AmREIT Announces Increase in Second Quarter Dividends.Business Editors HOUSTON--(BUSINESS WIRE)--April 13, 2004 AmREIT (AMEX AMEX See: American Stock Exchange :AMY A`my´ n. 1. A friend. ), a Texas-based real estate investment trust, today announced its eighteenth consecutive quarterly dividend increase on its class A common shares. The Board of Trust Managers of AmREIT today declared a class A dividend of $.118 that will be paid in three monthly installments of $.0392 on April 30, 2004, $.0394 on May 31, 2004 and $.0396 on June 30, 2004 to holders of record of class A common shares on April 20, 2004, May 20, 2004 and June 21, 2004, respectively. Additionally, the Board of Trust Managers declared a dividend on its class B and C common shares for the fourth quarter of $.185 per class B share and $.175 per class C share. The dividend on the class B shares will be paid on June 30, 2004 to holders of record on June 21, 2004. The dividend on the class C shares will be paid in three monthly installments of $.0583 on April 30, 2004, $.0583 on May 31, 2004 and $.0583 on June 30, 2004 to holders of record of class C common shares on April 20, 2004, May 20, 2004 and June 21, 2004, respectively. AmREIT, a self-managed real estate investment firm, has been acquiring, developing, and managing high quality commercial retail real estate to generate monthly income and growth opportunities for investors for more than 19 years. A rapidly growing publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , AmREIT is known for its ownership of "irreplaceable corners" -- premier retail frontage properties in high-traffic, highly populated pop·u·late tr.v. pop·u·lat·ed, pop·u·lat·ing, pop·u·lates 1. To supply with inhabitants, as by colonization; people. 2. areas. These properties are leased to high-end multi-tenant shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , grocery anchored centers and regional and national single tenants. Its business model consists of a publicly traded REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). that is supported by three synergistic businesses -- a real estate operating and development business, a securities business and a retail partnership business. This unique structure gives AmREIT access to the intellectual and financial capital required to support a rapid growth platform. For further information, contact Chad C. Braun, AmREIT, 8 Greenway Plaza Greenway Plaza is a master-planned mixed-use development off of U.S. Highway 59 in Houston, Texas, five miles (8 kilometers) west of Downtown Houston and three miles (5 kilometers) east of Uptown Houston. , Suite 824, Houston, TX 77046, 713-860-4924, cbraun@amreit.com. In addition to historical information, this press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. under the federal securities law. These statements are based on current expectations, estimates and projections about the industry and markets in which AmREIT operates, management's beliefs and assumptions made by management. Past performance is not indicative of future returns. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. |
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