Crown American Realty Trust Announces Web Cast On First Quarter Earnings

Apr 17, 2001, 01:00 ET from Crown American Realty Trust

    JOHNSTOWN, Pa., April 17 /PRNewswire/ -- Crown American Realty Trust
 (NYSE:   CWN), a real estate investment trust, announced that its first quarter
 earnings will be released on Monday, April 23 at approximately 2:00 pm EDT.  A
 conference call, hosted by Crown American's Chairman, CEO and President, Mark
 E. Pasquerilla, will take place at 4:15 pm that same day.  The Conference call
 will be broadcast live on the Internet at the Company's web site:
 www.crownamerican.com.
     To listen to the web cast, participants should log onto
 www.crownamerican.com and click onto the Financial Information section.  It is
 suggested that participants log onto the web site fifteen minutes prior to the
 conference call in order to download the appropriate audio software that may
 be necessary to hear the call.  A complete transcript of the call will also be
 available on the web site within 48 hours.
 
     Crown American Realty Trust is an equity real estate investment trust
 (REIT) that, through various affiliates and subsidiaries owns, acquires,
 operates and develops regional shopping malls in Pennsylvania, Maryland, West
 Virginia, Virginia, New Jersey, North Carolina, Tennessee and Georgia.  The
 current portfolio includes 27 enclosed regional malls aggregating 16 million
 square feet of gross leasable area.  Crown American is listed on the New York
 Stock Exchange under the symbol CWN and is headquartered in Johnstown,
 Pennsylvania.  The Company's corporate web site can be found at
 www.crownamerican.com.
 
     This news release contains certain forward-looking statements within the
 meaning of Section 27A of the Securities Act of 1933, as amended, and Section
 21E of the Securities Exchange Act of 1934, as amended.  Such statements are
 based on assumptions and expectations, which may not be realized and are
 inherently subject to risks and uncertainties, many of which cannot be
 predicted with accuracy.  Future events and actual results, financial and
 otherwise, may differ from the results discussed in the forward-looking
 statements.  Risk and other factors that might cause differences, some of
 which could be material, include, but are not limited to, economic and credit
 market conditions, the ability to refinance maturing indebtedness, the impact
 of competition, consumer buying trends, financing and development risks,
 construction and lease-up delays, cost overruns, the level and volatility of
 interest rates, the rate of revenue increases versus expense increases and
 financial stability of tenants within the retail industry, as well as other
 risks listed from time to time in the Company's reports filed with the
 Securities and Exchange Commission or otherwise publicly disseminated by the
 Company.
 
 

SOURCE Crown American Realty Trust
    JOHNSTOWN, Pa., April 17 /PRNewswire/ -- Crown American Realty Trust
 (NYSE:   CWN), a real estate investment trust, announced that its first quarter
 earnings will be released on Monday, April 23 at approximately 2:00 pm EDT.  A
 conference call, hosted by Crown American's Chairman, CEO and President, Mark
 E. Pasquerilla, will take place at 4:15 pm that same day.  The Conference call
 will be broadcast live on the Internet at the Company's web site:
 www.crownamerican.com.
     To listen to the web cast, participants should log onto
 www.crownamerican.com and click onto the Financial Information section.  It is
 suggested that participants log onto the web site fifteen minutes prior to the
 conference call in order to download the appropriate audio software that may
 be necessary to hear the call.  A complete transcript of the call will also be
 available on the web site within 48 hours.
 
     Crown American Realty Trust is an equity real estate investment trust
 (REIT) that, through various affiliates and subsidiaries owns, acquires,
 operates and develops regional shopping malls in Pennsylvania, Maryland, West
 Virginia, Virginia, New Jersey, North Carolina, Tennessee and Georgia.  The
 current portfolio includes 27 enclosed regional malls aggregating 16 million
 square feet of gross leasable area.  Crown American is listed on the New York
 Stock Exchange under the symbol CWN and is headquartered in Johnstown,
 Pennsylvania.  The Company's corporate web site can be found at
 www.crownamerican.com.
 
     This news release contains certain forward-looking statements within the
 meaning of Section 27A of the Securities Act of 1933, as amended, and Section
 21E of the Securities Exchange Act of 1934, as amended.  Such statements are
 based on assumptions and expectations, which may not be realized and are
 inherently subject to risks and uncertainties, many of which cannot be
 predicted with accuracy.  Future events and actual results, financial and
 otherwise, may differ from the results discussed in the forward-looking
 statements.  Risk and other factors that might cause differences, some of
 which could be material, include, but are not limited to, economic and credit
 market conditions, the ability to refinance maturing indebtedness, the impact
 of competition, consumer buying trends, financing and development risks,
 construction and lease-up delays, cost overruns, the level and volatility of
 interest rates, the rate of revenue increases versus expense increases and
 financial stability of tenants within the retail industry, as well as other
 risks listed from time to time in the Company's reports filed with the
 Securities and Exchange Commission or otherwise publicly disseminated by the
 Company.
 
 SOURCE  Crown American Realty Trust