Innkeepers USA Trust Declares Quarterly Dividends; Increases Common Dividend by 50 Percent
14 9월 2005 - 9:30PM
Business Wire
Innkeepers USA Trust (NYSE: KPA), a hotel real estate investment
trust (REIT) and a leading owner of upscale extended-stay hotel
properties throughout the United States, today announced that its
Board of Trustees has declared a common share dividend of $0.15 per
share for the third quarter of 2005, an increase from the previous
quarterly dividend of $0.10. The board also declared a regular
dividend of $0.50 per Series C Cumulative Preferred share for the
period of July 27, 2005 to October 24, 2005. The common and Series
C preferred dividends are payable October 25, 2005, to shareholders
of record on September 30, 2005. Innkeepers USA Trust is a hotel
real estate investment trust (REIT) and a leading owner of upscale
extended-stay hotel properties throughout the United States. The
company owns 69 hotels with a total of 8,745 suites or rooms in 20
states and Washington, D.C., and focuses on acquiring and/or
developing premium branded upscale extended-stay, select-service,
and full-service hotels and the rebranding and repositioning of
other hotel properties. For more information about Innkeepers USA
Trust, visit the company's web site at www.innkeepersusa.com. This
press release, and other publicly available information on the
Company, includes forward looking statements within the meaning of
securities law. These statements include terms such as "should",
"may", "believe" and "estimate", or assumptions, estimates or
forecasts about future hotel and Company performance and results,
and the Company's future need for capital. Such statements should
not be relied on because they involve risks that could cause actual
results to differ materially from the Company's expectations when
such statements are made. Some of these risks are set forth in
reports filed from time to time with the SEC and include, without
limitation, (i) the operational risks of the hotel business
(including decreasing hotel revenues and increasing hotel expenses)
under the company's taxable REIT subsidiary structure, (ii) risks
that war, terrorism or similar activities, widespread health
alerts, disruption in oil imports or higher oil prices or changes
in domestic or international political environments negatively
affect the travel industry and the company, (iii) risk of declines
in the performance and prospects of businesses and industries
(e.g., technology, automotive, aerospace, pharmaceuticals) that are
important hotel demand generators in the company's key markets
(e.g. the Silicon Valley, CA, Washington, DC, etc.), (iv) risk that
poor, declining and/or uncertain international, national, regional
and/or local economic conditions will, among other things,
negatively affect demand for the company's hotel rooms and the
availability and terms of financing, (v) risk that the company's
ability to maintain its properties in competitive condition becomes
prohibitively expensive, (vi) risk that pricing in the hotel
acquisition market becomes prohibitively expensive or
non-financeable and that potential acquisitions or developments do
not perform in accordance with expectations, (vii) risk that the
Company may invest in hotels of a size or nature (e.g., upscale
full service or resort) different than those it has focused on
historically (e.g., upscale extended-stay, and mid-scale limited
service); (viii) risks related to an increasing focus on
development, including permitting risks, increasing the proportion
of Company assets not producing revenue at a given time and risks
that projects cost more, take longer to complete or do not perform
as anticipated; (ix) changes in travel patterns or the prevailing
means of commerce (i.e., e-commerce) may reduce demand for hotels
in general or the Company's hotels in particular, (x) the complex
tax rules that the company must satisfy to qualify as a REIT and
the potentially severe consequences of failing to satisfy such
requirements, and (xi) governmental regulation that may increase
the company's cost of doing business or otherwise negatively effect
its business or its attractiveness as an investment and create risk
of liability for non-compliance (e.g., changes in laws affecting
taxes or dividends, compliance with the Americans with Disabilities
Act, workers compensation law changes, the Sarbanes-Oxley law,
etc.).
Innkeepers Usa (NYSE:KPA)
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Innkeepers Usa (NYSE:KPA)
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