NEWPORT BEACH, Calif., March 16 /PRNewswire/ -- The Board of Directors of
Pacific Gulf Properties Inc. (NYSE: PAG) announced today the declaration of a
regular dividend of $.44 per share. The dividend will be payable
April 14, 2000 to shareholders of record on April 3, 2000.
Pacific Gulf Properties Inc. is a real estate investment trust (REIT) that
owns, develops and manages a growing portfolio of industrial properties
targeting small to mid-size tenants in selected high-growth western U.S.
markets. The Company's industrial portfolio is comprised of 73 properties
encompassing more than 15.5 million square feet of space. Pacific Gulf
Properties Inc. 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, California.
Forward-looking statements and comments in this press release are made
pursuant to the safe harbor provisions of Section 21E of the Securities
Exchange Act of 1934. Such statements relating to, among other things,
events, conditions, prospects and financial trends that may affect the
Company's future plans of operations, business strategy, growth of operations
and financial position are not guarantees of future performance and are
necessarily subject to risks and uncertainties, some of which are significant
in scope and nature, including without limitation, increased competition,
adverse economic trends, increasing interest rates and other factors.
SOURCE Pacific Gulf Properties Inc.
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Company News On-Call:
http://www.prnewswire.com/comp/671475.html or fax,
800-758-5804, ext. 671475
CONTACT:
Donald G. Herrman, Chief Financial Officer,
949-223-5000, or Victoria J. Baker, General Information,
703-370-8652, both for Pacific Gulf Properties Inc.
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