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 26, 2006 after market close.
CarrAmerica will conduct a conference call to discuss 2005 fourth quarter
results on January 27, 2006, 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 1-800-475-3716 for U.S.
participants and 1-719-457-2728 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 ET on January 27, 2006 through midnight on
February 10, 2006 by dialing 1-888-203-1112 for U.S. callers and
1-719-457-0820 for international callers, passcode 9698240.
Additionally, the Company today announced the tax treatment for its 2005
dividend distributions. Shareholders are encouraged to consult with their
personal tax advisors as to their specific tax treatment of the Company's
dividend distributions.
Total Taxable
Distribution Ordinary
Record Date Payable Date Per Share Dividends(1)
Common Stock (CRE) (CUSIP # 144418100)
2/18/2005 2/28/2005 0.500000 0.285746
5/20/2005 5/31/2005 0.500000 0.285746
8/19/2005 8/31/2005 0.500000 0.285746
11/18/2005 11/30/2005 0.500000 0.285746
Total 2.000000 1.142984
Total Qualified Unrecaptured
Capital Gain Return of Dividend Section 1250
Distribution(2) Capital Income(1) Gain(2)
Common Stock (CRE) (CUSIP # 144418100)
0.214254 0.000000 0.046916 0.121184
0.214254 0.000000 0.046916 0.121184
0.214254 0.000000 0.046916 0.121184
0.214254 0.000000 0.046916 0.121184
Total 0.857016 0.000000 0.187664 0.484736
Total Taxable
Distribution Ordinary
Record Date Payable Date Per Share Dividends(1)
Series E Cumulative Redeemable Preferred Stock (CUSIP # 144418704)
2/18/2005 2/28/2005 0.468750 0.267887
5/20/2005 5/31/2005 0.468750 0.267887
8/19/2005 8/31/2005 0.468750 0.267887
11/18/2005 11/30/2005 0.468750 0.267887
Total 1.875000 1.071548
Total Unrecaptured
Capital Gain Return of Qualified Dividend Section 1250
Distribution(2) Capital Income(1) Gain(2)
Series E Cumulative Redeemable Preferred Stock (CUSIP # 144418704)
0.200863 0.000000 0.043984 0.113610
0.200863 0.000000 0.043984 0.113610
0.200863 0.000000 0.043984 0.113610
0.200863 0.000000 0.043984 0.113610
Total 0.803452 0.000000 0.175936 0.454440
(1) Qualified Dividend Income is a subset of, and is included in, the
Taxable Ordinary Dividends amount.
(2) Unrecaptured Section 1250 Gain is a subset of, and is included in, the
Total Capital Gain Distribution amount.
CarrAmerica owns, develops and operates office properties in 12 markets
throughout the United States. The company has become one of America's leading
office companies by meeting the 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 approximately 27 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, including management's expectations about, among
other things, operating performance and financial conditions, 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 space, the extent, strength and duration of any economic
recovery, including the effect on demand for office space and the creation of
new office development, availability and creditworthiness of tenants, the
level of lease rents, and the availability of financing for both tenants and
us; adverse changes in real estate markets, including, among other things, the
extent of tenant bankruptcies, financial difficulties and defaults, the extent
of future demand for office space in our core markets and barriers to entry
into markets which we may seek to enter in the future, the extent of the
decreases in rental rates, our ability to identify and consummate attractive
acquisitions on favorable terms, our ability to consummate any planned
dispositions in a timely manner and on acceptable terms, our ability to
successfully reinvest the proceeds from dispositions in other properties or
markets with improved returns, our ability to complete development projects on
time and within budget and our ability to stabilize such projects, and changes
in operating costs, including real estate taxes, utilities, insurance and
security costs; actions, strategies and performance of affiliates that we may
not control or companies in which we have made investments; ability to obtain
insurance at a reasonable cost; ability to maintain our status as a REIT for
federal and state income tax purposes; ability to raise capital; effect of any
terrorist activity or other heightened geopolitical crisis; governmental
actions and initiatives; 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 or 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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