HOUSTON--(BUSINESS WIRE)--AmREIT, Inc., a Houston based real estate company that has elected to be taxed as a real estate investment trust, announced a quarterly dividend on its common stock.
The Board of Directors of AmREIT declared a quarterly dividend of $0.10 per share for the quarter ended December 30, 2011. The dividend is payable in cash on December 30, 2011 to stockholders of record on December 20, 2011.
About AmREIT, Inc.
AmREIT is a 27-year old, equity real estate investment trust focused on the ownership, management, and redevelopment of neighborhood and community shopping centers located on Irreplaceable CornersTM. Our premium quality properties are positioned within the most affluent and densely populated submarkets of major metropolitan “sunbelt” cities. Over 25% of our GLA is occupied by top-tier grocers. According to data provided by The Nielsen Company as of December 31, 2010, we believe our portfolio ranks #1 in its peer group in combined affluence, density and forecasted growth metrics. As of September 30, 2011, AmREIT owns a portfolio of 30 properties with an average occupancy of 92 percent. We also own an interest in and control 20 additional properties through advised funds. The combined asset value of our real estate platform is approximately $900 million. For more information, please call Chad C. Braun, CFO/COO at (713) 850-1400 or visit us online at www.amreit.com.
Forward-Looking Statements
Statements included herein that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. Such statements, by their nature, involve known and unknown risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied by these statements. Reference is made to the Company's regulatory filings with the Securities and Exchange Commission for information or factors that may impact the Company's performance.