BINGHAM FARMS, Mich., May 13 /PRNewswire/ -- Malan Realty Investors, Inc.
(NYSE: MAL), a self-administered real estate investment trust (REIT), today
announced it has declared its quarterly cash dividend of $0.425 per share for
the quarter ending June 30, 1999. The dividend is payable July 20, 1999, to
shareholders of record June 30, 1999. Malan has paid quarterly cash dividends
for 20 consecutive quarters since its initial public offering in June 1994.
The dividend of $0.425 per share equates to an annual dividend of $1.70
per share. Based on yesterday's closing price of $15.375, the yield on the
indicated annualized rate is 11.06 percent. The company currently has 5.2
million common shares outstanding.
Malan Realty Investors, Inc. owns, acquires, redevelops and manages
properties that are leased primarily to national and regional retail
companies. The company owns a portfolio of 66 properties located in nine
states that contains an aggregate of approximately 6.2 million square feet of
gross leasable area.
News releases for Malan Realty Investors are available through Company
News On-Call by fax at 800-758-5804, ext. 114165, or
http://www.prnewswire.com.
SOURCE Malan Realty Investors, Inc.
 back to top
Company News On-Call:
http://www.prnewswire.com/comp/114165.html or fax,
800-758-5804, ext. 114165
CONTACT:
Michael K. Kaline, Vice President at Malan
Realty Investors, Inc., 248-644-7110; or Fred Nachman, Corporate
Technology Communications, Inc., 312-832-9300, ext. 202, for
Malan Realty Investors, Inc.
|
