Innkeepers USA Trust Declares Quarterly Dividends
14 6월 2006 - 10:55PM
PR Newswire (US)
PALM BEACH, Fla., June 14 /PRNewswire-FirstCall/ -- 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 on May 2, 2006, its board
of trustees declared a common share dividend of $0.15 per share for
the second quarter of 2006. The board also declared a regular
dividend of $0.50 per Series C Cumulative Preferred share for the
period of April 26, 2006 to July 25, 2006. The common and Series C
preferred dividends are payable July 25, 2006, to shareholders of
record on June 30, 2006. Innkeepers USA Trust owns 70 hotels with a
total of 8,816 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 http://www.innkeepersusa.com/. This press release, and
other publicly available information on the Company, includes
forward looking statements within the meaning of federal 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), (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, Northern NJ,
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 wages, taxes or dividends,
compliance with building codes, compliance with the Americans with
Disabilities Act, workers compensation law changes, the
Sarbanes-Oxley law, etc.). The Company undertakes no obligation to
update any forward looking statement to reflect actual results,
changes in the Company's expectation, or for any other reason.
Contact: Dennis Craven (Company) Jerry Daly or Carol McCune Chief
Financial Officer Daly Gray (Media) (561) 227-1302 (703) 435-6293
DATASOURCE: Innkeepers USA Trust CONTACT: Dennis Craven, Chief
Financial Officer of Innkeepers USA Trust, +1-561-227-1302; or
Media: Jerry Daly or Carol McCune of Daly Gray, +1-703-435-6293,
for Innkeepers USA Trust Web site: http://www.innkeepersusa.com/
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