Commercial Net Lease Realty, Inc. Declares Dividend On 9% Series A Preferred Stock.Business Editors/Real Estate Writers ORLANDO, Fla.--(BUSINESS WIRE)--Aug. 15, 2002 The Board of Directors of Commercial Net Lease Realty, Inc. (NYSE NYSE See: New York Stock Exchange :NNN), an equity real estate investment trust, declared a quarterly dividend on its 9% Series A Non-Voting Preferred Stock of 56.25 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. payable September 13, 2002 to shareholders of record on August 30, 2002. The dividend represents 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. rate of $2.25 per share. Commercial Net Lease Realty, an equity real estate investment trust, invests in high-quality, freestanding retail properties subject to long-term, net leases with major retail tenants, such as Barnes & Noble, Best Buy, Eckerd and OfficeMax. The Company currently owns, either directly or through investment interests, 354 properties in 39 states with total gross leasable area Gross leasable area (GLA) in the retail development industry is a term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented. of approximately 6.7 million square feet. These properties are leased to 106 retailers in 35 lines of trade. |
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