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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 16, 2006
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:
[ ] 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)) Rule 425, Rule 14a-12 and Instruction 2
to Rule 14d-2(b)(2)
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Item 8.01 OTHER EVENTS
On November 16, 2006, we announced that our board of directors approved regular
common and preferred stock dividends for the quarter ending December 31, 2006.
All common and preferred dividends will be payable on Friday, December 29, 2006
to shareholders of record on Friday, December 15, 2006.
The quarterly common dividend payment of $0.5125 is equivalent to $2.05 per
common share on an annualized basis, and represents a yield of approximately
3.4% on Friday's closing price of $61.09 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
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 79 apartment communities totaling 22,166 units in California, Arizona
and Washington. The company currently has 10 other properties in various stages
of development and construction, totaling 2,462 units, and joint venture
interests in nine additional apartment communities, totaling 2,672 units. As of
9/30/06.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibit Number
99.1 Press Release dated November 16, 2006
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 16, 2006 By: /s/ Edward F. Lange, Jr.
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Edward F. Lange, Jr.