Colonial Properties Trust (NYSE: CLP), a real estate investment trust (REIT) announced today the income allocations of the company's 2011 dividend distributions on its common stock. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Colonial Properties Trust distributions. This release is based on the preliminary results of work on the Company's tax filings and is subject to correction or adjustment when the filings are completed. The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company's distributions. No material change in these classifications is expected.

Common Shares (CUSIP # 195872106)

             

Ex-Dividend
Date

 

Record
Date

 

Payable
Date

 

Distribution
per Share

 

Ordinary
Income

 

Return of
Capital

  Capital Gain  

Unrecaptured
Sec 1250 Gain

 
2/3/2011 2/7/2011 2/14/2011 $0.15 $0.07288890 $0.06506756 $0.00679034 $0.00525320
5/5/2011 5/9/2011 5/16/2011 $0.15 $0.07288890 $0.06506756 $0.00679034 $0.00525320
8/4/2011 8/8/2011 8/15/2011 $0.15 $0.07288890 $0.06506756 $0.00679034 $0.00525320
11/3/2011 11/7/2011 11/14/2011 $0.15   $0.07288890   $0.06506756   $0.00679034   $0.00525320
Totals $0.60   $0.29155560   $0.26027024   $0.02716136   $0.02101280

Colonial Properties Trust is a real estate investment trust (REIT) that creates value for its shareholders through a multifamily focused portfolio and the management and development of select commercial assets in the Sunbelt region of the United States. As of September 30, 2011, the company owned or managed 34,369 apartment units and 13.3 million square feet of commercial space. Headquartered in Birmingham, Alabama, Colonial Properties is listed on the New York Stock Exchange under the symbol CLP and is included in the S&P SmallCap 600 Index. For more information, please visit the company's website at www.colonialprop.com.

Safe Harbor Statement

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Estimates of future earnings are, by definition, and certain other statements in this press release, including statements regarding signs of improvement in multifamily fundamentals and the company's efforts to further simplify the business and strengthen the balance sheet, may constitute, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause the company's actual results, performance, achievements or transactions to be materially different from the results, performance, achievements or transactions expressed or implied by the forward looking statements. Factors that impact such forward looking statements include, among others, real estate conditions and markets, including recent deterioration in the multifamily market and the strength or duration of the current recession or recovery; increased exposure, as a multifamily focused REIT, to risks inherent in investments in a single industry; ability to obtain financing on reasonable rates, if at all; performance of affiliates or companies in which we have made investments; changes in operating costs; higher than expected construction costs; uncertainties associated with the timing and amount of real estate dispositions, including our existing inventory of condominium and for-sale residential assets; legislative or regulatory decisions; our ability to continue to maintain our status as a REIT for federal income tax purposes; price volatility, dislocations and liquidity disruptions in the financial markets and the resulting impact on availability of financing; the effect of any rating agency action on the cost and availability of new debt financings; level and volatility of interest rates or capital market conditions; effect of any terrorist activity or other heightened geopolitical crisis; or other factors affecting the real estate industry generally.

Except as otherwise required by the federal securities laws, the company assumes no responsibility to update the information in this press release.

Colonial Properties Trust
Jerry A. Brewer, Executive Vice President, Finance, 1-800-645-3917