Brief: Firm buying back shares

Last July, Revenue Properties said it would buy back and cancel 2.5 million shares through the Toronto Stock Exchange. Between July and December, the company bought 2.1 million shares at an average price of $2.53.

Revenue Properties latest announcement means the company may repurchase up to 3.5 million shares total -- or 4.7 percent of the company's outstanding shares -- by July 28, 1999.

Last year, Revenue Properties bought a half interest in the PT's Pubs operating company for $9 million. Revenue Properties also owns Pan Pacific Development, a real estate developer with Las Vegas shopping centers.

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