Criimi Mae Inc., currently undergoing bankruptcy reorganization, has announced earnings for the first quarter 2000, ending March 31.

Under generally accepted accounting principles (GAAP), the Rockville, Md.-based commercial mortgage real estate investment trust reported a net income available to shareholders of approximately $4 million, or $.07 per basic share or $.06 per diluted share. For the first quarter of 1999, Criimi Mae's earnings were $13.4 million.

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