BINGHAM FARMS, Mich., Dec. 5 /PRNewswire/ -- Malan Realty Investors, Inc.
(NYSE: MAL), a self-administered real estate investment trust (REIT), today
announced it has declared its quarterly cash dividend of $0.425 per share for
the quarter ending December 31, 2000. The dividend is payable January 19,
2001, to shareholders of record December 29, 2000. Malan has paid quarterly
cash dividends for 26 consecutive quarters since its initial public offering
in June 1994.
The dividend of $0.425 per share equates to an annual dividend of
$1.70 per share. Based on yesterday's closing price of $11.25, the yield on
the indicated annualized rate is 15.11 percent. The company currently has
5.2 million common shares outstanding.
Malan Realty Investors, Inc. owns, acquires, redevelops and manages
properties that are leased primarily to national and regional retail
companies. The company owns a portfolio of 64 properties located in 9 states
that contains an aggregate of approximately 5.9 million square feet of GLA.
News releases for Malan Realty Investors are available on the company's
web site at http://www.malanreit.com or through Company News On-Call by fax at
800-758-5804, ext. 114165, or http://www.prnewswire.com .
SOURCE Malan Realty Investors, Inc.
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Related links:
http://www.malanreit.com
CONTACT:
Michael K. Kaline, President of Malan Realty
Investors, 248-644-7110, or Fred Nachman of Marjan Communications
Inc., 312-867-1771, for Malan Realty Investors
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