ARLINGTON, Va., Jan. 26 /PRNewswire/ -- Charles E. Smith Residential
Realty, Inc. (NYSE: SRW) announced today that its Board of Directors declared
a dividend of $.535 per common share for the quarter ended December 31, 1998.
The dividend will be payable on February 16, 1999 to all shareholders of
record as of February 5, 1999.
The Company will report operating results for the fourth quarter ended
December 31, 1998, on Tuesday, February 9, 1999. You are invited to
participate in a teleconference on Wednesday, February 10, 1999, at 11:00 a.m.
(Eastern Time) to review the financial results.
Ernest Gerardi, Jr., President and Chief Operating Officer, and Denny
Minami, Senior Vice President and Chief Financial Officer, will be on the call
and available to answer your questions.
The quarterly news release will be distributed over PR Newswire and to the
Company's fax lists after the market closes on February 9. If you would like
to participate in the teleconference, please call 1-800-701-4762 shortly
before 11:00 a.m. on Wednesday, February 10, and identify yourself as a
participant in the Charles E. Smith Residential Realty fourth quarter earnings
teleconference.
The call is expected to last no longer than 45 minutes. If you are unable
to join the call at 11:00 a.m., a post-view recording will be available from
1:00 p.m., Wednesday, February 10, 1999, until 1:00 p.m., Saturday, February
13, 1999. To access this service please call 1-800-633-8284 and enter
Reservation Number 11160102 followed by the "#" sign.
Charles E. Smith Residential Realty, Inc. is a self-managed real estate
investment trust listed on the New York Stock Exchange (SRW). The Company and
its subsidiaries and affiliates own, acquire, develop, and manage multi-family
residential properties; and in addition, provide a full range of real estate
services to other property owners. The Company owns a portfolio of
approximately 20,000 apartment units, has 3,400 units under construction, and
manages an additional 3,800 units for other owners. The total market
capitalization of the Company -- Charles E. Smith Residential Realty,
including its Operating Partnership -- is approximately $2.0 billion.
Investor information including press releases about Charles E. Smith
Residential Realty is available on the Company's Web site at:
http://www.smithreit.com, and also through PR Newswire "News on Call" by fax
800-758-5804, ext. 101271, or at http://www.prnewswire.com.
SOURCE Charles E. Smith Residential Realty, Inc.
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Related links:
http://www.smithreit.com
CONTACT:
For Media: John Kurtz, 703-769-1153; or For
Investors: Greg Samay, 703-769-1029; both of Charles E. Smith
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