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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) August 22, 2005
BRE Properties, Inc.
(Exact name of registrant as specified in its charter)
Maryland 1-14306 94-1722214
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
525 Market Street, 4th Floor, San Francisco, CA 94105
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (415) 445-6530
(Former name or former address if changed since last report)
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Item 8.01 Other Events
On August 22, 2005, we announced the board of directors approved regular common
and preferred stock dividends for the quarter ending September 30, 2005. All
common and preferred dividends will be payable on Friday, September 30, 2005 to
shareholders of record on September 15, 2005.
The quarterly common dividend payment of $0.50 is equivalent to $2.00 per common
share on an annualized basis, and represents a yield of approximately 4.9% on
the closing price on Friday, August 19, 2005 of $41.00 per share. BRE has paid
uninterrupted quarterly dividends to shareholders since the company's founding
in 1970.
The 8.08% Series B preferred dividend is $0.505 per share; the 6.75% Series C
preferred dividend is $0.421875 per share; and the 6.75% Series D preferred
dividend is $0.421875 per share.
About BRE Properties
BRE Properties--a real estate investment trust--develops, acquires and manages
apartment communities convenient to its residents' work, shopping, entertainment
and transit in supply-constrained Western U.S. markets. BRE directly owns and
operates 84 apartment communities totaling 23,826 units in California, Arizona,
Washington and Colorado. The company currently has nine other properties in
various stages of development and construction, totaling 2,339 units, and joint
venture interests in two additional apartment communities, totaling 488 units.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
99.1 Press Release issued by BRE Properties, Inc. August 22, 2005.
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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.
BRE Properties, Inc.
(Registrant)
Date: August 22, 2005 By: /s/ Edward F. Lange, Jr.
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Edward F. Lange, Jr.
Executive Vice President,
Chief Financial Officer and
Secretary