Pacific Office Properties Withdraws from Intended Listing on the NYSE and Reverse Stock Split
13 Janeiro 2011 - 9:00AM
Business Wire
Pacific Office Properties Trust, Inc. (NYSE Amex: PCE), a West
Coast office REIT, announced today that it will not proceed with
the previously announced transfer of the listing of its common
stock to the New York Stock Exchange (NYSE) or the intention to
effectuate a reverse stock split of its common stock at this time.
These actions were planned in connection with a public offering of
common stock that the Company has elected not to continue due to
adverse market conditions.
About Pacific Office Properties Trust, Inc.
Pacific Office Properties Trust, Inc. (www.pacificofficeproperties.com) is a real estate
investment trust that owns, acquires and operates primarily
institutional-quality office properties principally in selected
long-term growth markets in California and Hawaii.
Certain Information About Forward-Looking Statements
Some of the statements contained in this press release
constitute forward-looking statements within the meaning of the
federal securities laws. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar expressions concerning
matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as “pipeline,” “may,” “will,” “should,” “expects,”
“intends,” “plans,” “anticipates,” “assumes,” “believes,”
“estimates,” “predicts” or “potential” or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. You can also identify forward-looking
statements by discussions of strategy, plans or intentions.
The forward-looking statements contained in this press release
reflect our current views about future events and are subject to
numerous known and unknown risks, uncertainties, assumptions and
changes in circumstances that may cause our actual results to
differ significantly from those expressed in any forward-looking
statement. Statements regarding the following subjects, among
others, may be forward-looking: identification of office properties
to acquire and completing acquisitions on terms favorable to us;
our ability to source off-market deal flow in the future; our
ability to manage our growth effectively; operation of acquired
properties; adverse economic or real estate conditions or
developments in the office real estate sector and/or in the markets
in which we acquire properties; our projected operating results;
decreased rental rates or increased vacancy rates; defaults on,
early terminations of or non-renewal of leases by tenants; tenant
bankruptcies; our ability to sell our interests in properties on a
timely basis and on favorable terms; our joint ventures; declining
real estate valuations and impairment charges; insurance coverage;
our ability to comply with the laws, rules and regulations
applicable to us; impact of changes in governmental regulations,
tax law and rates, and similar matters; the impact of litigation;
market trends in our industry, interest rates, real estate values,
the capital markets and the general economy; our understanding of
our competition; our ability to obtain financing arrangements or
refinance existing debt; future debt service obligations; our
expected leverage; increased interest rates and operating costs;
availability, terms and deployment of capital; our ability to
maintain our qualification as a REIT for U.S. federal income
tax purposes; changes in our business and investment strategy; and
those additional factors described under the heading “Risk Factors”
and elsewhere in our Annual Report on Form 10-K for the year ended
December 31, 2009 and in our subsequent Quarterly Reports on Form
10-Q.
While forward-looking statements reflect our
good faith beliefs, assumptions and expectations, they are not
guarantees of future performance. Furthermore, we disclaim any
obligation to publicly update or revise any forward-looking
statement to reflect changes in underlying assumptions or factors,
new information, data or methods, future events or other changes.
For a further discussion of these and other factors that could
cause our future results to differ materially from any
forward-looking statements, reference should be made to our filings
with the Securities and Exchange Commission.
Pacific Office Properties Trust, (AMEX:PCE)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Pacific Office Properties Trust, (AMEX:PCE)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024
