CUPERTINO, Calif., June 18, 2012 /PRNewswire/ -- Mission West Properties, Inc. (NASDAQ: MSW) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.13 per common share payable on July 5, 2012, to all common stockholders of record on June 29, 2012. The dividend is equivalent to an annual rate of $0.52 per share, which represents a 5.9% annualized yield based on the latest closing price of $8.75 per share.
The Company intends to make regular quarterly distributions to holders of its common stock based upon its cash available for distribution.
NOTIFICATION OF CONFERENCE CALL
July 12, 2012 at 8:00 A.M. Pacific Time
Mission West Properties, Inc./Carl E. Berg will have a conference call to provide an update on recent Silicon Valley R&D market developments and discuss the second quarter 2012 earnings results. The conference call will end with a question and answer session. The dial in number for the conference call is:
A recording of this conference call will be available from July 12, 2012, at 10:00 A.M. Pacific Time through July 26, 2012, at 11:59 P.M. Pacific Time by dialing:
U.S.A. 800-475-6701 International 320-365-3844 Access Code 252122
Mission West Properties, Inc. operates as a self-managed, self-administered and fully integrated REIT engaged in the management, leasing, marketing, development and acquisition of commercial R&D properties, primarily located in the Silicon Valley portion of the San Francisco Bay Area. Currently, the Company manages 104 properties totaling approximately 7.8 million rentable square feet. For additional information, please contact Investor Relations at 408-725-0700.
The matters described herein contain forward-looking statements. Such statements can be identified by the use of forward-looking terminology such as "will," "anticipate," "estimate," "expect," "intend," or similar words. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, the ability to complete acquisitions from the Berg Group, changing economic and real estate industry conditions, leasing risk, rollover risk, tenant credit risk, interest rate risk, and other factors detailed in the Company's registration statements, and periodic filings with the Securities & Exchange Commission.
SOURCE Mission West Properties, Inc.