ARLINGTON, Va., Oct. 13 /PRNewswire/ -- Charles E. Smith Residential
Realty, Inc., (NYSE: SRW) announced today that its Board of Directors declared
a dividend of $0.535 per share for the quarter ended September 30, 1998, an
increase of 3% over the $0.52 per share dividend paid for each of the first
two quarters of 1998. The dividend will be payable on November 17, 1998, to
all shareholders of record as of November 5, 1998.
The Company will report operating results for the third quarter ended
September 30, 1998, on Monday, October 26, 1998. You are invited to
participate in a teleconference on Tuesday, October 27, 1998, 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 October 26. If you would like
to participate in the teleconference, please call 1-800-633-8680 shortly
before 11:00 AM on Tuesday, October 27, and identify yourself as a participant
in the Charles E. Smith Residential Realty third 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, October 27, 1998, until 1:00 PM, Friday, October 30, 1998.
To access this service, please call 1-800-633-8284 and enter Reservation
Number 4591137 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 in addition, provide a full range of real estate
services to other property owners. The Company owns a portfolio of over
19,900 apartment units, has 2,500 units under construction, and manages an
additional 3,500+ units for other owners. The total market capitalization of
the Company -- Charles E. Smith Residential Realty, including its Operating
Partnership -- is approximately $1.9 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
Company News On-Call:
http://www.prnewswire.com/comp/101271.html or fax,
800-758-5804, ext. 101271
CONTACT:
Media, John Kurtz, 703-769-1153, or for
Investors, Greg Samay, 703-769-1029, both of Charles E. Smith
Residential Realty
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