Mid-Atlantic Realty Trust Posts Top Shopping Center REIT Returns

LUTHERSVILLE, MD Mid-Atlantic Realty Trust (MART) has posted the highest return among all shopping center REIT’s for a five-year period. The news comes courtesy of REITWatch, the National Association of Real Estate Investment Trust’s monthly statistical report.

MART’s annual total return for year-end 2001 was 38.83%. The five-year distinction marks the second such achievement in a row for the company. “We at MART are gratified that the marketplace has recognized MART’s strategy of combining development activities and redevelopment activities with asset purchases to produce increased funds from operations per share,” company president and CEO F. Patrick Hughes says in response to the news. Indicative of its success, the Board of Directors of MART, which has an equity interest in 36 shopping centers in the mid-Atlantic and Northeast regions, recently increased the company’s dividend for the eighth year in a row.