Colonial Properties Trust Announces Quarterly Dividend of $0.63 Per Share

Apr 24, 2001, 01:00 ET from Colonial Properties Trust

    BIRMINGHAM, Ala., April 24 /PRNewswire Interactive News Release/ --
 Colonial Properties Trust (NYSE:   CLP), announced today its Board of Trustees
 has approved a dividend of $0.63 per common share, payable May 11, 2001 to
 shareholders of record as of May 4, 2001, representing an ex-dividend date of
 May 2, 2001.  This dividend is consistent with the dividend paid by Colonial
 Properties during the first quarter of 2001 and represents an annualized
 dividend of $2.52 per share.  With this dividend Colonial Properties continues
 its steady quarterly dividends, which have increased annually since the
 Company's initial public offering (IPO) in September 1993.
     Headquartered in Birmingham, Ala., Colonial Properties Trust is a
 diversified REIT that, through its subsidiaries, owns a portfolio of 115
 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 one of the
 largest diversified REITs in the United States with a total market
 capitalization of $2.3 billion. The cornerstone of Colonial Properties'
 success is its live, work and shop diversified investment strategy.  The
 Company operates more than 17,000 apartment units, 3.2 million square feet of
 office space and 15.3 million square feet of retail shopping space.
 Additional information on Colonial Properties Trust is available on the
 Internet at www.colonialprop.com .
 
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                http://tbutton.prnewswire.com/prn/11690X64654304
 
 

SOURCE Colonial Properties Trust
    BIRMINGHAM, Ala., April 24 /PRNewswire Interactive News Release/ --
 Colonial Properties Trust (NYSE:   CLP), announced today its Board of Trustees
 has approved a dividend of $0.63 per common share, payable May 11, 2001 to
 shareholders of record as of May 4, 2001, representing an ex-dividend date of
 May 2, 2001.  This dividend is consistent with the dividend paid by Colonial
 Properties during the first quarter of 2001 and represents an annualized
 dividend of $2.52 per share.  With this dividend Colonial Properties continues
 its steady quarterly dividends, which have increased annually since the
 Company's initial public offering (IPO) in September 1993.
     Headquartered in Birmingham, Ala., Colonial Properties Trust is a
 diversified REIT that, through its subsidiaries, owns a portfolio of 115
 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 one of the
 largest diversified REITs in the United States with a total market
 capitalization of $2.3 billion. The cornerstone of Colonial Properties'
 success is its live, work and shop diversified investment strategy.  The
 Company operates more than 17,000 apartment units, 3.2 million square feet of
 office space and 15.3 million square feet of retail shopping space.
 Additional information on Colonial Properties Trust is available on the
 Internet at www.colonialprop.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X64654304
 
 SOURCE  Colonial Properties Trust