AMB Property Corporation(R) Declares Quarterly Dividends
September 22 2009 - 4:01PM
PR Newswire (US)
SAN FRANCISCO, Sept. 22 /PRNewswire-FirstCall/ -- The Board of
Directors of AMB Property Corporation (NYSE:AMB) declared a regular
cash dividend for the quarter ending September 30, 2009 of $0.28
per common share. The dividend will be payable on October 15, 2009
to common stockholders of record at the close of business on
October 5, 2009. The Board also declared a dividend of $0.40625 per
share on the company's 6.5% Series L Cumulative Redeemable
Preferred Stock (NYSE:AMBNYSE:PrL) for the period commencing on and
including July 15, 2009 and ending on and including October 14,
2009. The dividend will be payable on October 15, 2009 to Series L
stockholders of record at the close of business on October 5, 2009.
The Board further declared a dividend of $0.421875 per share on the
company's 6.75% Series M Cumulative Redeemable Preferred Stock
(NYSE:AMBNYSE:PrM) for the period commencing on and including July
15, 2009 and ending on and including October 14, 2009. The dividend
will be payable on October 15, 2009 to Series M stockholders of
record at the close of business on October 5, 2009. The Board
further declared a dividend of $0.4375 per share on the company's
7.0% Series O Cumulative Redeemable Preferred Stock
(NYSE:AMBNYSE:PrO) for the period commencing on and including July
15, 2009 and ending on and including October 14, 2009. The dividend
will be payable on October 15, 2009 to Series O stockholders of
record at the close of business on October 5, 2009. The Board
further declared a dividend of $0.428125 per share on the company's
6.85% Series P Cumulative Redeemable Preferred Stock
(NYSE:AMBNYSE:PrP) for the period commencing on and including July
15, 2009 and ending on and including October 14, 2009. The dividend
will be payable on October 15, 2009 to Series P stockholders of
record at the close of business on October 5, 2009. AMB Property
Corporation. Local partner to global trade.(TM) AMB Property
Corporation is a leading owner, operator and developer of
industrial real estate, focused on major hub and gateway
distribution markets in the Americas, Europe and Asia. As of June
30, 2009, AMB owned, or had investments in, on a consolidated basis
or through unconsolidated joint ventures, properties and
development projects expected to total approximately 156.9 million
square feet (14.6 million square meters) in 48 markets within 14
countries. AMB invests in properties located predominantly in the
infill submarkets of its targeted markets. The company's portfolio
is comprised of High Throughput Distribution facilities--industrial
properties built for speed and located near airports, seaports and
ground transportation systems. AMB's press releases are available
on the company website at http://www.amb.com/ or by contacting the
Investor Relations department at +1 415 394 9000. Some of the
information included in this press release contains forward-looking
statements, such as the payment of dividends, which are made
pursuant to the safe-harbor provisions of Section 21E of the
Securities Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1933, as amended. Because these forward-looking
statements involve risks and uncertainties, there are important
factors that could cause our actual results to differ materially
from those in the forward-looking statements, and you should not
rely on the forward-looking statements as predictions of future
events. The events or circumstances reflected in forward-looking
statements might not occur. You can identify forward-looking
statements by the use of forward-looking terminology such as
"believes," "expects," "may," "will," "should," "seeks,"
"approximately," "intends," "plans," "pro forma," "estimates" or
"anticipates" or the negative of these words and phrases or similar
words or phrases. You can also identify forward-looking statements
by discussions of strategy, plans or intentions. Forward-looking
statements are necessarily dependent on assumptions, data or
methods that may be incorrect or imprecise and we may not be able
to realize them. We caution you not to place undue reliance on
forward-looking statements, which reflect our analysis only and
speak only as of the date of this report or the dates indicated in
the statements. We assume no obligation to update or supplement
forward-looking statements. The following factors, among others,
could cause actual results and future events to differ materially
from those set forth or contemplated in the forward-looking
statements: defaults on or non-renewal of leases by tenants or
renewal at lower than expected rent or failure to lease at all or
on expected terms, decreases in real estate values and impairment
losses, our failure to obtain, renew or extend financing or
re-financing, risks related to debt and equity security financings
(including dilution risk), our failure to divest properties we have
contracted to sell or to timely reinvest proceeds from any
divestitures, failure to maintain our current credit agency ratings
or comply with our debt covenants, international currency and
hedging risks, financial market fluctuations, changes in general
economic conditions, global trade or in the real estate sector,
inflation risks, a downturn in the U.S., California or global
economy, increased interest rates and operating costs or greater
than expected capital expenditures, risks related to suspending,
reducing or changing our dividends, our failure to contribute
properties to our co-investment ventures, risks related to our
obligations in the event of certain defaults under co-investment
ventures and other debt, difficulties in identifying properties to
acquire and in effecting acquisitions, our failure to successfully
integrate acquired properties and operations, risks and
uncertainties affecting property development, value-added
conversions, redevelopment and construction (including construction
delays, cost overruns, our inability to obtain necessary permits
and public opposition to these activities), our failure to qualify
and maintain our status as a real estate investment trust, risks
related to our tax structuring, environmental uncertainties, risks
related to natural disasters, changes in real estate and zoning
laws, risks related to doing business internationally and global
expansion, risks of opening offices globally, risks of changing
personnel and roles, losses in excess of our insurance coverage,
unknown liabilities acquired in connection with acquired properties
or otherwise and increases in real property tax rates. Our success
also depends upon economic trends generally, including interest
rates, income tax laws, governmental regulation, legislation,
population changes and certain other matters discussed under the
heading "Risk Factors" and elsewhere in our annual report on Form
10-K for the year ended December 31, 2008. DATASOURCE: AMB Property
Corporation CONTACT: Tracy A. Ward, Vice President, IR &
Corporate Communications, +1-415-733-9565, , or Rachel E. M.
Bennett, Director, Media and Public Relations, +1-415-733-9532, ,
both of AMB Property Corporation Web Site: http://www.amb.com/
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