PLANO, Texas, May 31, 2017 /PRNewswire/ -- Monogram
Residential Trust, Inc., (NYSE: MORE) ("Monogram" or the "Company")
an owner, operator and developer of luxury apartment communities
with a significant presence in select coastal markets, today
announced that its board of directors authorized a cash dividend of
$0.075 per share on common stock for
the second quarter of 2017. The dividend will be payable on
July 7, 2017 to shareholders of
record at the close of business on June
30, 2017.
About Monogram
Monogram is a fully integrated self-managed real estate
investment trust that invests in, develops and operates high
quality multifamily communities offering location and lifestyle
amenities. Monogram invests in stabilized operating properties and
properties in various phases of development, with a focus on
communities in select markets across the
United States. As of March 31,
2017, Monogram's portfolio includes investments in 49
multifamily communities in 10 states comprising 13,674 apartment
homes.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of federal securities laws that are based on our
current expectations, estimates, forecasts and projections and are
not guarantees of future performance. These statements may be
impacted by a number of known and unknown risks and uncertainties,
including, without limitation, risks associated with our business
strategy; our ability to obtain future financing arrangements;
estimates relating to our future distributions; our understanding
of our competition; market trends; and projected capital
expenditures. Actual results may differ materially from those
expressed in these forward-looking statements, and you should not
place undue reliance on any such statements. A number of important
factors could cause actual results to differ materially from the
forward-looking statements contained in this press release,
including important risk factors described in the Risk Factors
section of our Annual Report on Form 10-K for the year ended
December 31, 2016 and in our
subsequent filings with the Securities and Exchange Commission.
Forward-looking statements in this press release speak only as of
the date on which such statements were made, and we undertake no
obligation to update any such statements to conform to actual
results or changes in our expectations.
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SOURCE Monogram Residential Trust, Inc.