HOUSTON--(BUSINESS WIRE)-- AmREIT, Inc., a Houston-based real estate company that has elected to be taxed as a real estate investment trust, released the tax status of dividends paid on its common stock for the year ended December 31, 2011.
The following tables present the federal income tax status of the dividends paid on the shares of common stock during the year ended December 31, 2011:
|
Record
Date |
Payable
Date |
Total
Distribution Per Share |
Taxable
Ordinary Dividend (Box 1a) |
Qualified
Dividends (Box 1b) (Note A) |
Capital Gain
Distribution (Box 2a) |
Un-
recaptured Section 1250 Gain (Box 2b) (Note B) |
Return of
Capital – Non- Taxable (Box 3) |
||||||||||||||
| 3/21/2011 | 3/31/2011 | $ 0.1000 | $ 0.07746 | $ 0.00000 | $ 0.00027 | $ 0.00027 | $ 0.02227 | ||||||||||||||
| 6/20/2011 | 6/30/2011 | $ 0.1000 | $ 0.07746 | $ 0.00000 | $ 0.00027 | $ 0.00027 | $ 0.02227 | ||||||||||||||
| 9/20/2011 | 9/30/2011 | $ 0.1000 | $ 0.07746 | $ 0.00000 | $ 0.00027 | $ 0.00027 | $ 0.02227 | ||||||||||||||
| 12/20/2011 | 12/30/2011 | $ 0.1000 | $ 0.07746 | $ 0.00000 | $ 0.00027 | $ 0.00027 | $ 0.02227 |
Note A - The amount is included in taxable ordinary dividends and represents the portion identified as qualified dividends.
Note B - This amount is included in capital gain distribution and represents un-recaptured section 1250 gain.
In accordance with IRS Code Section 6045B, the company has posted Form 8937, Report of Organizational Actions Affecting Basis of Securities, which may be found at www.amreit.com/Shareholder-Relations/Press-Releases/Press-Releases-1221.html. This form provides detailed information on the return of capital portion of the common share distributions.
About AmREIT, Inc.
AmREIT is a 27-year old, equity real estate investment trust focused on the ownership, management, and redevelopment of neighborhood and community shopping centers located on Irreplaceable CornersTM. Our premium quality properties are positioned within the most affluent and densely populated submarkets of major metropolitan “sunbelt” cities. Over 25% of our GLA is occupied by top-tier grocers. According to data provided by The Nielsen Company as of December 31, 2010, we believe our portfolio ranks #1 in its peer group in combined affluence, density and forecasted growth metrics. As of September 30, 2011, AmREIT owns a portfolio of 30 properties with an average occupancy of 92 percent. We also own an interest in and control 20 additional properties through advised funds. The combined asset value of our real estate platform is approximately $900 million. For more information, call Chad Braun, Chief Financial Officer of AmREIT, Inc., at (713) 850-1400. AmREIT, Inc. is online at www.amreit.com.
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