ARLINGTON, Va., April 21 /PRNewswire/ -- Charles E. Smith Residential
Realty, Inc. (NYSE: SRW) announced today that its Board of Directors declared
a dividend of $.52 per common share for the quarter ended March 31, 1998. The
dividend will be payable on May 11, 1998 to all shareholders of record as of
May 1, 1998.
As with prior quarters, the company is declaring its quarterly dividend in
advance of its quarterly earnings announcement, which will be made on April
28, 1998.
Charles E. Smith Residential Realty, Inc. is a self-managed real estate
investment trust listed on the New York Stock Exchange (SRW). The Company and
its subsidiaries and affiliates own, acquire, develop, and manage multi-family
residential properties; and also provide a full range of real estate services
to other property owners. The Company owns a portfolio of over 19,500
apartment units, has over 2,000 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 $1.8 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.
SOURCE Charles E. Smith Residential Realty, Inc.
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Related links:
Web site:
http://www.smithreit.com
http://www.prnewswire.com or fax, 800-758-5804, ext. 101271
CONTACT:
Investors, Greg Samay, 703-769-1029 or media,
John Kurtz, 703-769-1153, both of Charles E. Smith Residential
Realty
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