SOUTHFIELD, Mich., March 7 /PRNewswire-FirstCall/ -- Ramco-Gershenson
Properties Trust (NYSE: RPT) announced today that on Wednesday, March 6, 2002,
its Board of Trustees declared a first quarter dividend of $0.42 per share for
the period January 1, 2002 through March 31, 2002, based on an annual dividend
of $1.68 per share.
The distribution will be payable on April 16, 2002, to shareholders of
record on March 31, 2002.
Ramco-Gershenson Properties Trust has a portfolio of 57 shopping centers,
with approximately 11.4 million square feet of gross leasable area, located in
Michigan, Ohio, Wisconsin, New Jersey, Maryland, Virginia, North Carolina,
South Carolina, Tennessee, Georgia, Alabama and Florida. Headquartered in
Southfield, Michigan, the Company is a fully integrated, self-administered,
publicly-traded real estate investment trust (REIT). The Trust owns,
develops, acquires and manages community shopping centers, regional malls and
single tenant retail properties, nationally.
This press release contains forward-looking statements with respect to the
expected annual dividend rate. Management of Ramco-Gershenson believes the
expectations reflected in the forward-looking statements made in this document
are based on reasonable assumptions. Certain factors could occur that might
cause actual results to vary. These include general economic conditions, the
strength of key industries in the cities in which the Trust's properties are
located, the performance of the Trust's tenants at the Trust's properties and
elsewhere, and other factors discussed in the Trust's reports filed with the
Securities and Exchange Commission.
For more information on Ramco-Gershenson Properties Trust visit our
Website @ http://www.ramcogershenson.com
SOURCE Ramco-Gershenson Properties Trust
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Related links:
http://www.ramcogershenson.com
CONTACT:
Dennis Gershenson, President & CEO, or
Richard Smith, CFO, both of Ramco-Gershenson Properties Trust,
+1-248-350-9900, or fax, +1-248-350-9925
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