NORTHBROOK, Ill., Nov. 23 /PRNewswire/ -- The Board of Directors of
Bradley Real Estate, Inc. (NYSE: BTR) today declared a regular quarterly cash
dividend on its common stock of $0.37 per share, an increase of 6 percent over
its previous quarterly dividend of $0.35 per share.  The Board also declared a
regular quarterly cash dividend on its Series A Preferred Stock of $0.525 per
share.  Both classes of dividends are payable on December 31, 1998, to share
owners of record on December 9, 1998.  The common stock dividend payment
represents the company's 150th consecutive quarterly dividend payment to its
common share owners.
    As previously announced, the company has implemented a new Dividend
Reinvestment and Stock Purchase Plan which commenced in November of 1998.  The
new plan provides current share owners of Bradley Common Stock and Series A
Preferred Stock, as well as holders of Units in Bradley Operating Limited
Partnership, with an economical and convenient method of increasing their
investment in the company.  In addition, the new plan includes a direct stock
purchase program allowing interested investors to make initial share purchases
directly from the company and a monthly waiver feature that allows optional
cash payments above the $10,000 quarterly limit with prior approval from the
company.  To request a Plan Prospectus and receive enrollment materials,
interested investors and current share owners may contact the company's Plan
Agent, Boston EquiServe, at 888-697-7873.
    Bradley Real Estate, Inc. is the nation's oldest real estate investment
trust (REIT) and a leading owner and operator of neighborhood and community
shopping centers located in the Midwest region of the United States.  The
company owns 97 properties located in 16 states aggregating 15.6 million
square feet of rentable space.

Link to this page: