The multifamily developer will pay 60 ¼ cents per share on its common stock June 30 to holders of record on June 14. The dividend is equivalent to an annualized rate of $2.41 per share.
On its series A preferred shares, a dividend of 51 ¾ cents per share will be paid June 17 to holders of record onJune 3. The dividend is equivalent to an annual rate of $2.075 per share.
The Company manages 159 communitieswith 44,796 apartment homes; owns 79 communities with 22,682 completedapartment homes; and has an additional 11 communities with 2,663 apartmenthomes under development or lease-up primarily in Houston, Atlanta, SouthFlorida, Austin, Dallas, Tampa/Orlando and Washington, DC.
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