The Q3 accounting shows 42 cents per share on fully dilutedbasis, up from 12 cents per share that had been realized in thesecond quarter. Net income has total $1.4 million delivering aturnaround from second-quarter net losses of nearly $1.4 million.The firm's interest coverage ratio has increased to 251% and fixedcharge coverage ratio has risen 199%. The increases in both areasare being attributed to such factors as the sale of the GeorgiaConoco portfolio and other non-core assets enabling a debt pay-downof slightly more than $31 million.

Fred Margolin, chairman and CEO, says US Properties in "ontarget" with a fiscal plan to reduce leverage and strengthen cashflow. The restaurant chain also has secured an agreement with Bankof America for an unsecured credit line and refinancing ofshort-term debt maturities.

US Restaurant Properties, Inc. is a non-taxed financial servicesand real estate company dedicated to acquiring, managing,financing, and selectively developing branded service retailproperties. Its lineup includes Burger King, Arby's, Chili's, PizzaHut, Shell and ExxonMobil facilities. The company currently owns orfinances 877 properties located in 48 states.