Keystone Property Trust Announces Quarterly Dividend and Announces Plans for Fourth Quarter and Year End 2003 Earnings Results
January 06 2004 - 7:30AM
PR Newswire (US)
Keystone Property Trust Announces Quarterly Dividend and Announces
Plans for Fourth Quarter and Year End 2003 Earnings Results WEST
CONSHOHOCKEN, Pa., Jan. 6 /PRNewswire-FirstCall/ -- Keystone
Property Trust today announced that its Board of Trustees has
declared a dividend of $0.33 per common share payable on January
30, 2004 to shareholders of record as of January 16, 2004. The
dividend represents an annualized rate of $1.32 per share. The
Board of Trustees has also declared a dividend of $0.5703125 per
share of Series D Cumulative Redeemable Preferred Stock
(NYSE:KTRPrD) payable on January 30, 2004 to shareholders of record
as of January 16, 2004. This dividend represents an annualized rate
of $2.28125 per preferred share. In addition, Keystone today
announced details for the release of its results for the quarter
and year ended December 31, 2003. The Company plans to issue its
fourth quarter and full-year release after the market closes on
Tuesday, January 27, 2004, and have a follow-up conference call at
11:00 a.m. Eastern Time on Wednesday, January 28, 2004. The
toll-free call-in number is 1-800-289-0437, confirmation code
371528. Callers are encouraged to dial in five to ten minutes prior
to the start time to ensure that they participate from the
beginning of the call. A replay of the conference call will be
available starting at 2:00 p.m. on that day through February 11,
2004 until 8:00 p.m. Eastern Time. The telephone number for the
replay is 1-719-457- 0820, confirmation code 371528. Additional
information about Keystone's quarterly results can be found in the
supplemental information package, which will be posted to the
Company's website on January 27, 2004 in the Financial Reports
section under Investor Relations. Interested followers are
encouraged to join a webcast of the call which can be accessed
through the Company website at http://www.keystoneproperty.com/
under Investor Relations. Listeners are encouraged to log-on five
to ten minutes prior to start time to ensure participation from the
beginning. Followers unable to participate in the live webcast can
access the archive on the website under Investor Relations.
Keystone Property Trust, with headquarters in West Conshohocken,
Pennsylvania, is a fully integrated real estate investment trust
with a current portfolio of 141 properties, including properties
under development, aggregating 33 million square feet in the
Eastern half of the United States. For more information, contact
Aleathia M. Hoster at (212) 527-9900, send email to or visit the
Company website at http://www.keystoneproperty.com/. This press
release may contain statements which constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements regarding the intent,
belief or current expectations of the Company, its trustees, or its
officers with respect to the future operating performance of the
Company and the result and the effect of legal proceedings.
Investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those in the forward-looking statements as a result of various
factors. Important factors that could cause such differences are
described in the Company's periodic filings with the Securities and
Exchange Commission, including the Company's Form 10-K and
quarterly reports on Form 10-Q. DATASOURCE: Keystone Property Trust
CONTACT: Aleathia M. Hoster, Keystone Property Trust,
+1-212-527-9900; or MEDIA CONTACT: Michael Beckerman,
+1-908-781-6420 email: , for Keystone Property Trust Web site:
http://www.keystoneproperty.com/
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