Mortgage & Realty Trust Reports $12.6-Million Loss

Mortgage & Realty Trust, a real estate investment trust, posted a $12.6-million loss for its fiscal fourth quarter ended Sept. 30.

The company, which has executive offices in Burbank and Elkins Park, Pa., is a real estate investment trust whose portfolio of investments and loans in commercial real estate has been badly hurt by the weak real estate market. The latest loss compared with a $15.5-million loss a year earlier.

For its full fiscal year, Mortgage & Realty lost $37.5 million, compared with a $35.7-million loss in fiscal 1991. Its assets as of Sept. 30 totaled $427.3 million, down 17% from $514.4 million a year earlier.