<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                FORM 10-Q/A-1*

       X    Quarterly report pursuant to Section 13 or 15(d) of the Securities
      ----  Exchange Act of 1934


      For the quarterly period ended September 30, 1995 or
                                     ------------------   

      ____  Transition report pursuant to Section 13 or 15(d) of the Securities
            Exchange Act of 1934


      For the transition period from _____________ to _____________

      Commission file number 1-10328
                             -------

                           BRADLEY REAL ESTATE, INC.
                           -------------------------
            (Exact name of registrant as specified in its charter)

          Maryland                                       04-6034603
          --------                                       ----------
   (State of Organization)                      (I.R.S. Identification No.)

               699 Boylston Street, Boston, Massachusetts 02116
               ------------------------------------------------
             (Address of Registrant's Principal Executive Offices)

Registrant's telephone number, including area code:  (617) 867-4200
                                                     --------------

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days.

                             Yes   X      No 
                                 -----       -----

Indicate the number of Shares outstanding of each class of Common Stock as of
September 30, 1995:

          Shares of Common Stock, $.01 par value: 11,226,624 Shares.

___________________

          *   Part I, Items 1 and 2 of this report on Form 10-Q are hereby 
amended to provide in their entirety as set forth herein, as of the date of the
original 10-Q.

                                       1
<PAGE>
 
PART 1  FINANCIAL INFORMATION

Item 1  FINANCIAL STATEMENTS 

                           BRADLEY REAL ESTATE, INC.
                           -------------------------

                                BALANCE SHEETS
                                --------------

<TABLE>
<CAPTION> 
                                                                    September 30,       December 31,
                        Assets                                          1995                1994
                        ------                                      -------------       ------------
                                                                     (UNAUDITED)
<S>                                                                  <C>                <C> 
Real estate investments - at cost                                    $187,418,000       $177,939,000
Accumulated depreciation and amortization                              26,229,000         22,385,000
                                                                     ------------       ------------
Net real estate investments                                           161,189,000        155,554,000

Other assets:
  Cash                                                                    982,000            193,000
  Rents and other receivables, net of
    allowance for doubtful accounts of
    $632,000 for 1995 and $459,000 for 1994                             7,680,000          5,776,000
  Unamortized buyout of contract, net                                   4,670,000            -
  Deferred charges, net and prepaid expenses                            4,334,000          5,056,000
                                                                     ------------       ------------
                                                                     $178,855,000       $166,579,000
                                                                     ============       ============

     Liabilities and Stockholders' Equity
     ------------------------------------

Mortgage loans                                                        $24,867,000        $27,748,000

Line of credit                                                          9,800,000         39,000,000

Accounts payable and accrued expenses                                   8,033,000          5,252,000
                                                                     ------------       ------------
                                                                       42,700,000         72,000,000
                                                                     ------------       ------------
Stockholders' equity:
  Shares of preferred stock, par value $.01 per share:
      Authorized 20,000,000 shares; Issued
      and outstanding, 0 shares at September 30, 1995 and
      December 31, 1994;                                                  -                  -
  Shares of common stock, par value $.01 per share:
      Authorized 80,000,000 shares; Issued
      and outstanding, 11,226,624 at September 30, 1995 and
      8,197,054 at December 31, 1994.                                     112,000             82,000
  Shares of excess stock, par value $.01 per share:
      Authorized 50,000,000 shares;  Issued
      and outstanding, 0 shares at September 30, 1995 and
      December 31, 1994                                                   -                  -

Additional paid-in capital                                            148,360,000        103,251,000
Distributions in excess of accumulated
  earnings                                                            (12,317,000)        (8,754,000)
                                                                     ------------       ------------
                                                                      136,155,000         94,579,000
                                                                     ------------       ------------
                                                                     $178,855,000       $166,579,000
                                                                     ============       ============
</TABLE>

   The accompanying notes are an integral part of the financial statements.

