Prentiss Properties Posts 48 1/2-Cent Per Share Gain

DALLAS-Prentiss Properties' shareholders are ending the year on a high note, with their investments returning 48 1/2 cents per share in fourth-quarter gains. The dividend pays out Jan. 12, 2001, to shareholders of record as of Dec. 29.

By Connie Gore | December 14, 2000 at 01:01 AM

The gain from the period of Oct. 1 through Dec. 31 is based on Tuesday's closing price of about $26.60 per share. The dividend will be paid Jan. 12, 2001, to owners of record as of Dec. 29.

The Prentiss Properties REIT owns interests in 180 office and industrial properties totaling about 18,5 million net rentable sf and five developments consisting of 645,000 sf. Its management portfolio encompasses some 41 million sf of office and industrial properties nationwide.

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