NEWPORT BEACH, Calif., Dec. 9 /PRNewswire/ -- The board of directors of
Pacific Gulf Properties Inc. (NYSE: PAG) has increased the trust's quarterly
dividend for the fourth consecutive year, to $0.43 per share from $0.42 per
share, effective with the fourth quarter ending Dec. 31, 1998. The dividend
is payable Jan. 8, 1999, to shareholders of record on Jan. 1, 1999.
Pacific Gulf Properties is a real estate investment trust that owns,
develops and manages a growing portfolio of industrial properties targeting
small to mid-size tenants in selected high-growth western markets. The
company's industrial portfolio includes 67 properties encompassing more than
14 million square feet of space. Pacific Gulf also maintains a smaller
multifamily portfolio that includes eight rental communities comprising almost
1,500 units designed for the burgeoning population of active seniors age 55
and older. The company is headquartered in Newport Beach, California.
SOURCE Pacific Gulf Properties Inc.
 back to top
CONTACT:
Cindy L. Smith, Investor Relations of Pacific
Gulf, 949-223-5000; or General Information, Virginia St.
John-Needham, 310-442-0599, or Analysts, Nan Teele, 415-986-1591,
or Media, Stephen Moore, 310-442-0599, all of The Financial
Relations Board for Pacific Gulf Properties, Inc.
|