                                      -2-
<PAGE>
 
                           BRADLEY REAL ESTATE, INC.
                           -------------------------

                             STATEMENTS OF INCOME
                             --------------------
                                  (unaudited)

<TABLE>
<CAPTION> 
                                                            Three Months Ended                  Nine Months Ended
                                                               September 30,                       September 30,
                                                       ----------------------------       -----------------------------
                                                           1995             1994               1995             1994 
                                                           ----             ----               ----             ---- 
<S>                                                    <C>               <C>              <C>               <C> 
Income:

  Rental income                                        $9,396,000        $8,538,000       $26,697,000       $24,467,000
  Other income                                             15,000            32,000           141,000            62,000
                                                       ----------        ----------       -----------       -----------
                                                        9,411,000         8,570,000        26,838,000        24,529,000
Expenses:

  Operations, maintenance and management                1,573,000         1,341,000         4,235,000         3,854,000
  Real estate taxes                                     2,375,000         2,112,000         6,380,000         6,304,000
  Mortgage and other interest                             843,000         1,227,000         3,826,000         3,100,000
  Depreciation and amortization                         1,851,000         1,365,000         5,413,000         3,692,000
  Administrative and general                              412,000           675,000         1,154,000         1,641,000
                                                       ----------        ----------       -----------       -----------
                                                        7,054,000         6,720,000        21,008,000        18,591,000
                                                       ----------        ----------       -----------       -----------

Net income                                             $2,357,000        $1,850,000        $5,830,000        $5,938,000
                                                       ==========        ==========        ==========        ==========

Per share data:

  Net income                                                $0.21             $0.23             $0.62             $0.72
                                                       ==========        ==========        ==========        ========== 

Weighted average shares outstanding                    11,087,721         8,192,606         9,404,449         8,190,560
                                                       ==========        ==========        ==========        ==========
</TABLE>

   The accompanying notes are an integral part of the financial statements.

                                      -3-
<PAGE>
 
                           BRADLEY REAL ESTATE, INC.
                           -------------------------
                           STATEMENTS OF CASH FLOWS
                           ------------------------
                                  (unaudited)

<TABLE>
<CAPTION> 
                                                                              Nine Months Ended
                                                                                September 30,
                                                                      ----------------------------------   
                                                                            1995               1994
                                                                            ----               ---- 
<S>                                                                    <C>                <C> 
Cash flows from operating activities:                                                               
  Net income                                                             $5,830,000         $5,938,000

  Adjustments to reconcile net income to net
    cash provided by operating activities:
      Depreciation and amortization                                       5,413,000          3,692,000

  Change in operating assets and liabilities:
    Increase in rents and other receivables                              (1,904,000)        (1,911,000)
    Increase in accounts payable and
      accrued expenses                                                    2,446,000          2,073,000
    (Increase) decrease in deferred charges                                  48,000         (2,591,000)
                                                                      ---------------    ---------------
  Net cash provided by operating activities                              11,833,000          7,201,000
                                                                      ---------------    ---------------
Cash flows from investing activities:
  Additions to real estate investments                                   (7,385,000)       (32,612,000)
  Increase in unamortized buyout of contract                               (649,000)            -
                                                                      ---------------    ---------------
  Net cash used by investing activities                                  (8,034,000)       (32,612,000)
                                                                      ---------------    ---------------

Cash flows from financing activities:
  Net borrowings under line of credit                                     3,400,000         33,700,000
  Net public offering proceeds                                           40,508,000             - 
  Paydown line of credit with proceeds from offering                    (32,600,000)            -     
  Payoff Westwind mortgages with proceeds from offering                  (4,712,000)            -     
  Increase in accounts payable for construction                             335,000          1,393,000
  Distributions paid                                                     (9,393,000)        (7,863,000)
  Exercise of employee stock options                                        128,000             -
  Principal payments on mortgage loans                                     (263,000)          (165,000)
  Reorganization costs                                                     (617,000)            -
  Shares issued under dividend reinvestment plan                            204,000            115,000
                                                                      ---------------    ---------------
  Net cash provided (used) by financing activities                       (3,010,000)        27,180,000
                                                                      ---------------    ---------------

Net increase in cash                                                        789,000          1,769,000

Cash and cash equivalents:
  Beginning of period                                                       193,000            950,000
                                                                      ---------------    ---------------
  End of period                                                            $982,000         $2,719,000
                                                                      ===============    ===============

Supplementary Information:
  Income taxes paid                                                        $106,000            $39,000
  Interest paid, net of amount capitalized                               $3,812,000         $3,032,000
</TABLE>

Supplemental schedule of noncash investing and financing activities:

In January 1995, the Company issued 325,000 shares of Common Stock having a
value of $4,916,000 in connection with the buyout of the contract with its
former advisor.

