U.S. Restaurant Properties, Inc. Board Announces May Common Stock Dividend

Apr 02, 2001, 01:00 ET from U.S. Restaurant Properties, Inc.

    DALLAS, April 2 /PRNewswire/ -- U.S. Restaurant Properties, Inc.
 (NYSE:   USV) announced today that the Company's Board of Directors has approved
 the May monthly common stock dividend of $0.11 per share (which equates to an
 annual rate of $1.32 per share).  The monthly common stock dividend will be
 paid on May 15, 2001 to stockholders of record on May 1, 2001.
     Additionally, the company expects to release its earnings announcement for
 the 1st quarter on April 30, 2001, after close of market.  A conference call
 to discuss the results, as well as the strategic direction of the Company,
 hosted by David M. West, the recently elected Chairman of the Board and
 interim Chief Executive Officer of the Company, will be held on May 1st at
 11:00 CDT.  Interested parties may listen in by dialing toll free to
 1-800-982-3472 (or 703-871-3022 for local and international callers).  Brokers
 and analysts are invited to listen and participate in the question and answer
 portion of the earnings call by dialing toll free to 1-800-982-3654 (or
 703-871-3021 for local and international callers).  The call will also be
 simultaneously webcast at www.Streetfusion.com.  The 1st quarter results are
 expected to include certain non-recurring charges, including transaction costs
 associated with the company's recent debt and equity financings.
     In connection with the company's recent equity financing, the Board of
 Directors approved the appointment of four new directors.  In addition to
 David M. West as Chairman and Interim CEO, the new directors are Len W. Allen,
 Jr., Executive Vice President of Lone Star U.S. Acquisitions LLC., Gregory I.
 Strong, Executive Vice President of Hudson Advisors, L.L.C., and Robert Gidel,
 Managing Director of Liberty Partners, L.P..
     U.S. Restaurant Properties, Inc. is a non-taxed financial services and
 real estate company dedicated to acquiring, managing, financing, and
 selectively developing branded service retail properties (primarily chain
 restaurants and service stations such as Burger King(R), Arby's(R),
 Chili's(R), Pizza Hut(R), Shell(R), and ExxonMobil(R)).  The company currently
 owns or finances 848 properties located in 48 states.
     This press release contains statements relating to future results,
 including future operations of the Company, which are forward-looking
 statements regarding future events and the future performance of the Company
 and for which no assurances can be made.  Actual results may differ materially
 from those projected as a result of certain risks and uncertainties associated
 with the Company's business, interest rates and the restaurant/service
 industries, as well as the risks and uncertainties detailed in the Company's
 periodic reports and registration statements filed with the Securities and
 Exchange Commission.
     For further information, contact Investor Relations at 972-387-1487,
 ext. 147.
 
 

SOURCE U.S. Restaurant Properties, Inc.
    DALLAS, April 2 /PRNewswire/ -- U.S. Restaurant Properties, Inc.
 (NYSE:   USV) announced today that the Company's Board of Directors has approved
 the May monthly common stock dividend of $0.11 per share (which equates to an
 annual rate of $1.32 per share).  The monthly common stock dividend will be
 paid on May 15, 2001 to stockholders of record on May 1, 2001.
     Additionally, the company expects to release its earnings announcement for
 the 1st quarter on April 30, 2001, after close of market.  A conference call
 to discuss the results, as well as the strategic direction of the Company,
 hosted by David M. West, the recently elected Chairman of the Board and
 interim Chief Executive Officer of the Company, will be held on May 1st at
 11:00 CDT.  Interested parties may listen in by dialing toll free to
 1-800-982-3472 (or 703-871-3022 for local and international callers).  Brokers
 and analysts are invited to listen and participate in the question and answer
 portion of the earnings call by dialing toll free to 1-800-982-3654 (or
 703-871-3021 for local and international callers).  The call will also be
 simultaneously webcast at www.Streetfusion.com.  The 1st quarter results are
 expected to include certain non-recurring charges, including transaction costs
 associated with the company's recent debt and equity financings.
     In connection with the company's recent equity financing, the Board of
 Directors approved the appointment of four new directors.  In addition to
 David M. West as Chairman and Interim CEO, the new directors are Len W. Allen,
 Jr., Executive Vice President of Lone Star U.S. Acquisitions LLC., Gregory I.
 Strong, Executive Vice President of Hudson Advisors, L.L.C., and Robert Gidel,
 Managing Director of Liberty Partners, L.P..
     U.S. Restaurant Properties, Inc. is a non-taxed financial services and
 real estate company dedicated to acquiring, managing, financing, and
 selectively developing branded service retail properties (primarily chain
 restaurants and service stations such as Burger King(R), Arby's(R),
 Chili's(R), Pizza Hut(R), Shell(R), and ExxonMobil(R)).  The company currently
 owns or finances 848 properties located in 48 states.
     This press release contains statements relating to future results,
 including future operations of the Company, which are forward-looking
 statements regarding future events and the future performance of the Company
 and for which no assurances can be made.  Actual results may differ materially
 from those projected as a result of certain risks and uncertainties associated
 with the Company's business, interest rates and the restaurant/service
 industries, as well as the risks and uncertainties detailed in the Company's
 periodic reports and registration statements filed with the Securities and
 Exchange Commission.
     For further information, contact Investor Relations at 972-387-1487,
 ext. 147.
 
 SOURCE  U.S. Restaurant Properties, Inc.