NEWPORT BEACH, Calif., June 10 /PRNewswire/ -- The Board of Directors of
Pacific Gulf Properties Inc. (NYSE: PAG) has declared a regular dividend of
$0.43 per share.  The dividend is payable July 9, 1999, to shareholders of
record on July 1, 1999.
    Pacific Gulf Properties is a real estate investment trust that owns,
develops and manages a growing portfolio of industrial properties targeting
small to mid-size tenants in selected high-growth western markets.  The
company's industrial portfolio includes 73 properties encompassing more than
15.5 million square feet of space.  Pacific Gulf also maintains a smaller
multifamily portfolio that includes eight rental communities comprising almost
1,500 units designed for the burgeoning population of active seniors age 55
and older.  The company is headquartered in Newport Beach, California.
    Forward-looking statements and comments in this press release are made
pursuant to the safe harbor provisions of Section 21E of the Securities
Exchange Act of 1934.  Such statements relating to, among other things,
events, conditions, prospects and financial trends that may affect the
company's future plans of operations, business strategy, growth of operations
and financial position are not guarantees of future performance and are
necessarily subject to risks and uncertainties, some of which are significant
in scope and nature, including without limitation, increased competition,
adverse economic trends, increasing interest rates and other factors.  Please
refer to documents the company files from time to time with the Securities and
Exchange Commission, specifically the company's last Form 10-K filed in March
1999, Form 10-Q, filed in November 1998, and Form 8-K filed in January 1999.
These documents contain and identify important factors that could cause the
actual results to differ materially from those contained in any projections or
forward-looking statements contained in this press release.

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