TIER REIT Declares Second Quarter 2016 Distribution
May 05 2016 - 4:30PM
Business Wire
TIER REIT, Inc. (NYSE:TIER), a Dallas-based real estate
investment trust, announced today that its board of directors has
declared a cash distribution of $0.18 per share of common stock for
the second quarter of 2016. The distribution will be paid on July
8, 2016 to stockholders of record on June 30, 2016.
About TIER REIT, Inc.
TIER REIT, Inc. is a self-managed, Dallas-based real estate
investment trust focused on delivering outsized stockholder return
through stock price appreciation and dividend growth while offering
unparalleled tenant service. 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 both population and office-using employment growth. Within these
markets, we target TIER1 submarkets, which are primarily urban and
amenity-rich locations. For additional information regarding TIER
REIT, please visit www.tierreit.com or call 972.483.2400.
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, 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/20160505005170/en/
TIER REIT, Inc.Scott McLaughlin,
972-483-2465smclaughlin@tierreit.com
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