Petra funds post $145,142 net loss for June; revenues down to $6,028

By Caroline Salls

Pittsburgh, July 25 - Petra Offshore Fund LP and Petra Fund REIT Corp. posted a $145,142 net loss for June on $6,028 in revenues, according to its monthly operating report filed July 22 with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, the Petra funds reported a $47,581 net profit for May on $7,166 of revenues.

The companies had $410,517 of operating cash at June 30, down from $555,660 at the end of May.

Petra Fund REIT is a New York-based real estate investment trust. The companies filed for bankruptcy on Oct. 20, 2010. The Chapter 11 case number is 10-15500.

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