ARLINGTON, Va., April 20 /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 March 31, 1999. The
dividend will be payable on May 11, 1999 to all shareholders of record as of
April 30, 1999.
The Company will report operating results for the first quarter ended
March 31, 1999, after market close on Wednesday, April 28, 1999. You are
invited to participate in a teleconference on Thursday, April 29, 1999, at
11:00 AM (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 April 28. If you would like to
participate in the teleconference, please call 1-800-834-5979 shortly before
11:00 AM on Thursday, April 29, and identify yourself as a participant in the
Charles E. Smith Residential Realty first 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 AM, a post-view recording will be available from
1:00 PM, Thursday, April 29, 1999, until 1:00 PM, Friday, April 30, 1999 and
will resume at 9:00 AM, Monday, May 3, until 9:00 AM, Wednesday, May 5. To
access this service, please call 1-800-633-8284 and enter Reservation Number
11845503 followed by the "#" sign.
Charles E. Smith Residential Realty, Inc. is a self-managed real estate
investment trust listed on the Now 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:
Media: John Kurtz, 703-769-1153; Investors:
Greg Samay, 703-769-1029; both of Charles E. Smith Residential
Realty
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