1995 1994
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<S> <C> <C> <C> <C>
Total Revenues $2,943 $3,148 $5,988 $6,071
Net Income (Loss) Before Gain on Sale of 205 549 (674) 704
Property
Gain on Sale of Property(1) 157 -- 157 --
Net Income (Loss)(2) 362 549 (517 704
Preferred Distributions Declared (738) -- (738) --
Net Income (Loss) Available to Common (376 549 (1,255) 704
Shareholders
Funds From Operations(3) 943 1,350 2,016 2,308
Per Share:
Net Income (Loss) per Common Share (0.234) 0.341 (0.779) 0.437
Funds From Operations (Common and 0.137 0.196 0.293 0.335
Preferred)
Preferred Distributions Paid Per Share 0.140 -- 0.140 --
Common Distributions Paid Per Share 0.140 -- 0.140 --
Shares Outstanding
Common 1,610 1,610 1,610 1,610
Preferred 5,274 5,274 5,274 5,274
Occupancy 98% 98%
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</TABLE>
(1) In connection with the May 25, 1995 sale of the Kroger property in
Jackson, Miss., the REIT recognized a Gain on Sale of Property of $157,258.
The property previously had been written down to its net realizable value.
(2) Included in Net Income for the quarters ended June 30, 1995 and 1994 are
non-cash charges of depreciation and amortization of $738,996 and $801,549,
respectively. Net Income (Loss) for the six months ended June 30, 1995 and
1994 includes non-cash charges for depreciation and amortization of
$1,507,328 and $1,604,651, respectively.
(3) Funds From Operations for these purposes is defined as: net income (loss)
before extraordinary items, adjusted for certain non-cash items such as
depreciation and amortization, decreases in net realizable value, and gains
from the sale of property.
Exhibit No. 99.2
For More Information, Call: Press Release
Barbara Finnegan, Vice President
Meridian Point Properties, Inc. September 8, 1995
50 California Street, Suite 1600
San Francisco, CA 94111
(415) 956-3031
Meridian Point Realty Trust VIII Co.
Declares Third Quarter Dividends
San Francisco, November 27, 1995 -- Meridian Point Realty Trust VIII
Co. [AMEX: MPH and MPHpr] today announced that its board of directors
declared dividends for the third quarter in the amount of $0.07 per preferred
share (which includes the previously-declared preferred minimum preference of
$0.06018 per share) and $0.07 per common share. These dividends will be
payable on September 29 to shareholders of record on September 19.
Meridian Point Realty Trust VIII Co. is an equity REIT which owns 25
light industrial properties totaling approximately 2.8 million square feet.
The properties are located in Tennessee, Texas, Arizona, California,
Illinois, Mississippi, and Michigan.
