NEWPORT BEACH, Calif., March 11 /PRNewswire/ -- The Board of Directors of
Pacific Gulf Properties Inc. (NYSE: PAG) announced today that it has declared
a regular dividend of $0.43 per share. The dividend will be payable April 9,
1999, to shareholders of record on April 1, 1999.
Pacific Gulf Properties is a real estate investment trust that owns,
develops and manages a growing portfolio of industrial properties targeting
small to mid-size tenants in selected high-growth western markets. The
company's industrial portfolio includes 73 properties encompassing more than
15.5 million square feet of space. Pacific Gulf also maintains a smaller
multifamily portfolio that includes eight rental communities comprising
almost 1,500 units designed for the burgeoning population of active seniors
age 55 and older. The company is headquartered in Newport Beach, Calif.
SOURCE Pacific Gulf Properties
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CONTACT:
Cindy L. Smith, Investor Relations of Pacific
Gulf Properties, 949-223-5000; or General Information, Virginia
St. John-Needham, Media, Stephen Moore, 310-442-0599, or
Analysts, Nan Teele, 415-986-1591, all of The Financial Relations
Board
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