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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 19, 2004
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BRE Properties, Inc.
Maryland 1-14306 94-1722214
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
44 Montgomery Street, 36th floor, San Francisco, CA 94104-4809
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (415) 445-6530
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(Former name or former address if changed since last report)
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Item 8.01
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On August 19, 2004, we announced that our board of
directors approved regular common and preferred stock
dividends for the quarter ended September 30, 2004.
The common dividend of $0.4875 per share will be
payable on September 30, 2004 to shareholders of record
as of September 15, 2004. The quarterly dividend payment
is equivalent to $1.95 per share on an annualized basis,
and an approximate 5.4% annualized yield, based on
yesterday's closing share price of $35.95. BRE has paid
uninterrupted quarterly dividends to shareholders since
the company's founding in 1970.
Dividends on BRE's 8.08% Series B and 6.75% Series
C Cumulative Redeemable Preferred Stock will be payable
on September 30, 2004 to shareholders of record as of
September 15, 2004. The Series B dividend is $0.505 per
share; the Series C 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 Customers' work, shopping,
entertainment and transit in supply-constrained Western
U.S. markets. BRE directly owns and operates 85
apartment communities totaling 23,685 units in
California, Arizona, Washington, Utah and Colorado. The
company currently has seven other apartment communities
in various stages of development and construction,
totaling 1,660 units, and joint venture interests in two
additional apartment communities, totaling 488 units.
Additional information about BRE is available at
www.breproperties.com.
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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.
(Registrant)
Date: August 23, 2004 By: /s/ Edward F. Lange, Jr.
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Edward F. Lange, Jr.
EVP, Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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99 Press Release dated August 19, 2004.
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