In April 1995, a property was purchased for $5,197,000 which included the
Company's assumption of $2,094,000 in non-recourse mortgages.

   The accompanying notes are an integral part of the financial statements.

                                      -4-

<PAGE>
 
                           BRADLEY REAL ESTATE, INC.
                           -------------------------

                 STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                 --------------------------------------------
                                  (unaudited)

<TABLE>
<CAPTION>  
                                                                                              Retained
                                                                                              Earnings
                                                                                           (Distributions
                                                                         Additional         in Excess of
                                                          Shares          Paid-In           Accumulated
                                                       at par value       Capital            Earnings)
                                                     ----------------  --------------    ------------------
<S>                                                  <C>               <C>               <C> 
Balance at December 31, 1994                              $82,000       $103,251,000        ($8,754,000)
  Net income                                                 -                -               1,835,000
  Cash distributions                                             
    ($.33 per share)                                         -                -              (2,812,000)
  Dividend reinvestment participation                        -               119,000              -    
  Shares issued in buyout of contract                       3,000          4,913,000              -    
  Reorganization costs                                       -              (617,000)             -    
                                                     ----------------  --------------    ------------------
Balance at March 31, 1995                                  85,000        107,666,000         (9,731,000)
  Net income                                                 -                -               1,638,000
  Cash distributions                                                                
    ($.33 per share)                                         -                -              (2,878,000)
  Dividend reinvestment participation                        -                39,000              -    
  Shares issued to purchase property                        2,000          3,101,000              -    
  Stock options exercised                                    -               128,000              -    
                                                     ----------------  --------------    ------------------
Balance at June 30, 1995                                   87,000        110,934,000        (10,971,000)
  Net income                                                 -                -               2,357,000
  Cash distributions                                                                
    ($.33 per share)                                         -                -              (3,703,000)
  Dividend reinvestment participation                        -                46,000              -    
  Issuance of shares net of offering                                                                   
  costs of $2,595,000                                      25,000         37,380,000              -    
                                                     ----------------  --------------    ------------------
Balance at September 30, 1995                            $112,000       $148,360,000       ($12,317,000)
                                                     ================  ==============    ==================
</TABLE>      

   The accompanying notes are an integral part of the financial statements.

                                      -5-
<PAGE>
 
                           BRADLEY REAL ESTATE, INC.
                         NOTES TO FINANCIAL STATEMENTS
                         -----------------------------
                                  (unaudited)



NOTE 1 - BASIS OF PRESENTATION

The accompanying interim financial statements have been prepared by the Company,
without audit, and in the opinion of management reflect all normal recurring
adjustments necessary for a fair presentation of results for the unaudited
interim periods presented. Net income per share and weighted-average shares
outstanding have been restated on the statements of income to reflect the one-
for-two reverse share split, effective on October 17, 1994.  Certain information
and footnote disclosures normally included in financial statements prepared in
accordance with generally accepted accounting principles have been condensed or
omitted.  It is suggested that these condensed financial statements be read in
conjunction with the financial statements and the notes thereto for the fiscal
year ended December 31, 1994.

NOTE 2 - STOCKHOLDERS' EQUITY

On July 6, 1995, the Company completed a public share offering of 2,500,000
shares at a price of $16 per share.  Net proceeds from the offering were
approximately $37,405,000, of which $32,600,000 was used to pay down the
Company's bank line of credit and $4,712,000 was used to pay off the non-
recourse mortgages assumed in November 1994 in connection with the Westwind
Plaza purchase.

NOTE 3 - UNAMORTIZED BUYOUT OF CONTRACT

In January 1995, the Company acquired the REIT advisory business of its former
advisor thereby enabling the Company to become a self-administered REIT.  This
transaction involved the Company's issuance of 325,000 shares of Common Stock to
the owners of the former advisor.  This acquisition has been accounted for using
the purchase method. The purchase price, including related transaction costs, in
excess of the fair market value of the net identifiable assets acquired, is
approximately $5,565,000.  This amount, recorded on the balance sheet as
unamortized advisory contract costs, is being amortized using the straight-line
method over 56 months.

