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THE PRICE REIT INC. ANNOUNCES DIVIDENDS

 SAN DIEGO, Nov. 30 /PRNewswire/ -- The Board of Directors of The Price REIT Inc. (NASDAQ-NMS: PRET and PRETB) declared a fourth quarter distribution of $0.60 per share for the Series A common stock and $0.63 per share for the Series B common stock. The distributions are payable Dec. 30 to shareholders of record on Dec. 10.
 The Price REIT Inc. is a self-administered, self-managed, fully integrated real estate investment trust. The company's strategy is to own and manage power centers anchored by national retail warehouse tenants. The company's business objective is to continue to increase its funds from operations and the value of its properties through the acquisition or development of additional properties, contractual rent increases and/or percentage rents, reletting of existing space at higher rents, and expansion or remodeling of existing properties. The company has invested assets of approximately $300 million and now owns 12 retail properties located in six states with approximately 3.4 million square feet of gross leasable area, with an overall occupancy rate in excess of 98 percent.
 -0- 11/30/93
 /CONTACT: George Jezek of The Price REIT, 619-551-2320/
 (PRET PRETB)


CO: The Price REIT Inc. ST: California IN: SU: DIV

NY-JB -- SD003 -- 8852 11/30/93 15:28 EST
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Publication:PR Newswire
Date:Nov 30, 1993
Words:209
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