Arden Realty, Inc. Announces Fourth Quarter 2002 Dividend.Business Editors LOS ANGELES--(BUSINESS WIRE)--Dec. 11, 2002 Arden Realty, Inc. (NYSE NYSE See: New York Stock Exchange :ARI ARI Acute respiratory infection, see there ) today announced that its Board of Directors has declared its regular fourth quarter 2002 dividend of $0.505 per common share. The dividend will be paid on January 22, 2003, to shareholders of record of common stock at the close of business on December 31, 2002. This dividend is equivalent to an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. dividend of $2.02 per common share. Arden Realty, Inc. is a self-administered, self-managed REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). that owns, manages, leases, develops, renovates and acquires commercial office properties located in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Arden is the largest publicly-traded office landlord in Southern California, with 137 properties, consisting of 223 buildings and approximately 19.4 million net rentable square feet of office space, including two properties with 566,000 square feet under development. For more information on the company, visit the Arden website at www.ardenrealty.com. Statements in this news release that are not historical may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Although the company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the company's expectations include the availability and cost of capital for future investments, competition within the industry, real estate and economic conditions, and other risks detailed from time to time in the company's Securities and Exchange Commission filings. |
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