WASHINGTON, Jan. 10 /PRNewswire-FirstCall/ -- CarrAmerica Realty
Corporation (NYSE: CRE) announced today that it will release its fourth
quarter and year-end earnings on January 27, 2005 after market close.
CarrAmerica will conduct a conference call to discuss 2004 fourth quarter
results on January 28, 2005, at 11:00 am ET. A live webcast of the call will
be available through a link at CarrAmerica's web site,
http://www.carramerica.com.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO )
The phone number for the conference call is 1-800-946-0705 for U.S.
participants and 1-719-457-2637 for international participants. The call is
open to all interested persons. A taped replay of the conference call can be
accessed from 2:00 PM EST on January 28, 2005 through midnight on February 3,
2005 by dialing 1-888-203-1112 for U.S. callers and 1-719-457-0820 for
international callers, passcode 372444.
Additionally, the Company announced that the taxable composition of its
2004 dividend payments is as follows:
Total
Capital Non-
Total Total Gain taxable
Record Payable Distribution Ordinary Qualified Distri- Distri-
Date Date Per Share Dividends Dividends bution bution
Common Stock (CRE) (CUSIP # 144418100)
02/17/2004 03/01/2004 0.500000 0.380515 0.000000 0.000000 0.119485
05/18/2004 06/01/2004 0.500000 0.380515 0.000000 0.000000 0.119485
08/17/2004 08/31/2004 0.500000 0.380515 0.000000 0.000000 0.119485
11/15/2004 11/30/2004 0.500000 0.380515 0.000000 0.000000 0.119485
Total 2.000000 1.522060 0.000000 0.000000 0.477940
Total
Capital Non-
Total Total Gain taxable
Record Payable Distribution Ordinary Qualified Distri- Distri-
Date Date Per Share Dividends Dividends bution bution
Series E Cumulative Redeemable Preferred Stock (CUSIP # 144418704)
02/17/2004 03/01/2004 0.468750 0.468750 0.000000 0.000000 0.000000
05/18/2004 06/01/2004 0.468750 0.468750 0.000000 0.000000 0.000000
08/17/2004 08/31/2004 0.468750 0.468750 0.000000 0.000000 0.000000
11/15/2004 11/30/2004 0.468750 0.468750 0.000000 0.000000 0.000000
Total 1.875000 1.875000 0.000000 0.000000 0.000000
CarrAmerica owns, develops and operates office properties in 12 markets
throughout the United States. The company has become one of America's leading
office workplace companies by meeting the rapidly changing needs of its
customers with superior service, a large portfolio of quality office
properties and extraordinary development capabilities. Currently, CarrAmerica
and its affiliates own, directly or through joint ventures, interests in a
portfolio of 294 operating office properties, totaling over 26 million square
feet. CarrAmerica's markets include Austin, Chicago, Dallas, Denver, Los
Angeles, Orange County, Portland, Salt Lake City, San Diego, San Francisco Bay
Area, Seattle and metropolitan Washington, D.C. For additional information on
CarrAmerica, including space availability, visit our web site at
http://www.carramerica.com.
Estimates of Diluted FFO and earnings per share, and certain other
statements in this release and the accompanying summary financial information,
including statements regarding management's expectations about, among other
things, operating performance and financial condition, may constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995 (the "Reform Act"). Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause the actual results, performance, dividends, achievements or
transactions of the company and its affiliates or industry results to be
materially different from any future results, performance, achievements or
transactions expressed or implied by such forward-looking statements. Such
factors include, among others, the following: national and local economic,
business and real estate conditions that will, among other things, affect
demand for office properties and our ability to lease vacant space at
favorable rental rates, our ability to obtain debt or equity financing if and
when needed on favorable terms, or at all, possible charges or payments
resulting from our guarantee of certain leases of HQ Global Workplaces, Inc.,
the impact of future acquisitions or dispositions not currently contemplated
or expected, the ability of the general economy to recover timely from
economic downturns or otherwise sustain periods of growth, availability and
creditworthiness of tenants, the availability of financing for both tenants
and the company, adverse changes in the real estate markets including, among
other things, competition with other companies, risks of real estate
acquisition and development (including the failure of pending acquisitions or
dispositions to close in a timely manner, on current terms, or at all, and
pending developments to be completed on time and within budget), actions,
strategies and performance of affiliates that the company may not control or
companies in which the company has made investments, our ability to maintain
our status as a REIT for federal income tax purposes, governmental actions and
initiatives, the ability to obtain insurance at a reasonable cost and
environmental/safety requirements. For a further discussion of these and
other factors that could impact the company's future results, performance,
achievements or transactions, see the documents filed by the company from time
to time with the Securities and Exchange Commission, and in particular the
section titled, "The Company - Risk Factors" in the company's Annual Report on
Form 10-K.
SOURCE CarrAmerica Realty Corporation
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Related links:
http://www.carramerica.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Media: Karen L. Widmayer, +1-202-729-1789,
karen.widmayer@carramerica.com, or Investors: Stephen Walsh:
+1-202-729-1764, stephen.walsh@carramerica.com, both of
CarrAmerica Realty Corporation
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