Chambers Street Properties (NYSE:CSG), a net lease industrial and office real estate investment trust, announced today that its board of trustees has approved a monthly distribution to shareholders of $0.042 per common share for October 2013, representing an annualized amount of approximately $0.504 per share. The dividend is payable on November 7, 2013 to all shareholders of record as of October 31, 2013.
“We are pleased to transition to a monthly dividend and even more pleased to deliver our first monthly dividend with a slight increase in the dividend rate,” said Jack Cuneo, President and CEO of Chambers Street.
About Chambers Street Properties (NYSE:CSG)
Chambers Street is a leading net lease industrial and office real estate investment trust that focuses on acquiring, owning and operating high-quality warehouse/distribution and office properties leased to creditworthy tenants.
As of June 30, 2013, Chambers Street's $3.3 billion portfolio (at cost) is comprised of 129 properties, encompassing 34.2 million rentable square feet.
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