ARLINGTON, Va., July 20 /PRNewswire/ -- The following release was issued
today by Charles E. Smith Residential Realty, Inc.:
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 June 30, 1999. The dividend will be payable on August 11, 1999
to all shareholders of record as of July 30, 1999.
The Company will report operating results for the second quarter ended
June 30, 1999, after market close on Monday July 26, 1999. You are invited to
participate in a teleconference on Tuesday, July 27, 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 July 26. If you would like to
participate in the teleconference, please call 1-800-850-9878 shortly before
11:00 AM on Tuesday, July 27, and identify yourself as a participant in the
Charles E. Smith Residential Realty second 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, Tuesday, July 27, 1999, until 1:00 PM, Friday, July 30, 1999. To
access this service, please call 1-800-633-8284 and enter Reservation Number
12627298 followed by the "#" sign.
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 approximately
22,000 apartment units and has over 4,200 units under construction. The
total market capitalization of the Company -- Charles E. Smith Residential
Realty, including its Operating Partnership -- exceeds $2 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, or
Investors, Greg Samay, 703-769-1029, both of Charles E. Smith
Residential Realty, Inc.
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