WASHINGTON, Sept. 14 /PRNewswire-FirstCall/ -- CarrAmerica Realty
Corporation (NYSE: CRE) announced today that it will host an investor
conference on Tuesday, September 20, 2005 from 9:00 AM until 1:00 PM ET.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO )
The conference will include prepared remarks by management and question
and answer sessions during which management may discuss the Company's current
operating environment, corporate strategy, operating trends, current or
potential developments and acquisitions, and other business and financial
matters affecting the Company.
The formal presentations at the conference will be webcast and available
to all interested parties through the Company's website at
http://www.carramerica.com in the Investor Relations section, and copies of
the materials presented at the conference will also be available. A replay of
the webcast will be available in the Investor Relations section under the
heading Audio Archive.
CarrAmerica owns, develops and operates office properties in 12 markets
throughout the United States. The company has become one of America's leading
office companies by meeting the needs of its customers with superior service,
a large portfolio of quality office properties and extraordinary development
capabilities. Currently, CarrAmerica and its affiliates own, directly or
through joint ventures, interests in a portfolio of 290 operating office
properties, totaling close to 27 million square feet. CarrAmerica's markets
include Austin, Chicago, Dallas, Denver, Los Angeles, Orange County, Portland,
Salt Lake City, San Diego, San Francisco Bay Area, Seattle and metropolitan
Washington, D.C. For additional information on CarrAmerica, including space
availability, visit our web site at http://www.carramerica.com.
Estimates of Diluted FFO and earnings per share and certain other
statements in this release, including management's expectations about, among
other things, operating performance and financial conditions, may constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation of lease rents, and the availability of financing for both tenants
and us; adverse changes in real estate markets, including, among other things,
the extent of bankruptcies, financial difficulties and defaults, the extent of
future demand for office space in our core markets and barriers to entry into
markets which we may seek to enter in the future, the extent of the decreases
in rental rates, our ability to identify and consummate attractive
acquisitions on favorable terms, our ability to consummate any planned
dispositions in a timely manner on acceptable terms, and changes in operating
costs, including real estate taxes, utilities, insurance and security costs;
actions, strategies and performance of affiliates that we may not control or
companies in which we have made investments; ability to obtain insurance at a
Reform Act of 1995 (the "Reform Act"). Such forward-looking statements involve
known and unknown risks, uncertainties and other factors that may cause the
actual results, performance, dividends, achievements or transactions of the
Company and its affiliates or industry results to be materially different from
any future results, performance, achievements or transactions expressed or
implied by such forward-looking statements. Such factors include, among
others, the following: national and local economic, business, financial and
real estate conditions that will, among other things, affect demand for office
space, the extent, strength and duration of any economic recovery, including
the effect on demand for office space and the creation of new office
development, availability and creditworthiness of tenants, the level
reasonable cost; ability to maintain our status as a REIT for federal and
state income tax purposes; ability to raise capital; the effect of any changes
in accounting policies or financial statement presentation; the effect of any
terrorist activity or other heightened geopolitical crisis; governmental
actions and initiatives; and environmental/safety requirements. For a further
discussion of these and other factors that could impact the Company's future
results, performance, achievements or transactions, see the documents filed by
the Company from time to time with the Securities and Exchange Commission, and
in particular the section titled, "The Company -- Risk Factors" in the
Company's Annual Report or Form 10-K.
SOURCE CarrAmerica Realty Corporation
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