Capital Automotive to Present at the Friedman Billings Ramsey 10th Annual Investor Conference
25 Novembre 2003 - 3:53PM
PR Newswire (US)
Capital Automotive to Present at the Friedman Billings Ramsey 10th
Annual Investor Conference MCLEAN, Va., Nov. 25
/PRNewswire-FirstCall/ -- Capital Automotive REIT , the nation's
leading specialty finance company for automotive retail real
estate, announced today that its President and CEO, Tom Eckert, is
scheduled to present to the investment community at the Friedman
Billings Ramsey 10th Annual Investor Conference on Wednesday,
December 3, 2003 at 9:30 a.m. EST at the Sheraton New York Hotel
and Towers, New York. A live audio webcast of the presentation will
be available to the public and can be accessed at
http://www.wallstreetwebcasting.com/webcast/fbr3. Interested
parties should click on the CARS symbol for Wednesday, December 3,
2003 at 9:30 a.m. EST. Please allow extra time to visit the site
and download the necessary software to listen to the Internet
broadcast. A copy of the presentation will be posted to the
Investor Relations section of the company's website at
http://www.capitalautomotive.com/. About Capital Automotive Capital
Automotive, headquartered in McLean, Virginia, is a self-
administered, self-managed real estate investment trust that
acquires real property and improvements used by operators of
multi-site, multi-franchised automotive dealerships and related
businesses. Additional information on Capital Automotive is
available on the Company's Website at
http://www.capitalautomotive.com/. Certain matters discussed within
this press release are forward-looking statements within the
meaning of the federal securities laws. Although the Company
believes that the expectations reflected in the forward-looking
statements are based upon reasonable assumptions, the Company's
future operations will depend on a number of factors that may
differ, some materially, from the Company's assumptions. These
factors, which could cause the Company's actual results to differ
materially from those set forth in the forward-looking statements,
include risks that our tenants will not pay rent; risks related to
our reliance on a small number of tenants for a significant portion
of our revenue; risks of financing, such as our ability to meet
existing financial covenants and to consummate planned and
additional financings on terms that are acceptable to us; risks
that our growth will be limited if we cannot obtain additional
capital; risks that planned and additional acquisitions may not be
consummated; risks related to the automotive industry, such as the
ability of our tenants to compete effectively in the automotive
retail industry and the ability of our tenants to perform their
lease obligations as a result of changes in any manufacturer's
production, supply, vehicle financing, marketing or other practices
or changes in the economy generally; risks generally incident to
the ownership of real property, including adverse changes in
economic conditions, changes in the investment climate for real
estate, changes in real estate taxes and other operating expenses,
adverse changes in governmental rules and fiscal policies and the
relative illiquidity of real estate; environmental and other risks
associated with the acquisition and leasing of automotive
properties; risks related to our status as a REIT for federal
income tax purposes, such as the existence of complex regulations
relating to our status as a REIT, the effect of future changes in
REIT requirements as a result of new legislation and the adverse
consequences of the failure to qualify as a REIT; and those risks
detailed from time to time in the Company's SEC reports, including
its Form 8- K/A filed on February 12, 2003, its annual report on
Form 10-K and its quarterly reports on Form 10-Q. The Company makes
no promise to update any of the forward-looking statements or to
publicly release the results if the Company revises any of them.
Contact Information David S. Kay Senior Vice President, Chief
Financial Officer & Treasurer Capital Automotive REIT
703.394.1302 DATASOURCE: Capital Automotive REIT CONTACT: David S.
Kay, Senior Vice President, Chief Financial Officer & Treasurer
of Capital Automotive REIT, +1-703-394-1302 Web site:
http://www.capitalautomotive.com/
http://www.wallstreetwebcasting.com/webcast/fbr3
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