PREIT Announces Quarterly Dividend and Consecutive Distribution History

Strategic Insights -

Pennsylvania Real Estate Investment Trust (PREIT), a leading equity REIT in the US, has announced a quarterly cash dividend of $0.57 per common share, marking its 115th consecutive distribution since its initial dividend in 1962. This consistency in dividend payments is a testament to PREIT's commitment to its shareholders. Additionally, the company has declared a regular quarterly dividend of $1.375 per share on its 11% senior preferred shares.

The payment of $0.57 per common share will be made on December 15, 2005, to common shareholders of record on December 1, 2005. PREIT's focus on retail shopping malls and power centers, with a portfolio of 51 properties in 12 states, has enabled the company to maintain a consistent dividend payment record. As of 2005, PREIT's portfolio consists of 37 shopping malls, 13 strip and power centers, and one office property.

Key Takeaways:

  • PREIT has declared a quarterly cash dividend of $0.57 per common share, its 115th consecutive distribution.
  • The dividend will be paid on December 15, 2005, to common shareholders of record on December 1, 2005.
  • PREIT has a consistent dividend payment record, never omitting or reducing a shareholder dividend since its initial dividend in 1962.
  • The company has a significant portfolio of retail shopping malls and power centers, with 51 properties in 12 states.
  • PREIT's focus on retail real estate investing has enabled the company to maintain a consistent dividend payment record.
  • As of 2005, PREIT's portfolio includes 37 shopping malls, 13 strip and power centers, and one office property.

Statistics:

  • PREIT's quarterly cash dividend is $0.57 per common share.
  • The dividend payment will be made on December 15, 2005.
  • PREIT has made 115 consecutive dividend payments since its initial dividend in 1962.
  • The company's portfolio consists of approximately 32.9 million square feet of retail space.
  • PREIT's portfolio includes 51 properties in 12 states.

Sources:

  • Pennsylvania Real Estate Investment Trust. (2005, December 15). PREIT Announces Quarterly Dividend.
  • PREIT's Annual Report on Form 10-K for the year ended December 31, 2004.