BED Bedford Property Inv

Bedford Property Investors, Inc. (NYSE:BED) announced today that its board of directors has declared a dividend of $1.09375 per share of the company's Series A Cumulative Redeemable Preferred Stock and a dividend of $0.47656 per share of the company's Series B Cumulative Redeemable Preferred Stock. The dividends on the Series A preferred stock are payable on July 15, 2005 to the holders of record of the Series A preferred stock as of June 30, 2005, and the dividends on the Series B preferred stock are payable on July 15, 2005 to the holders of record of the Series B preferred stock as of June 30, 2005. Bedford Property Investors is a self-administered equity real estate investment trust with investments in suburban office buildings and industrial properties concentrated in the western United States. Its common stock is traded on the New York Stock Exchange and the Pacific Exchange under the symbol "BED," and its website address is www.bedfordproperty.com.