BRE Properties declares quarterly dividend.SAN FRANCISCO--(BUSINESS WIRE)--Nov. 27, 1995--BRE Properties Inc. (NYSE NYSE See: New York Stock Exchange : BRE (Business Rules Engine) Software that automates policies and procedures within an organization, whether legal, internal or operational. The use of a rules engine (BRE) requires placing the company rules in an external repository that can be easily reviewed rather than ) today declared a quarterly dividend of $.63 per common share, payable Dec. 21, 1995, to shareholders of record Dec. 8, 1995. The quarterly dividend of $.63 per share is equivalent to $2.52 per share on an annual basis. BRE has paid dividends continuously since the company commenced operations in 1970. The dividend announced today extends to 101 the number of consecutive quarters in which BRE has paid a dividend to shareholders. BRE Properties Inc. is a self-administered equity real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) which primarily owns and operates apartment communities in the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . BRE has ownership interests in 8,794 apartment units in eight defined markets in California, Arizona, Washington and Oregon. CONTACT: BRE Properties Inc. Lauren L. Barr, 415/445-6523 or Healy Partners & Co. Maury Healy, 415/546-6166 |
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