RECKSON ASSOCIATES REALTY CORP
10-Q/A, 1996-12-03
REAL ESTATE INVESTMENT TRUSTS
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                         UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                      Washington, DC 20549


                           FORM 10-Q/A


      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF 
              THE SECURITIES EXCHANGE ACT OF 1934

       For the quarterly period ended June 30, 1996
                                
                Commission file number: 1-13762



                 RECKSON ASSOCIATES REALTY CORP.
     (Exact name of registrant as specified in its charter) 


Maryland                                             11-3233650
(State other jurisdiction of incorporation         (IRS. Employer
of organization)                                   Identification Number)

225 Broadhollow Road, Melville, NY                                 11747
(Address of principal executive office)                         (zip code)

                         (516) 694-6900
      (Registrant's telephone number including area code)


     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 company has only one class of common stock, issued at $.01 par value
per share with 10,439,200 shares outstanding as of July 1, 1996.
                                
Item 5.  Other information - This form 10-Q/A is being filed in order to include
Exhibit 27 - Financial Data Schedule

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.

                            RECKSON ASSOCIATES REALTY CORP.
                            Registrant

December 3, 1996            Scott H. Rechler
Date                        Scott H. Rechler, Executive Vice President
                            and Chief Operating Officer


December 3, 1996            Michael Maturo
Date                        Michael Maturo, Executive Vice President
                            and Chief Financial Officer      

<TABLE> <S> <C>

<ARTICLE> 5
<CIK> 0000930548
<NAME> RECKSON ASSOCIATES REALTY CORP
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                          10,308
<SECURITIES>                                         0
<RECEIVABLES>                                   12,717
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                23,025
<PP&E>                                         385,676
<DEPRECIATION>                                  80,297
<TOTAL-ASSETS>                                 355,686
<CURRENT-LIABILITIES>                           19,017
<BONDS>                                        149,033
                                0
                                          0
<COMMON>                                           104
<OTHER-SE>                                     143,640
<TOTAL-LIABILITY-AND-EQUITY>                   355,686
<SALES>                                         40,412
<TOTAL-REVENUES>                                41,759
<CGS>                                                0
<TOTAL-COSTS>                                   17,133
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               5,785
<INCOME-PRETAX>                                 11,322
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             11,322
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                  (895)
<CHANGES>                                            0
<NET-INCOME>                                     7,114
<EPS-PRIMARY>                                      .80
<EPS-DILUTED>                                      .80
        

</TABLE>


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