BIRMINGHAM, Ala., Oct. 19 /PRNewswire-FirstCall/ -- Colonial Properties
Trust (NYSE: CLP), announced today its Board of Trustees has approved a
dividend of $0.67 per common share, payable on November 5, 2004 to
shareholders of record as of October 29, 2004, representing an ex-dividend
date of October 27, 2004. This dividend represents an annualized dividend of
$2.68 per share.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030709/CLPLOGO-c )
Company Summary
Colonial Properties Trust is a diversified REIT that, through its
subsidiaries, owns a portfolio of multifamily, office and retail properties
where you live, work and shop in Alabama, Florida, Georgia, Mississippi, North
Carolina, South Carolina, Tennessee, Texas and Virginia. Colonial Properties
Trust performs development, acquisition, management, leasing and brokerage
services for its portfolio and properties owned by third parties. Colonial
Properties Trust is a diversified REIT, which has a total market
capitalization of $3.5 billion. The cornerstone of Colonial Properties'
success is its live, work and shop diversified investment strategy. The
Company manages or leases 23,786 apartment units, 6.6 million square feet of
office space and 16.7 million square feet of retail shopping space.
Additional information on Colonial Properties Trust is available on the
Internet at http://www.colonialprop.com . The Company, headquartered in
Birmingham, Ala., is listed on the New York Stock Exchange under the symbol
"CLP" and is included in the S&P SmallCap 600 Index.
SOURCE Colonial Properties Trust
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Related links:
http://www.colonialprop.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20030709/CLPLOGO-c
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Weston M. Andress, CFO-CIO of Colonial
Properties Trust, +1-704-376-3391
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