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SIZELER PROPERTY INVESTORS, INC. DECLARES DIVIDEND

 KENNER, La., Jan. 29 /PRNewswire/ -- Sizeler Property Investors, Inc.'s (NYSE: SIZ) board of directors announced today a $.26 per share dividend, payable on March 5 to shareholders of record as of the close of business on Feb. 17.
 At Dec. 31, 1992, the company's real estate properties consisted of two enclosed shopping malls, one "power" shopping center (a large community shopping center, anchored by market-dominant retail merchants), 10 community shopping centers, and seven apartment complexes containing 1,138 units. The properties are located in Louisiana (14), Florida (3), Alabama (2), and Texas (1). Leasable area of the retail properties totals approximately 1.9 million square feet. At Dec. 31, 1992, the average aggregate occupancy rate at the company's retail properties was approximately 93 percent. The apartment complexes were 98 percent leased.
 Sizeler Property Investors, Inc.'s common stock is traded on the New York Stock Exchange. At Dec. 31, 1992, the company had assets totaling $132 million.
 -0- 1/29/93
 /CONTACT: John J. Gilluly Jr., vice president/treasurer of Sizeler Property Investors, 504-466-5363 or, home, 504-833-4773/
 (SIZ)


CO: Sizeler Property Investors, Inc. ST: Louisiana IN: SU: DIV

BN-RA -- AT004 -- 0780 01/29/93 13:01 EST
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Publication:PR Newswire
Date:Jan 29, 1993
Words:198
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