TIER REIT Announces a Third Quarter Distribution
September 03 2015 - 5:00PM
Business Wire
TIER REIT, Inc. (NYSE: TIER), a Dallas-based real estate
investment trust, announced that its board of directors has
declared a cash distribution of $0.18 per share of common stock for
the third quarter of 2015. The distribution will be paid on October
8, 2015 to stockholders of record on September 30, 2015.
Distributions are authorized at the discretion of the company’s
board of directors based on its analysis of numerous factors,
including but not limited to the company’s forthcoming cash needs
and financial condition, and there is no assurance that
distributions will continue or at any particular rate or
timing.
About TIER REIT, Inc.
TIER REIT, Inc. is a self-managed, Dallas, Texas-based real
estate investment trust focused on maximizing total return to
stockholders through the combination of stock appreciation and
income derived from a sustainable distribution. TIER REIT’s
investment strategy is to acquire, develop and operate a portfolio
of best-in-class office properties in select U.S. markets that
consistently lead the nation in population and office-using
employment growth. For more information on TIER REIT, please visit
tierreit.com or call 972.931.4300.
Forward-Looking Statements
This press release contains forward-looking statements relating
to the business and financial outlook of TIER REIT, Inc. that are
based on current expectations, estimates, forecasts and projections
and are not guarantees of future performance. Statements contained
herein may be impacted by a number of risks and uncertainties,
including the company’s ability to rent space on favorable terms,
its ability to address debt maturities and fund its capital
requirements, the value of its assets, its anticipated capital
expenditures, and other matters. 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 document, as well as other factors described in
the Risk Factors section of TIER REIT, Inc.’s Annual Report on Form
10-K for the year ended December 31, 2014 and subsequent Quarterly
Report on Form 10-Q for the quarter ended June 30, 2015.
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 that may become untrue
because of subsequent events.
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version on businesswire.com: http://www.businesswire.com/news/home/20150903006256/en/
TIER REIT, Inc.Kelly Sargent,
972-483-2460ksargent@tierreit.com
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