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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) November 28, 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 94105-2712
(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)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events
On November 28, 2005, we announced our board of directors approved regular
common and preferred stock dividends for the quarter ending December 31, 2005.
All common and preferred dividends will be payable on Friday, December 30, 2005
to shareholders of record on December 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 4.2% on
the closing price on Friday, November 25, 2005 of $47.47 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 2,213 units, and joint
venture interests in two additional apartment communities, totaling 488 units.
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: November 28, 2005 By: /s/ Edward F. Lange, Jr.
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Name: Edward F. Lange, Jr.
Title: Executive Vice President,
Chief Financial Officer
and Secretary