Commenting on the dividend, company chairman William Polk Careynoted that the firm had experienced growth in funds from operationsin every quarter during this year, lowering the amount of FFO, on apercentage basis, required to pay the dividend. "This, in turn,effectively provides and extra margin of safety for ourshareholders while enabling the company to retain earnings in theinterest of providing our shareholders the 'best of bothworlds'--stable current income and prudent investment growth," headded.
The company, a lessor of net-leased corporate real estate, ownsand manages more than 42 million sf in the US and Europe. Since itwent public in two years ago, the firm has paid dividends of $124million.
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