Keystone Property Trust Announces Regular Quarterly Dividend and Plans for 2004 First Quarter Earnings Results Release
April 06 2004 - 10:03AM
PR Newswire (US)
Keystone Property Trust Announces Regular Quarterly Dividend and
Plans for 2004 First Quarter Earnings Results Release WEST
CONSHOHOCKEN, Pa., April 6 /PRNewswire-FirstCall/ -- Keystone
Property Trust today announced that its Board of Trustees has
declared a dividend of $0.33 per common share payable on April 30,
2004, to shareholders of record as of April 16, 2004. The dividend
represents an annualized rate of $1.32 per common share. The Board
of Trustees has declared a dividend of $0.5703125 per share of
Series D Cumulative Redeemable Preferred Stock (NYSE:KTRPrD)
("Series D") payable on April 30, 2004, to shareholders of record
as of April 16, 2004. This dividend represents an annualized rate
of $2.28125 per Series D preferred share. The Board of Trustees has
also declared a dividend of $0.2355903 per share of Series E
Cumulative Redeemable Preferred Stock (NYSE:KTRPrE) ("Series E")
payable on April 30, 2004, to shareholders of record as of April
16, 2004. The dividend is prorated for the period from March 15,
2004, the date of original issuance of the Series E preferred
shares, through April 30, 2004, and represents an annualized rate
of $1.84375 per Series E preferred share. In addition, Keystone
today announceddetails for the release of its results for the
quarter ended March 31, 2004. The Company plans to issue its first
quarter earnings release after the market closes on Tuesday, April
20, 2004, and have a follow-up conference call at 11:00 a.m.
Eastern Time on Wednesday, April 21, 2004. The toll-free call-in
number is 1-800-289-0528, confirmation code 614413. Callers are
encouraged to dial-in five to ten minutes prior to the start time
to ensure that they participate from the beginning of the call. A
replay of the conference call will be available starting at 2:00
p.m. on that day through May 5, 2004 until midnight Eastern Time.
The telephone number for the replay is 1-719-457-0820, confirmation
code 614413. Additional information about Keystone's quarterly
results can be found in the supplemental information package, which
will be posted to the Company's website on April 20, 2004 in the
Financial Reports section under Investor Relations. Interested
followers are encouraged to join a webcastof the call which can be
accessed through the Company website at
http://www.keystoneproperty.com/ under Investor Relations.
Listeners are encouraged to log-on five to ten minutes prior to
start time to ensure participation from the beginning. Followers
unable to participate in the live webcast can access the archive on
the website under Investor Relations. Keystone Property Trust, with
headquarters in West Conshohocken, Pennsylvania, is a fully
integrated real estate investment trust with a current portfolio of
142 properties, including properties under development, over 33
million square feet in the Eastern United States. For more
information, contact Aleathia M. Hoster at (212) 527-9900, send
email to or visit the Company website at
http://www.keystoneproperty.com/. This press release may contain
statements which constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding the intent, belief or current
expectations of the Company, its trustees, or its officers with
respect to the future operating performance of the Company and the
result and the effect of legal proceedings. Investors are cautioned
that any such forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, and that
actual results may differ materially from those in the
forward-looking statements as a result of various factors.
Important factors that could cause such differences are described
in the Company's periodic filings with the Securities and Exchange
Commission, including the Company's Form 10-K and quarterly reports
on Form 10-Q. DATASOURCE: Keystone Property Trust CONTACT: Aleathia
M. Hoster of Keystone Property Trust, +1-212-527-9900; or Media:
Michael Beckerman, +1-908-781-6420, , for Keystone Property Trust
Web site: http://www.keystoneproperty.com/
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