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): November 20, 2000
ARDEN REALTY, INC.
Maryland 1-12193 95-04578533
-------- ------- -----------
(State of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
11601 Wilshire Boulevard, Fourth Floor, Los Angeles, California 90025
---------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(310) 966-2600
--------------
(Registrant's telephone number, including area code)
<PAGE>
ITEM 9. REGULATION FD DISCLOSURE.
On November 20, 2000, our operating partnership, Arden Realty Limited
Partnership, successfully placed $100 million of 8.5% senior unsecured notes due
November 2010. This transaction is more fully described on the attached Exhibit
99.1. As of November 20, 2000, ten research analysts had provided earnings
estimates on Arden Realty, Inc. to First Call, a widely-referenced source of
consensus earnings. Current estimates of Arden's per share funds from
operations, according to First Call, average $0.73 per share for the fourth
quarter 2000, and $3.02 per share for 2001. Given our current expectations, and
considering this debt transaction, Arden is comfortable with these estimates at
this time. We disclaim any intention or obligation to update or revise this
information.
SIGNATURE
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
signed hereunto duly authorized.
Dated: November 20, 2000
Arden Realty, Inc.
By: /s/ DANIEL S. BOTHE
-------------------------------
Daniel S. Bothe
Senior Vice President and
Co-Chief Financial Officer
/s/ RICHARD S. DAVIS
-------------------------------
Richard S. Davis
Senior Vice President,
Co-Chief Financial Officer and
Treasurer
-2-
<PAGE>
EXHIBIT INDEX
99.1 Text of Press Release, dated November 20, 2000.
-3-
