AmREIT, Inc. has declared its January 2010 dividends of $0.0414 per share. The dividend will be payable on January 29, 2010 to shareholders of record of January 20, 2010. The company has estimated the value per share to be $9.50 as of December 31, 2009. The estimated value per share was provided in accordance with the National Association of Securities Dealers, formerly the Financial Industry Regulatory Authority, or FINRA, Conduct Rule 2340. The estimated value per share was determined by the company’s Board of Directors in connection with the AmREIT and REITPlus, Inc. merger, of November 24, 2009.
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AmREIT is tuned in to its own shopping network. A self-managed real estate investment trust (REIT), the company invests in, develops, and manages retail properties, primarily lifestyle centers, grocery store-anchored strip centers, and single-tenant retail properties. It owns some 50 properties in about 15 states; more than half are located in Texas. The company's preferred assets are located in dense, high-traffic areas in the suburbs of Houston, Dallas, and San Antonio. The REIT's largest tenants are Kroger, DineEquity (formerly IHOP), and CVS Pharmacy. AmREIT went private in December 2008 as part of its Vision 2010 strategic plan to create a more streamlined and stable company.
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