Catellus Declares First Quarter Dividend
February 11 2004 - 8:23PM
PR Newswire (US)
Catellus Declares First Quarter Dividend SAN FRANCISCO, Feb. 11
/PRNewswire-FirstCall/ -- The Board of Directors of Catellus
Development Corporation today declared a regular cash dividend for
the quarter ending March 31, 2004, of $0.27 per share ofcommon
stock payable on April 15, 2004, to stockholders of record at the
close of business on March 29, 2004. Catellus Development
Corporation is a publicly traded real estate development company
that began operating as a real estate investment trust effective
January 1, 2004. The company owns and operates approximately 38.2
million square feet of predominately industrial property in many of
the country's major distribution centers and transportation
corridors. Catellus' principal objective is sustainable, long-term
growth in earnings, which it seeks to achieve by applying its
strategic resources: a lower-risk/higher- return rental portfolio,
a focus on expanding that portfolio through development, and the
deployment of its proven land development skills to select
opportunities where it can generate profits to recycle back into
its business. More information on the company is available at
http://www.catellus.com/. Except for historical matters, the
matters discussed in this release are forward-looking statements
that involve risks and uncertainties. Forward-looking statements
include, but are not limited to, statements about plans,
opportunities, and development. We caution you not to place undue
reliance on these forward-looking statements, which reflect our
current beliefs and are based on information currently available to
us. We do not undertake any obligation to publicly revise these
forward-looking statements to reflect future events or changes in
circumstances, except as may be required by law. These
forward-looking statements are subject to risks and uncertainties
that could cause our actual results, performance, or achievements
to differ materially from those expressed in or implied by these
statements. In particular, among the factors that could cause
actual results to differ materially are: changes in the real estate
market or in general economic conditions, including a worsening
economic slowdown or recession; product and geographical
concentration; industry competition; availability of financing and
changes in interest rates and capital markets; changes in insurance
markets; discretionary government decisions affecting the use of
land, and delays resulting therefrom; changes in the management
team; weather conditions and other natural occurrences that may
affect construction or cause damage to assets; changes in income
taxes or tax laws; liability for environmental remediation and
changes in environmental laws and regulations; failure or inability
of third partiesto fulfill their commitments or to perform their
obligations under agreements; failure of parties to reach agreement
or definitive terms or to close transactions; increases in the cost
of land and construction materials and availability of properties
for future development; limitations on, or challenges to, title to
our properties; risks related to the financial strength of joint
venture projects and co-owners; changes in policies and practices
of organized labor groups; shortages or increased costs of
electrical power; other risks inherent in the real estate business;
and acts of war, other geopolitical events and terrorists
activities that could adversely affect any of the above factors.
For further information, including more detailed risk factors, you
should refer to Catellus Development Corporation's annual report on
Form 10-K/A for the fiscal year ended December 31, 2002, and its
reports on Form 10-Q for the quarters ended March 31, 2003, June
30, 2003, and September 30, 2003, filed with the Securities and
Exchange Commission ("SEC"), as well as the proxy
statement/prospectus filed with the SEC on August 15, 2003.
Contact: Derek Fritz, Investor Relations of Catellus Development
Corporation, +1-415-974-3781. DATASOURCE: Catellus Development
Corporation CONTACT: Derek Fritz, Investor Relations of Catellus
Development Corporation, +1-415-974-3781 Web site:
http://www.catellus.com/
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