Frequently Asked Questions

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BRE PROPERTIES, INC. ( - )  
Company FAQs

Q: Where is BRE Properties Inc.'s stock traded?
A: BRE Properties' stock is traded on the NYSE under the symbol BRE. For more detailed stock information click here.

Q: Where can I find information about BRE Properties' Shareholder Services?
A: Click here for more information.

Q: What are BRE Properties' credit ratings?
A: You can find more information about our credit ratings by clicking here.

Q: Who is the Market Specialist for BRE Properties' Stock?
A: Click here to see our Market Specialist and their contact information.

Q: How can I receive Email alerts from BRE Properties?
A: To sign up for Email alerts on our Events, Documents, Press Releases and closing stock price information click here to go to our Email Notification page.

Q: How can I receive an annual report and other financial information by mail?
A: Viewing information online saves us printing and mailing costs. To view these materials online, click here.

If you would like to receive hard copies, submit a request here.

Q: How can I invest in BRE?
A: You can invest directly through BRE by calling our transfer agent, Wells Fargo, at 800.368.8392. Enroll online at www.shareowneronline.com.

You can also contact your broker for more information.

Q: Does BRE have a Direct Stock Purchase & Dividend Reinvestment Plan (DRIP)?
A: Yes. You can request info and an application using the Information Request page.

Q: Is there a fee if I invest in BRE directly?
A: No, there is no fee or commission.

Q: How frequently are dividends paid?
A: Dividends are paid on a quarterly basis.

Q: What series of preferred stock does BRE have outstanding?
A: 6.75% Series D.

Q: I have more questions. How can I request additional information or contact BRE Properties?
A: To request information, go to our Information Request page. You can also call BRE's Investor Relations department at 415.445.6500 or send an e-mail to ir@breproperties.com.


Shareholder FAQs

Q: Who is BRE Properties' transfer agent?
A: Wells Fargo is BRE's transfer agent.

Q: What is a transfer agent?
A: A transfer agent is hired by a publicly traded corporation to keep track of individuals and entities that own its stock. The transfer agent keeps records of stock purchases, sales and account balances of registered shareholders. BRE's transfer agent, Wells Fargo, keeps track of all outstanding stock certificates and the registered holder of those certificates. If a BRE registered shareholder buys or sells BRE stock, Wells Fargo transfers the ownership of that stock.

Q: What is a registered stockholder?
A: A registered shareholder is the owner of the stock as recorded by the transfer agent. The registered shareholder's name appears on the stock certificate.

Q: What if I hold shares through a broker?
A: Transfer agents do not keep track of shares traded or held through brokerage accounts -- those records are maintained by the brokerage. Stocks that are held in a brokerage account are considered to be held in "street name," which means that those shares are held on behalf of the stockholder by the broker. Because of this, the transfer agent considers the brokerage to be the registered shareholder. Brokerages keep track of their clients' accounts and provide their clients with information regarding their BRE shares, including the delivery of proxy materials and distribution of dividends.

Q: Who should I contact regarding my stock certificate(s)?
A: If you are a registered shareholder, contact BRE's transfer agent, Wells Fargo, at 800.368.8392.

Q: How can I transfer my stock or change my address with the transfer agent?
A: If you are a registered shareholder, contact BRE's transfer agent, Wells Fargo, at 800.368.8392.

Q: How do I replace lost stock certificates?
A: If you are a registered shareholder, contact BRE's transfer agent, Wells Fargo, at 800.368.8392. Wells Fargo will issue you a replacement.

Q: How do I transfer my certificates to another name?
A: If you are a registered shareholder, contact BRE's transfer agent, Wells Fargo, at 800.368.8392.

Q: How do I calculate my cost basis?
A: If you are a registered shareholder, contact BRE's transfer agent, Wells Fargo, at 800.368.8392. If you hold your shares through a broker, please contact your broker for that information.

Q: Where can I find the tax status of my dividends?
A: Visit our Dividends page to find tax status information for recent years.

Q: I never received my 1099-DIV. What do I do?
A: If you are a registered shareholder, contact BRE's transfer agent, Wells Fargo, at 800.368.8392.

Q: Do you have a record of my stock trading activity?
A: If you are a registered shareholder, contact BRE's transfer agent, Wells Fargo, at 800.368.8392. If you hold your shares through a broker, we do not have a record of your stock trading activity--but your broker should.

Q: When is the next Annual Stockholders’ Meeting?
A: The next annual meeting of stockholders is April 24, 2013.

Q: Can I view my proxy materials online?
A: Yes. Just click here.

Q: I have stock in a company called VelocityHSI. What is it? Is it worth anything?
A: VelocityHSI, Inc. was a high-speed Internet company formed as a division of BRE in April 2000 and spun off as a separately traded public company in August 2000. BRE common shareholders of record as of August 7, 2000 received one share of VelocityHSI for every five shares of BRE owned, on August 15, 2000.

This special noncash, nonrecurring distribution resulted in taxable income to common shareholders of $0.24 per BRE common share. The cost basis of VelocityHSI at the time of distribution was $1.20 per share. The distribution did not result in a tax-basis reduction of a holder's shares of BRE.

VelocityHSI declared bankruptcy in August 2001; the stock currently has no value. For more information regarding VelocityHSI, please submit an information request.


REIT FAQs


Q: What is a REIT?
A: A Real Estate Investment Trust, or REIT, is a company that owns, and in most cases, operates income-producing real estate. REITs can be private or public.

To be a REIT, a company must distribute at least 90 percent of its taxable income to shareholders annually in the form of dividends.

There are several other organizational requirements a company must meet to be a REIT. It must be governed by directors or trustees, and its shares must be transferable. Beginning with its second taxable year, a REIT must meet two ownership tests: it must have at least 100 different shareholders, and 5 or fewer individuals cannot own more than 50 percent of the value of the REIT's stock during the last half of its taxable year.

There are approximately 200 publicly traded REITs in the United States.


Q: What kinds of REITs are there?
A: There are three types of REITs:
  • Equity REITs own and operate income-producing real estate. BRE is an equity REIT.
  • Mortgage REITs lend money directly to real estate owners and their operators, or indirectly through acquisition of loans or mortgage-backed securities.
  • Hybrid REITs are companies that both own properties and make loans to owners and operators.
Sources: BRE Properties, NAREIT


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