Pacific Gulf Properties Inc.: The Newport Beach...

Pacific Gulf Properties Inc.: The Newport Beach real estate investment trust reported that net income for the third quarter rose to $3.9 million, or 27 cents a share, from $1.4 million, or 19 cents a share, for the 1996 third quarter. Revenue was up 38% to $18.5 million from $13.4 million. Year-to-date net income was $10.4 million, or 81 cents a share, compared with $2.3 million, or 39 cents a share, for the similar period in 1996. Revenue gained 36% to $49.2 million from $36.1 million.