NOTE 4 - COMMITMENTS/SUBSEQUENT EVENTS

On September 30, 1995, the Company had commitments of approximately $2,400,000
for tenant related capital improvements.  Cash flow from operations and the
Company's revolving bank line of credit are available to fund these
improvements.

                                       6
<PAGE>
 
On October 30, 1995, the Company announced the execution of a definitive merger
agreement pursuant to which the Company would acquire Tucker Properties
Corporation, a real estate investment trust whose shares of Common Stock are
traded on the New York Stock Exchange.  Upon consummation of the transaction,
the Company will own 31 properties aggregating 7.3 million leasable square feet
in 11 states.

Pursuant to the terms of the merger agreement, if the average closing price of
the Company's Common Stock for the 20 trading days prior to the fifth day
preceding the closing is $16.00 per share or more, each share of Tucker Common
Stock will be exchanged for 0.665 of a share of the Company's Common Stock.  If
such average closing price is between $15.50 and $16.00 per share, the exchange
ratio will be $10.64 divided by the average closing price. If the average
closing price is  $15.50 per share or less, the exchange ratio will be 0.686.
The closing price for the Company's Common Stock on October 27, 1995, on the New
York Stock Exchange was $15.00 per share.  The average closing price for the
Company's Common Stock for the 20 trading days ended October 27, 1995, was
$15.89 per share.

The merger is subject to various approvals by third parties and other closing
conditions including approval by the stockholders of both companies.  It is
currently anticipated that the transaction will be closed in the first quarter
of 1996.  The merger has been structured as a tax-free transaction and will be
treated as a purchase for financial reporting purposes.

                                       7
<PAGE>
 
Item 2  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS


Results of Operations
---------------------

          Rental income increased $858,000 or 10% from $8,538,000 for the three-
months ended September 30, 1994 to $9,396,000 for the three-months ended
September 30, 1995 and increased $2,230,000 or 9% from $24,467,000 for the nine
months ended September 30, 1994 to $26,697,000 for the nine months ended
September 30, 1995.  During the three month period approximately $389,000 and
during the nine month period approximately $1,862,000 of the increases reflect
changes in the Company's property portfolio (the acquisitions of Rivercrest
Center, Westwind Plaza and St. Francis Plaza on March 30, 1994, November 1,
1994, and April 18, 1995, respectively, offset by the sale of Spruce Tree Centre
on November 1, 1994,); and approximately $471,000 and $424,000 of the increases
resulted from net increased revenues of certain other properties in the
Company's portfolio. The increase in other income from $62,000 during the nine
months ended September 30, 1994 to $141,000 during 1995 reflect the Company's
receipt of approximately $26,000 related to a tax abatement at one of its
properties, approximately $29,000 in interest earned on funds from a tax escrow
account and approximately $49,000 in termination fees from tenants during the
first half of 1995.

          Total expenses increased $334,000 or 5% from $6,720,000 for the three
month period ended September 30 1994 to $7,054,000 for the three-month period
ended September 30, 1995 and $2,417,000 or 13% from $18,591,000 to $21,008,000
for the nine-month period then ended.  Of the increased expenses, $100,000 and
$703,000 for the three-month and nine-month periods, respectively, were
attributable to the portfolio changes described in the preceding paragraph.
Operations, maintenance and management increased $232,000 from $1,341,000 to
$1,573,000 for the three-month period and $381,000 from $3,854,000 to $4,235,000
for the nine-month period.  Real estate taxes increased $263,000 from $2,112,000
to $2,375,000 for the three-month period and increased $76,000 from $6,304,000
to $6,380,000 for the nine-month period.  In the three-month period the increase
was primarily due to tax rate increases at the Company's Illinois properties
resulting in a tax increase of approximately $300,000, net of $22,000 in taxes
capitalized in 1995.  In the nine-month period the taxes increased by $136,000
due to the portfolio changes and by $276,000 due to tax increases at various of
the properties. These increases were offset by $163,000 in tax reductions at two
properties due to tax abatements, $47,000 in tax expense reduction due to
certain tenants paying the taxing authority directly in 1995 but not 1994 and a
decrease of $120,000 due to capitalized taxes in 1995.

