Glenborough (NYSE:GLB)
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Glenborough Realty Trust Incorporated
(NYSE:GLB)(NYSE:GLB PrA) today provided an update on its anticipated
filings with the Securities Exchange Commission ("SEC") of amendments
to its Annual Report on Form 10-K/A for the year ended December 31,
2004 and its Quarterly Report on Form 10-Q/A for the quarter ended
March 31, 2005. These amendments relate to restatements of the
Company's consolidated financial statements. As previously described
more fully in its Current Report on Form 8-K/A filed with the SEC on
August 19, 2005, the restatements correct the recording of preferred
and common stock dividends in the period in which they were declared
rather than in the period in which they were paid, as had been the
Company's prior practice. The Company expects to file the amended
Annual Report on Form 10-K/A and amended Quarterly Report on Form 10-Q
by the close of the market on November 15, 2005. The Company had
previously announced such amendments would be filed on or before
September 30, 2005.
Glenborough is a REIT which is focused on owning high quality,
multi-tenant office properties concentrated in Washington D.C.,
Southern California, Boston, Northern New Jersey, and Northern
California. The Company has a portfolio of 57 properties encompassing
approximately 10 million square feet as of June 30, 2005.