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NEW YORK ( TheStreet) -- The ex-dividend date for BRE Properties (NYSE: BRE) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $49.65 as of 9:30 a.m. ET, the dividend yield is 3.1%. The average volume for BRE has been 568,200 shares per day over the past 30 days. BRE has a market cap of $3.79 billion and is part of the financial sector and real estate industry. Shares are down 1.6% year to date as of the close of trading on Friday. BRE Properties Inc., a real estate investment trust (REIT), engages in the development, acquisition, and management of multifamily apartment communities in the western United States. The company has a P/E ratio of 71.1, below the average real estate industry P/E ratio of 109.5 and above the S&P 500 P/E ratio of 17.7.