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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) February 19, 2004
BRE Properties, Inc.
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(Exact name of registrant as specified in its charter)
Maryland 1-14306 94-1722214
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
44 Montgomery Street, 36th floor, San Francisco, CA 94104-4809
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (415) 445-6530
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(Former name or former address if changed since last report)
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Item.5 On February 19, 2004, we announced that our board of directors
approved regular common and preferred stock dividends for the quarter
ended March 31, 2004.
The common dividend of $0.4875 per share will be payable on March 31,
2004 to shareholders of record as of March 15, 2004. The quarterly
dividend payment is equivalent to $1.95 per share on an annualized
basis, and an approximate 5.9% annualized yield, based on yesterday's
closing share price of $33.00. The first quarter 2004 common dividend
level is consistent with quarterly dividends paid to common
shareholders in 2003. BRE has paid uninterrupted quarterly dividends
to shareholders since the company's founding in 1970.
The preferred dividend of $0.505 per share on BRE 8.08% Series B
Cumulative Redeemable Preferred Stock also will be payable on March
31, 2004 to shareholders of record as of March 15, 2004.
About BRE Properties
BRE Properties--a real estate investment trust--develops, acquires and
manages apartment communities convenient to its Customers' work,
shopping, entertainment and transit in supply-constrained Western U.S.
markets. BRE directly owns and operates 84 apartment communities
totaling 23,493 units in California, Arizona, Washington, Oregon, Utah
and Colorado. The company currently has seven other apartment
communities in various stages of development and construction,
totaling 1,388 units, and joint venture interests in two additional
apartment communities, totaling 488 units.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
(Registrant)
Date: February 19, 2004 By: /s/ Edward F. Lange, Jr.
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