SAN FRANCISCO, Aug. 7 -- BRE PROPERTIES, INC.
(NYSE: BRE) today announced its board of directors approved regular common
and preferred stock dividends for the quarter ending September 30, 2006.
All common and preferred dividends will be payable on Friday, September 29,
2006 to shareholders of record on Friday, September 15, 2006.
The quarterly common dividend payment of $0.5125 is equivalent to $2.05
per common share on an annualized basis, and represents a yield of
approximately 3.4% on Friday's closing price of $60.17 per share. BRE has
paid uninterrupted quarterly dividends to shareholders since the company's
founding in 1970.
The 8.08% Series B preferred dividend is $0.505 per share; the 6.75%
Series C preferred dividend is $0.421875 per share; and the 6.75% Series D
preferred dividend is $0.421875 per share.
About BRE
BRE Properties -- a real estate investment trust -- develops, acquires
and manages apartment communities convenient to its residents' work,
shopping, entertainment and transit in supply-constrained Western U.S.
markets. BRE directly owns and operates 78 apartment communities totaling
21,978 units in California, Arizona and Washington. The company currently
has 10 other properties in various stages of development and construction,
totaling 2,701 units, and joint venture interests in nine additional
apartment communities, totaling 2,661 units. As of 6/30/06.
