8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): January 18, 2005

CRT Properties, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Florida	1-9997	59-2898045
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
225 NE Mizner Blvd., Suite 200, Boca Raton, Florida		33432
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 561-447-1874

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure.

CRT Properties, Inc. announced its quarterly conference call to discuss fourth quarter 2004 financial results on Wednesday, February 23, 2005, as more particularly described in its News Release, dated January 18, 2005, a copy of which is attached hereto as Exhibit 99.1 and by this reference made a part hereof.

CRT Properties, Inc. announced the tax treatment of its 2004 dividends paid to shareholders, as more particularly described in its News Release, dated January 18, 2005, a copy of which is attached hereto as Exhibit 99.2


For more information on CRT Properties, Inc., contact the company at (800) 850-2037 or visit its web site at www.crtproperties.com.

Item 9.01. Financial Statements and Exhibits.

Exhibit 99.1 - CRT Properties, Inc., News Release dated January 18, 2005.
Exhibit 99.2 - CRT Properties, Inc., News Release dated January 18, 2005.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CRT Properties, Inc.
January 21, 2005	By:	Steven A. Abney
		Name: Steven A. Abney
		Title: Vice President, Finance and Chief Accounting Officer

Exhibit Index

Exhibit No.	Description
99.1	Earnings Conference Call
99.2	Tax Tmt of Dividends

EX-99.1

EXHIBIT 99-1
CRT Properties, Inc.
225 NE Mizner Blvd., Suite 200
Boca Raton, Florida 33432

NEWS

CRT PROPERTIES, INC. ANNOUNCES FOURTH QUARTER 2004 EARNINGS CONFERENCE CALL

BOCA RATON, FLORIDA—January 18, 2005—CRT Properties, Inc. (NYSE:CRO), formerly known as Koger Equity, Inc., announced today that it will host its quarterly conference call to discuss fourth quarter 2004 financial results on Wednesday, February 23, 2005 at 9:00 AM Eastern. Hosting the call will be Thomas J. Crocker, Chief Executive Officer, Thomas C. Brockwell, Executive Vice President and Steven A. Abney, Chief Accounting Officer.

The call will be webcast live over the Internet from the Company’s website at www.crtproperties.com under the section titled “Webcast”. Participants should follow the instructions provided on the website for the download and installation of audio applications necessary to join the webcast. The call can also be accessed live over the phone by dialing 800-865-4435 or for international callers by dialing 973-935-2404.

A replay of the call will be available one hour after the call and can be accessed by dialing 877-519-4471 or 973-341-3080 for international callers; the password is 5615849. The replay will be available from February 23, 2005, through March 9, 2005 and will be archived on CRT’s website thereafter. A press release with the fourth quarter 2004 financial results will be issued after the market close on Tuesday, February 22, 2005.

About CRT Properties, Inc., formerly known as Koger Equity, Inc.

CRT Properties, Inc., formerly known as Koger Equity, Inc., owns or has interests in 137 office buildings, containing 11.7 million rentable square feet, located in more than twenty five suburban and urban office projects in twelve metropolitan areas in the Southeastern United States, Texas and Maryland. For more information about CRT Properties, visit its website at www.crtproperties.com or contact Investor Relations, 225 NE Mizner Boulevard, Suite 200, Boca Raton, Florida 33432-3945, or call 1-800-850-2037.