          Mortgage and other interest decreased $384,000 from $1,227,000 to
$843,000 for the three-month period primarily due to the application of the net
proceeds from the Company's July 1995 offering of $37,405,000 which reduced the
line of credit  by

                                       8
<PAGE>
 
$32,600,000 and paid off the Westwind property mortgages of $4,712,000.  For the
nine-month period, mortgage and other interest expense increased $726,000 from
$3,100,000 to $3,826,000.  Higher prevailing interest rates in 1995, additional
borrowings under the line of credit to purchase Rivercrest ($24,000,000) and the
assumption of $4,890,000 and $2,094,000 in mortgages in connection with the
Westwind Plaza and St. Francis Plaza acquisitions, respectively, more than
offset the reduction in the line of credit from the proceeds of the July 1995
offering.

          Depreciation and amortization increased $486,000 from $1,365,000 to
$1,851,000 for the three-month period and increased $1,721,000 from $3,692,000
to $5,413,000 for the nine-month period primarily due to the acquisition of
properties, other capital improvements to the Company's properties and to the
amortization of the excess of the purchase price over the net assets acquired
related to the Company's January 1995 acquisition of the REIT advisory business
of the Company's former advisor; the Company is amortizing the excess amount at
the rate of $299,000 per quarter.  The $263,000 decrease in administrative and
general from $675,000 to $412,000 for the three-month period and $487,000 from
$1,641,000 to $1,154,000 for the nine-month period, primarily reflects savings
from the Company being self-administered in 1995.

          The aggregate result for the three-month period was a $507,000 or 27%
increase in net income from $1,850,000 ($.23 per share) in 1994 to $2,357,000
($.21 per share) and for the nine-month period a $108,000 or 2% decrease in net
income from $5,938,000 ($.72 per share) to $5,830,000 ($.62 per share).  Per
share amounts reflect weighted-average shares outstanding of 11,087,721 and
8,192,606, for the three months ended September 30, 1995 and September 30, 1994,
respectively, and of 9,404,449 and 8,190,560 for the nine-months ended September
30, 1995 and 1994, respectively.


Changes in Financial Condition
------------------------------

          As a qualified REIT, the Company distributes a substantial portion of
its cash flow to its stockholders in the form of dividends.  The Company funds
these distributions primarily from operating cash flows, although its revolving
line of credit may also be used. Net cash flows provided by operating activities
increased to $11,833,000 during the first nine months of 1995 from $7,201,000
during the comparable 1994 period, while distributions (treated as a charge to
cash flows from financing activities in the Company's financial statements) were
$9,393,000 in 1995 compared with $7,863,000 in 1994.

          Funds from operations ("FFO") increased $993,000 or 31% from
$3,215,000 to $4,208,000 for the three-month period ended September 30, 1995 and
increased $1,613,000 or 17% from $9,630,000 to $11,243,000 for the nine-month
period then ended, over the comparable periods in 1994.  The Company generally
considers FFO to be an appropriate supplemental measure of the performance of an
equity REIT because it is predicated on a cash flow analysis, as opposed to a
measure predicated on generally accepted accounting principles, which gives
effect to non-cash items such as depreciation.

                                       9
<PAGE>
 
FFO, as defined by the National Association of Real Estate Investment Trusts and
as followed by the Company, represents net income (computed in accordance with
generally accepted accounting principles), excluding gains (or losses) from debt
restructuring and sales of property, plus depreciation and amortization, and
after adjustments for unconsolidated partnerships and joint ventures.
Adjustments for unconsolidated partnerships and joint ventures will be
calculated to reflect FFO on the same basis.  Since the definition of FFO is a
guideline, computation of FFO may vary from one REIT to another.  FFO does not
represent cash generated from operating activities in accordance with generally
accepted accounting principles and should not be considered as an alternative to
net income as an indicator of the Company's operating performance or as an
alternative to cash flow as a measure of liquidity.  In addition, FFO is not
necessarily indicative of cash available to fund cash needs.

          On July 6, 1995, the Company completed a public share offering of
2,500,000 shares of Common Stock at a price of $16 per share.  Net proceeds from
the offering were approximately $37,405,000, of which $32,600,000 was used to
pay down the Company's revolving bank line of credit and $4,712,000 was used to
pay off the non-recourse mortgages assumed in November 1994 in connection with
the acquisition of Westwind Plaza.  Largely due to the offering, the Company's
aggregate debt outstanding was reduced from $71,458,000 at June 30, 1995  to
$34,667,000 at September 30, 1995. Adjustable rate debt as a percent of total
market capitalization (defined as the percentage of (a) outstanding variable
rate debt to (b) outstanding debt plus the market value of outstanding Common
Stock (using the September 30, 1995 closing price of $16 per share)) was reduced
from 19.8% to 4.6%, thereby greatly reducing the Company's exposure to the
impact of increases in interest expense on earnings.

