CenterPoint Properties Declares Third Quarter 2005 Dividends.OAK BROOK, Ill. -- CenterPoint Properties Trust (NYSE NYSE See: New York Stock Exchange :CNT (Carbon NanoTube) See nanotube. ) today announced that its Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. has declared a third quarter 2005 dividend of $0.4275 per common share, to be paid July 28, 2005 to shareholders of record July 14, 2005. On 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. basis, this equates to $1.71 per share for the year 2005. The Board of Trustees also declared a dividend of $0.9375 per share of its 7.50% Series B Convertible Cumulative Redeemable Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. (NYSE:CNTPRB) to be paid September 30, 2005 to shareholders of record September 16, 2005. About CenterPoint Properties Trust CenterPoint is a publicly traded real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) and the largest industrial property company in the 1.4-billion-square-foot Chicago regional market. As of March 31, 2005, the Company owned and operated approximately 40.1 million square feet and the Company and its affiliates owned or controlled an additional 3,329 acres of land upon which approximately 52 million square feet could be developed. The Company is focused on providing unsurpassed tenant satisfaction and adding value to its shareholders through customer driven management, investment, development and redevelopment of warehouse, distribution, light manufacturing buildings and logistics infrastructure. The first major REIT to focus on the industrial property sector, CenterPoint had a total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. of approximately $3.0 billion as of March 31, 2005. Statements in this release, which are not historical, may be deemed forward-looking statements under federal securities laws. There can be no assurance that future results will be achieved and actual results could differ materially from forecasts and estimates. Factors that could cause actual results to differ materially are general business and economic conditions, completion of pending acquisitions, competitive market conditions, weather, pricing of debt and equity capital markets and other risks inherent in the real estate business. Such factors and others are listed in the Company's Form 10-K and 10-Qs. |
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