SOUTHFIELD, Mich., June 7 /PRNewswire-FirstCall/ -- Ramco-Gershenson
Properties Trust (NYSE: RPT) announced today that on Thursday, June 6, 2002,
its Board of Trustees declared a second quarter dividend of $0.42 per share
for the period April 1, 2002 through June 30, 2002, based on an annual
dividend of $1.68 per share.
The distribution will be payable on July 16, 2002, to shareholders of
record on June 30, 2002.
Ramco-Gershenson Properties Trust has a portfolio of 59 shopping centers
totaling approximately 11.4 million square feet of gross leasable area,
consisting of 58 community centers, of which nine are power centers and three
are single tenant properties, as well as one enclosed regional mall. The
Company's centers are located in Michigan, Ohio, Wisconsin, New Jersey,
Maryland, Virginia, North Carolina, South Carolina, Tennessee, Georgia,
Alabama and Florida. Headquartered in Southfield, Michigan, the Company is a
fully integrated, self-administered, publicly-traded real estate investment
trust (REIT) which owns, develops, acquires, manages and leases community
shopping centers, regional malls and single tenant retail properties,
nationally.
This press release contains forward-looking statements with respect to the
expected annual dividend rate. Management of Ramco-Gershenson believes the
expectations reflected in the forward-looking statements made in this document
are based on reasonable assumptions. Certain factors could occur that might
cause actual results to vary. These include general economic conditions, the
strength of key industries in the cities in which the Trust's properties are
located, the performance of the Trust's tenants at the Trust's properties and
elsewhere, and other factors discussed in the Trust's reports filed with the
Securities and Exchange Commission.
For more information on Ramco-Gershenson Properties Trust visit our
Website @ http://www.ramcogershenson.com .
SOURCE Ramco-Gershenson Properties Trust
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Related links:
http://www.ramcogershenson.com
CONTACT:
Dennis Gershenson, President & CEO or Richard
Smith, CFO, of Ramco-Gershenson Properties Trust,
+1-248-350-9900, of Fax, +1-248-350-9925
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