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SIZELER PROPERTY INVESTORS DECLARES DIVIDEND

 KENNER, La., July 23 /PRNewswire/ -- Sizeler Property Investors, Inc.'s (NYSE: SIZ) board of directors announced today a $.26 per share dividend, payable on Sept. 2, to shareholders of record as of the close of business on Aug. 13.
 Sizeler Property Investors, Inc. is an equity real estate investment trust (REIT) which invests in income-producing properties in the southern U.S. At June 30, the company's real estate portfolio 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 10 apartment complexes. The properties are located in Louisiana (14), Florida (4), Alabama (4), and Texas (1). Leasable area of the retail centers totals approximately 1.9 million square feet, and the apartment properties consist of approximately 2,300 units.
 Sizeler Property Investors, Inc.'s common stock (SIZ) and Convertible Debentures (SIZ 03) are traded on the New York Stock Exchange.
 -0- 7/23/93
 /CONTACT: John J. Gilluly Jr., vice president and treasurer of Sizeler Property Investors, 504-466-5363 or, home, 504-833-4773/
 (SIZ)


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

BR-BN -- AT006 -- 5084 07/23/93 11:08 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
Words:196
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