Abrams Declares Quarterly Dividend, Announces Sale of Investment Property

Abrams Declares Quarterly Dividend, Announces Sale of Investment
Property 


ATLANTA, Feb. 25  /PRNewswire-FirstCall/ -- ABRAMS INDUSTRIES, INC.
(NASDAQ:ABRI), an energy services, facilities solutions and real estate
company, today reported that the Board of Directors declared a dividend in the
amount of $.04 per share, the Company's 103rd consecutive quarterly dividend,
payable March 31, 2005, to shareholders of record March 14, 2005.

Additionally, the Company announced that the Board of Directors has authorized
the repurchase of up to 50,000 shares of its Common Stock during the
twelve-month period beginning March 4, 2005.  Any such purchases, if made,
could be in the open market at prevailing prices or in privately negotiated
transactions.

Separately, the Company reported the sale this month of Manchester Plaza
Shopping Center of Cincinnati, Ohio, for a price of $3.6 million, resulting in
a pre-tax gain on sale in February of approximately $850,000 and net cash
proceeds of approximately $3.45 million.  The center was originally acquired by
the Company in February 1998. In order to defer the federal income tax
otherwise payable on the gain, the Company intends to re-deploy the sales
proceeds through the purchase of an additional income producing property.

Established in 1925, Abrams Industries, operating nationwide through its wholly
owned subsidiaries, offers a variety of energy services and facility solutions
to building owners and operators, and engages in commercial real estate
investment and development.  The Company provides energy engineering services,
maintenance and service request solutions, and turnkey implementation of energy
saving lighting programs and related energy services, which help its customer
base of owners and operators of commercial office, hospitality, retail,
institutional, industrial, residential, government, and health care buildings,
and energy services companies, optimize facility performance and maximize
value, by reducing energy consumption, maintenance expenses and other building
operating costs, while improving occupant satisfaction.  The Company also
currently owns or controls over 900,000 square feet of shopping centers in the
Midwest and Southeast and more than 200,000 square feet of office properties in
metropolitan Atlanta, Georgia.  For more information about Abrams Industries,
please visit http://www.abramsindustries.com/ or call 770-953-0304.

Certain statements contained in this news release are forward-looking
statements within the meaning of the federal securities laws.  Such forward-
looking statements involve known and unknown risks, uncertainties and other
matters which may cause the actual results, performance or achievements of
Abrams Industries, Inc. to be materially different from any past or future
results, performance, or uncertainties expressed or implied by such forward-
looking statements. Abrams Industries, Inc. does not undertake to update these
forward-looking statements. 

DATASOURCE: Abrams Industries, Inc.



CONTACT:  Alan R. Abrams, Co-Chairman, President & Chief Executive

Officer of Abrams Industries, Inc., [phone], or e-mail,





Web site:  http://www.abramsindustries.com/ 

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