AmREIT Recaps 2002 Dividends.Business Editors HOUSTON--(BUSINESS WIRE)--March 3, 2003 AmREIT (AMEX AMEX See: American Stock Exchange :AMY A`my´ n. 1. A friend. ), a Texas-based real estate investment trust ("REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ") recaps its 2002 dividends and reports 2002 annual per share dividends represent a 30.3% increase over 2001 annual per share dividends. The following dividends were paid out to shareholders of record of its Class A common stock:
Payable Date: Rate per share:
------------------ ---------------
March 29, 2002 $0.068
June 28, 2002 $0.072
September 30, 2002 $0.095
October 31, 2002 $0.030 (a)
November 29, 2002 $0.034
December 31, 2002 $0.036
(a) Previously reported as $0.033.
AmREIT moved from quarterly dividends to monthly dividends in October, in order to better align the Company with the needs of its investors. The above dividends represent $0.335 per share compared to $0.257 dividends per share Dividends per share Dividend paid for the past 12 months divided by the number of common shares outstanding, as reported by a company. The number of shares often is determined by a weighted average of shares outstanding over the reporting term. during 2001. AmREIT is a real estate company dedicated to the ownership, development and acquisition of commercial real estate specializing in general retail, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and banking, medical and restaurant sectors, and the sponsorship of quality real estate investment opportunities through the independent financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against community. AmREIT's focus is to be the highest quality real estate sponsor, creating dependable, increasing, monthly income to investors through the ownership of irreplaceable corners and frontage shopping centers on lease to companies such as Goodyear Tire, Washington Mutual, IHOP IHOP International House Of Pancakes (restaurant chain) iHOP Information Hyperlinked Over Proteins IHOP International House of Prayer IHOP International H2O Project IHOP International House of Pain , McDonalds, Memorial Herman Hospital, RadioShack, Sprint, Coldwell Banker, Jack in the Box, Guaranty Federal, Bennigan's, Chili's, Texas Children's Hospital Texas Children's Hospital is an internationally recognized pediatric hospital located in the Texas Medical Center in Houston. With 639 licensed beds and 465 beds in operation, Texas Children's is the largest children's hospital in the United States. , and Discount Tire. For further information, contact Chad C. Braun, AmREIT, 8 Greenway Plaza, Suite 824, Houston, TX 77046, 713/850-1400, cbraun@amreit.com. In addition to historical information, this press release contains forward-looking statements 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. |
|
|||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion