ARLINGTON, Va., Oct. 21 /PRNewswire/ -- Charles E. Smith Residential
Realty, Inc. (NYSE: SRW) announced today that its Board of Directors declared
a dividend of $.52 per share for the quarter ended September 30, 1997, an
increase of 3.0% over the $.505 per share dividend paid for each of the first
two quarters of 1997. The dividend will be payable on November 14, 1997 to
all shareholders of record as of November 3, 1997.
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 18,236
apartment units and manages an additional 4,000+ units for other owners. The
total market capitalization of the Company -- Charles E. Smith Residential
Realty, including its Operating Partnership -- is approximately $1.7 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.
 back to top
CONTACT:
Bruce Snyder, 703-769-1029 or John Kurtz,
703-769-1153, both of Charles E. Smith Residential Realty
|
