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SOUTHFIELD, MI-Ramco-Gershenson Properties Trust’s board of trustees declared a second-quarter dividend of $0.42 per share for the period April 1, 2001 throughJune 30, 2001, based on an annual dividend of $1.68 per share. The distribution will be payable on July 17 to shareholders of record on June 30.

Ramco officials say the net income of the company for the first three months of 2001 has almost doubled from last year.

The company has a portfolio of 55 shopping centers, with approximately 11.4 million sf of gross leasable area located in Michigan, Ohio, Wisconsin, New Jersey, Maryland, Virginia, North Carolina, South Carolina, Tennessee, Georgia, Alabama and Florida.

The company is a real estate investment trust, and owns, develops, acquires and manages community shopping centers, regional malls and single-tenant retail properties, nationally.

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