'We build the buildings for the high tech companies that build the internet'
CUPERTINO, Calif., Sept. 17 /PRNewswire-FirstCall/ -- Mission West Properties, Inc. (AMEX:MSW) today announced that its Board of Directors has declared its regular quarterly cash dividend of $0.16 per share on its common stock payable on October 4, 2007 to all common stockholders of record on September 28, 2007. The dividend is equivalent to an annual rate of $0.64 per share, which represents a 5.3 percent annualized yield based on the latest closing price of $12.00 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 October 18, 2007 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 3rd Quarter 2007 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. 866-233-3844 A recording of this conference call will be available from October 18, 2007 at 11:30 a.m. pacific time through November 1, 2007 at 11:59 p.m. pacific time by dialing: U.S.A. 800-475-6701
International 320-365-3844
Access Code 887860
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 108 properties totaling approximately 7.8 million rentable square feet, which includes approximately 894,000 rentable square feet (or 17 buildings) that are in the process of being rezoned for residential development. 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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