          At September 30, 1995, the Company had commitments of approximately
$2,400,000 for tenant related capital improvements, approximately $1,400,000 of
which relates to two additional major tenants at Har Mar Mall.  The 45,000
square foot reconstruction of a new Barnes & Noble book store was completed as
scheduled and the store opened for business June 15, 1995.  The Company has
incurred approximately $1,466,000 in costs related to this reconstruction and,
upon submission of final construction documents by Barnes & Noble, is obligated
to pay $750,000 for reimbursement of the tenant's capital improvements.
Construction for the 54,500 square foot HOMEPLACE store, of which 27,000 square
feet is new space, was completed in the third quarter, and HOMEPLACE opened for
business in late September 1995.  The Company has incurred approximately
$1,800,000 in tenant capital improvements and upon submission of final
construction documents is obligated to pay an additional $619,000.

          On October 30, 1995, the Company announced the execution of a
definitive merger agreement pursuant to which the Company would acquire Tucker
Properties Corporation, another real estate investment trust whose shares of
Common Stock are traded on the New York Stock Exchange.  Upon consummation of
the transaction, the Company will own 31 properties aggregating 7.3 million
leasable square feet in 11 states.

                                       10
<PAGE>
 
          Pursuant to the terms of the merger agreement, if the average closing
price of the Company's Common Stock for the 20 trading days prior to the fifth
day preceding the closing is $16.00 per share or more, each share of Tucker
Common Stock will be exchanged for 0.665 of a share of the Company's Common
Stock.  If such average closing price is between $15.50 and $16.00 per share,
the exchange ratio will be $10.64 divided by the average closing price. If the
average closing price is $15.50 per share or less, the exchange ratio will be
0.686.  The closing price for the Company's Common Stock on October 27, 1995, on
the New York Stock Exchange was $15.00 per share.  The average closing price for
the Company's Common Stock for the 20 trading days ended October 27, 1995, was
$15.89 per share.

          The merger is subject to various approvals by third parties and other
closing conditions including approval by the stockholders of both companies.  It
is currently anticipated that the transaction will be closed in the first
quarter of 1996.  The merger has been structured as a tax-free transaction and
will be treated as a purchase for financial reporting purposes.

          At September 30, 1995, the Company had $982,000 in cash and $55.2
million available and unused under its bank line of credit. The Company expects
to utilize undistributed net cash flow from operating activities as well as
funds available under the bank line of credit to fund its existing commitments
for capital improvements as well as any other property improvement commitments
negotiated in connection with other new tenancies and fees and expenses incurred
in connection with the Tucker acquisition.  The line of credit is also available
to fund other property acquisitions that the Company may make.  The Company
anticipates using the line of credit to pay off  approximately $12,000,000 of
mortgage debt (having a weighted-average rate of interest of 10.5%)  upon the
January 1, 1996 maturity of such debt.  The Company is negotiating the
refinancing of the bank line of credit with the current lender, among other
things to increase the borrowing capacity under the line to include the
outstanding bank line of credit borrowings of Tucker which the Company will
assume at the time of the merger and to provide for additional borrowings for
potential further expansion thereafter.

          Under a "universal" shelf registration statement in the original
amount of $125,000,000 declared effective by the Security and Exchange
Commission in January 1995, the Company may issue up to $81,897,500  of
additional securities for cash.  The Company's decision as to the timing and
type of security that it might issue under the registration statement will
depend upon a variety of factors including the availability of suitable
investment opportunities and market conditions.

                                       11
<PAGE>
 
                                   SIGNATURES
                                   ----------

  Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this amendment to be signed on its behalf by the
undersigned thereto duly authorized.

Date:  February 6, 1996
                                          Bradley Real Estate, Inc.
                                          -------------------------
                                               (Registrant)



                                     By:  /s/ Irving E. Lingo, Jr.
                                          ------------------------
                                          Irving E. Lingo, Jr.   
                                          Chief Financial Officer 

                                       12