Roberts Realty Investors, Inc. Increases Stock Repurchase Program To 300,000 Shares

Roberts Realty Investors, Inc. announces that its Board of Directors has amended its stock repurchase program to authorize the company to repurchase up to 300,000 shares of its outstanding common stock. The company may repurchase shares from time to time by means of open market purchases and in solicited and unsolicited privately negotiated transactions, depending on availability, the company’s cash position and price.

Charles S. Roberts, President and Chief Executive Officer, stated that “The amendment to increase our stock repurchase program to 300,000 shares reflects the Board’s belief that at current market prices, the company’s stock represents an excellent investment.”

Until the amendment to the stock repurchase plan described above, the company had remaining authority to repurchase 37,412 shares of its outstanding common stock under the company’s stock repurchase plan, which was originally adopted in 1998.

Roberts Realty Investors, Inc. is a self-administered, self-managed equity real estate investment trust based in Atlanta.