CONTACT: CRT Properties, Inc.
Investor Relations
Thomas C. Brockwell, Executive Vice President
1-800-850-2037

Private Securities Litigation Reform Act of 1995. The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The forward-looking statements contained in this release, including those that refer to management’s plans and expectations for future operations, prospects and financial condition, are subject to certain risks and uncertainties. Actual results could differ materially from current expectations. The words “believe,” “expect,” “anticipate,” “intend,” “estimate” and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Reliance should not be placed on these statements because, by their nature, they are subject to known and unknown risks and can be affected by factors that are beyond the control of CRT Properties, Inc. Among the factors that could affect the Company’s actual results are changes in general economic conditions, including changes in the economic conditions affecting industries in which its principal tenants compete; its ability to timely lease or re-lease space at current or anticipated rents to creditworthy tenants; changes in interest rates; future demand for its debt and equity securities; and its ability to complete current and future development projects on schedule and on budget. A more detailed discussion of these and other factors is set forth in the “Risk Factors” section of the Company’s SEC reports and filings, including its Annual Report on Form 10-K for the year ended December 31, 2003. For forward-looking statements contained or incorporated by reference herein, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Exhibit 99-2

CRT PROPERTIES, INC.
225 NE Mizner Blvd., Suite 200
Boca Raton, Florida 33432

CRT PROPERTIES ANNOUNCES TAX TREATMENT OF 2004 DIVIDENDS

BOCA RATON, FLORIDA—January 18, 2005—CRT Properties, Inc. (NYSE: CRO), formerly known as Koger Equity, Inc., today announced the tax treatment of its 2004 dividends paid to shareholders.

For 2004, CRT Properties paid total dividends of $1.40 per share to common shareholders which are characterized as follows:

			Total Dividend per		Taxable Ordinary		Return of
Record Date	Payment Date		Share		Dividend		Capital
12/31/2003		02/05/2004	$	0.35	$	0.205360	$	0.144640
03/31/2004		05/06/2004		0.35		0.205360		0.144640
06/30/2004		08/05/2004		0.35		0.205360		0.144640
09/30/2004		10/31/2004		0.35		0.205360		0.144640
Totals			$	1.40	$	0.821440	$	0.578560

For 2004, CRT Properties paid total dividends of $2.125 per share to preferred shareholders which are characterized as follows:

			Total Dividend per		Taxable Ordinary
Record Date	Payment Date		Share		Dividend
03/01/2004		03/15/2004	$	0.53125	$	0.53125
06/01/2004		06/15/2004		0.53125		0.53125
09/01/2004		09/15/2004		0.53125		0.53125
12/01/2004		12/15/2004		0.53125		0.53125
Totals			$	2.12500	$	2.12500

Shareholders should consult with their tax advisor about specific tax treatment of CRT Properties’ 2004 dividends.

About CRT Properties, Inc., formerly known as Koger Equity, Inc.

CRT Properties, Inc. owns or has interests in 137 office buildings, containing 11.7 million rentable square feet, located in more than twenty five suburban and urban office projects in twelve metropolitan areas in the Southeastern United States, Texas and Maryland. For more information about CRT Properties, Inc., visit its website at http://www.crtproperties.com or contact Investor Relations, 225 NE Mizner Boulevard, Suite 200, Boca Raton, Florida 33432-3945.

CONTACT: CRT Properties, Inc.
Investor Relations
Thomas C. Brockwell, Executive Vice President
1-800-850-2037

Private Securities Litigation Reform Act of 1995. The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The forward-looking statements contained in this release, including those that refer to management’s plans and expectations for future operations, prospects and financial condition, are subject to certain risks and uncertainties. Actual results could differ materially from current expectations. The words “believe,” “expect,” “anticipate,” “intend,” “estimate” and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Reliance should not be placed on these statements because, by their nature, they are subject to known and unknown risks and can be affected by factors that are beyond the control of CRT Properties, Inc. Among the factors that could affect the Company’s actual results are changes in general economic conditions, including changes in the economic conditions affecting industries in which its principal tenants compete; its ability to timely lease or re-lease space at current or anticipated rents to creditworthy tenants; changes in interest rates; future demand for its debt and equity securities; and its ability to complete current and future development projects on schedule and on budget. A more detailed discussion of these and other factors is set forth in the “Risk Factors” section of the Company’s SEC reports and filings, including its Annual Report on Form 10-K for the year ended December 31, 2003. For forward-looking statements contained or incorporated by reference herein, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.