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property for sale in umbria italy
News and Information Article
SAN FRANCISCO, Sept. 28 /-FirstCall/ -- The Board of
Directors of AMB Property Corporation(R) (NYSE: AMB) today declared a
regular cash dividend for the quarter ending September 30, 2006 of $0.46
per common share. The dividend will be payable on October 16, 2006 to
common stockholders of record at the close of business on October 6, 2006.
The Board also declared a dividend of $0.40625 per share on the
companys 6.5% Series L Cumulative Redeemable Preferred Stock (NYSE: AMB
PrL) for the period commencing on and including July 15, 2006 and ending on
and including October 14, 2006. The dividend will be payable on October 16,
2006 to Series L stockholders of record at the close of business on October
6, 2006.
The Board further declared a dividend of $0.421875 per share on the
companys 6.75% Series M Cumulative Redeemable Preferred Stock (NYSE: AMB
PrM) for the period commencing on and including July 15, 2006 and ending on
and including October 14, 2006. The dividend will be payable on October 16,
2006 to Series M stockholders of record at the close of business on October
6, 2006.
The Board further declared a dividend of $0.4375 per share on the
companys 7.0% Series O Cumulative Redeemable Preferred Stock (NYSE: AMB
PrO) for the period commencing on and including July 15, 2006 and ending on
and including October 14, 2006. The dividend will be payable on October 16,
2006 to Series O stockholders of record at the close of business on October
6, 2006.
AMB Property Corporation.(R) Local partner to global trade.(TM)
AMB Property Corporation(R) is a leading owner and operator of
industrial real estate, focused on major hub and gateway distribution
markets throughout North America, Europe and Asia. As of June 30, 2006, AMB
owned, or had investments in, on a consolidated basis or through
unconsolidated joint ventures, properties and development projects expected
to total approximately 122 million square feet (11 million square meters)
and 1,094 buildings in 41 markets within eleven countries. AMB invests in
properties located predominantly in the infill submarkets of its targeted
markets. The companys portfolio is comprised of High Throughput
Distribution(R) facilities -- industrial properties built for speed and
located near airports, seaports and ground transportation systems.
AMBs press releases are available on the company website at
http://www.amb.com or by contacting the Investor Relations department at
+1-415-394-9000.
Some of the information included in this press release contains
forward- looking statements, such as those related to our expectations for
the timing and amount of the companys dividend payments, which are made
pursuant to the safe-harbor provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and Section 27A of the Securities Act of
1933, as amended. Because these forward-looking statements involve risks
and uncertainties, there are important factors that could cause our actual
results to differ materially from those in the forward-looking statements,
and you should not rely on the forward-looking statements as predictions of
future events. The events or circumstances reflected in forward-looking
statements might not occur. You can identify forward-looking statements by
the use of forward-looking terminology such as "believes," "expects,"
"may," "will," "should," "seeks," "approximately," "intends," "plans," "pro
forma," "estimates" or "anticipates" or the negative of these words and
phrases or similar words or phrases. You can also identify forward-looking
statements by discussions of strategy, plans or intentions. Forward-looking
statements are necessarily dependent on assumptions, data or methods that
may be incorrect or imprecise and we may not be able to realize them. We
caution you not to place undue reliance on forward-looking statements,
which reflect our analysis only and speak only as of the date of this
report or the dates indicated in the statements. We assume no obligation to
update or supplement forward-looking statements. The following factors,
among others, could cause actual results and future events to differ
materially from those set forth or contemplated in the forward- looking
statements: defaults on or non-renewal of leases by tenants, increased
interest rates and operating costs, our failure to obtain necessary outside
financing, difficulties in identifying properties to acquire and in
effecting acquisitions, our failure to successfully integrate acquired
properties and operations, our failure to divest properties we have
contracted to sell or to timely reinvest proceeds from any divestitures,
risks and uncertainties affecting property development and construction
(including construction delays, cost overruns, our inability to obtain
necessary permits and public opposition to these activities), our failure
to qualify and maintain our status as a real estate investment trust,
environmental uncertainties, risks related to natural disasters, financial
market fluctuations, changes in real estate and zoning laws, risks related
to doing business internationally and increases in real property tax rates.
Our success also depends upon economic trends generally, including interest
rates, income tax laws, governmental regulation, legislation, population
changes and certain other matters discussed under the heading "Managements
Discussion and Analysis of Financial Condition and Results of Operations.
Business Risks" and elsewhere in our most recent annual report on Form 10-K
for the year ended December 31, 2005.
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