RPB Republic Property Tr

Republic Property Trust (NYSE:RPB) announced today that its Board of Trustees declared a quarterly cash distribution of $0.125 per common share for the period commencing on October 1, 2006 and ending on December 31, 2006. The distribution, which is subject to quarterly board approval, represents approximately $0.50 on an annualized basis. The distribution is payable on February 15, 2007 to shareholders of record on January 31, 2007. The Company�s common shares will begin trading ex-dividend on January 29, 2007. The Company had previously stated, in its third quarter 2006 conference call held November 7, 2006, that the distribution level would be reviewed in conjunction with its next quarterly meeting of the Board of Trustees. Republic�s Board of Trustees concluded that reducing the distribution will allow the Company to more appropriately balance its distribution payout with its current level of operations and will decrease the Company�s reliance on its credit facility. Chief Executive Officer Mark Keller stated, �We must balance our distribution with our current level of operations. By decreasing the distribution, we are able to reserve our capacity to execute Republic�s long-term growth strategies and maximize shareholder value.� About Republic Property Trust Republic Property Trust is a fully integrated, self-administered and self- managed real estate investment trust formed to own, operate, lease, acquire and develop primarily Class A office properties. The Company's current portfolio is focused in the Washington, D.C. metropolitan, or Greater Washington, D.C., market. Republic Property Trust also selectively seeks fee-based development opportunities for all real estate classes. Safe Harbor Various statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "strategy," "plan," "project," "believe," "anticipate," "intend," "should," "will," "expect," "estimate," and similar expressions identify these forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results to differ materially from historical results or from any results expressed or implied by these forward-looking statements, including without limitation: national and local economic, business, real estate and other market conditions; the competitive environment in which the Company operates; financing risks; property management risks; the level and volatility of interest rates; financial stability of tenants; the Company's ability to maintain its status as a REIT for federal income tax purposes; acquisition, disposition, development and joint venture risks; potential environmental and other liabilities; the Company's ability to pay its estimated distribution at its current rate; the impact of potential management changes; the Company's ability to acquire its options properties; the outcome of any material litigation; and other factors affecting the real estate industry generally. The Company refers you to the documents filed by it from time to time with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, each of which discusses these and other factors that could adversely affect the Company's results. The Company does not undertake a duty to update or revise any forward-looking statement whether as a result of new information, future events or otherwise.