'We Build the Buildings for the High Tech Companies That Build the Internet'
CUPERTINO, Calif., March 16 /PRNewswire-FirstCall/ -- Mission West Properties, Inc. (AMEX:MSW)(PCX:MSW) today announced that its Board of Directors has declared its regular first-quarter cash dividend of $0.16 per share on its common stock payable on April 6, 2006 to all common stockholders of record on March 31, 2006. The dividend is equivalent to an annual rate of $0.64 per share, which represents a 5.7 percent annualized yield based on yesterday's closing price of $11.24 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 April 25th, 2006 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 1st Quarter 2006 earnings results. We will end the conference call with a question and answer session. The dial in number for the conference call is: U.S.A. 877-209-0397 A recording of this conference call will be available from April 25, 2006 at 11:30 a.m. Pacific time through May 9, 2006 at 11:59 p.m. Pacific time by dialing: U.S.A. 800-475-6701
International 320-365-3844
Access Code 822920 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 109 properties totaling approximately 7.9 million 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," "intends," 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 under the Company's Berg Land Holdings Option Agreement with 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. DATASOURCE: Mission West Properties, Inc.
CONTACT: Carl Berg of Mission West Properties, Inc., +1-408-725-0700 Web site: http://www.missionwest.com/
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