A self-administered equity real estate investment trust, Bedford last month reported Funds From Operations of $47.1 million or $2.76 per share for the 12 months ending December 31, 2001, a 12% increase from the same period for 2000.
Mission West Properties Inc. announced a dividend of $0.24 Tuesday for the first quarter of 2002, payable on April 11 to common stockholders of record as of March 29. The self-administered REIT has steadily increased its dividends over the past six quarters.
Bedford shares closed Thursday at $25.30, up $0.02 on the day but off $1.34 cents since March 6, when the company's shares traded at a 52-week high of $26.69. Shares of Mission West closed Thursday at $12.97, up $0.32 on the day. The price is $1.80 cents below its 52-week high of $14.45, which dates back to June 2001.
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