BOSTON, March 8 /PRNewswire/ -- Cabot Industrial Trust (NYSE: CTR), a
national developer, owner and operator of industrial property, today announced
that the Board of Trustees has declared a dividend for the quarter ending
March 31, 2001 of $0.37 per share of common stock, indicating an annualized
rate of $1.48, payable on April 26, 2001 to stockholders of record on April
10, 2001. This dividend rate is an increase of 4.2% versus the annualized rate
for 2000.
(Photo: http://www.newscom.com/cgi-bin/prnh/20000218/CABOTLOGO )
Cabot Industrial Trust is a fully integrated real estate company that
specializes in the ownership, acquisition and development of industrial
properties with 360 properties containing 42 million square feet in 21
states at December 31, 2000. The Company also manages an additional 11
million square feet of property for investment advisory accounts and joint
ventures at December 31, 2000. Cabot Industrial Trust focuses on a broad
spectrum of industrial property types nationwide, including large bulk
distribution facilities, multitenant distribution facilities and workspace
properties.
In addition to historical information, this press release contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements are based on management's
current expectations about the industry and the markets in which the Company
operates. Such forward-looking statements are not guarantees of future
performance and involve known and unknown risks, uncertainties or other
factors which may cause actual results, performance or achievements of the
Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Actual operating results may be affected by various factors including,
without limitation, changes in national and local economic conditions,
competitive market conditions, uncertainties and costs related to and the
imposition of conditions on receipt of governmental approvals and costs of
material and labor, all of which may cause such actual results to differ
materially from what is expressed or forecast in this press release.
To receive Cabot Industrial Trust's latest news release and other
corporate documents please send requests via e-mail at ir@cabottrust.com or
visit our web site at http://www.cabottrust.com.
SOURCE Cabot Industrial Trust
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Related links:
http://www.cabottrust.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20000218/CABOTLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
CONTACT:
Franz Colloredo-Mansfeld, Chief Financial
Officer of Cabot Industrial Trust, 617-723-0900
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