CRT Properties, Inc. Announces Dividend on Preferred Stock
August 18 2005 - 10:52AM
Business Wire
CRT Properties, Inc. (NYSE:CRO) announced today that its Board of
Directors declared a dividend of $0.53125 per the Company's 8 1/2%
Series A Cumulative Redeemable Preferred shares to be paid on
September 15, 2005 to shareholders of record on September 1, 2005.
This dividend covers the quarter beginning June 15, 2005 through
September 14, 2005. About CRT Properties, Inc. CRT Properties, Inc.
owns 137 office buildings, containing approximately 11.7 million
rentable square feet, located in more than twenty five office
projects in twelve metropolitan areas in the Southeastern United
States, Texas and Maryland. For more information about CRT
Properties, Inc., contact its website at
http://www.crtproperties.com or Investor Relations, 225 NE Mizner
Boulevard, Suite 200, Boca Raton, Florida 33432-3945, or call
1-800-850-2037. Private Securities Litigation Reform Act of 1995.
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for certain forward-looking statements. The
forward-looking statements contained in this release, including
those that refer to management's plans and expectations for future
operations, prospects and financial condition, are subject to
certain risks and uncertainties. Actual results could differ
materially from current expectations. The words "believe,"
"expect," "anticipate," "intend," "estimate" and other expressions
which are predictions of or indicate future events and trends and
which do not relate to historical matters identify forward-looking
statements. Reliance should not be placed on these statements
because, by their nature, they are subject to known and unknown
risks and can be affected by factors that are beyond the control of
CRT Properties, Inc. Among the factors that could affect the
Company's actual results are changes in general economic
conditions, including changes in the economic conditions affecting
industries in which its principal tenants compete; its ability to
timely lease or re-lease space at current or anticipated rents to
creditworthy tenants; changes in interest rates; future demand for
its debt and equity securities; and its ability to complete current
and future development projects on schedule and on budget. A more
detailed discussion of these and other factors is set forth in the
"Risk Factors" section of the Company's SEC reports and filings,
including its Annual Report on Form 10-K for the year ended
December 31, 2004. For forward-looking statements contained or
incorporated by reference herein, the Company claims the protection
of the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995. The Company
assumes no obligation to update or supplement forward-looking
statements that become untrue because of subsequent events.
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