KTR Keystone Prop Tr

Keystone Property Trust Announces Quarterly Dividend and Announces Plans for Fourth Quarter and Year End 2003 Earnings Results WEST CONSHOHOCKEN, Pa., Jan. 6 /PRNewswire-FirstCall/ -- Keystone Property Trust today announced that its Board of Trustees has declared a dividend of $0.33 per common share payable on January 30, 2004 to shareholders of record as of January 16, 2004. The dividend represents an annualized rate of $1.32 per share. The Board of Trustees has also declared a dividend of $0.5703125 per share of Series D Cumulative Redeemable Preferred Stock (NYSE:KTRPrD) payable on January 30, 2004 to shareholders of record as of January 16, 2004. This dividend represents an annualized rate of $2.28125 per preferred share. In addition, Keystone today announced details for the release of its results for the quarter and year ended December 31, 2003. The Company plans to issue its fourth quarter and full-year release after the market closes on Tuesday, January 27, 2004, and have a follow-up conference call at 11:00 a.m. Eastern Time on Wednesday, January 28, 2004. The toll-free call-in number is 1-800-289-0437, confirmation code 371528. Callers are encouraged to dial in five to ten minutes prior to the start time to ensure that they participate from the beginning of the call. A replay of the conference call will be available starting at 2:00 p.m. on that day through February 11, 2004 until 8:00 p.m. Eastern Time. The telephone number for the replay is 1-719-457- 0820, confirmation code 371528. Additional information about Keystone's quarterly results can be found in the supplemental information package, which will be posted to the Company's website on January 27, 2004 in the Financial Reports section under Investor Relations. Interested followers are encouraged to join a webcast of the call which can be accessed through the Company website at http://www.keystoneproperty.com/ under Investor Relations. Listeners are encouraged to log-on five to ten minutes prior to start time to ensure participation from the beginning. Followers unable to participate in the live webcast can access the archive on the website under Investor Relations. Keystone Property Trust, with headquarters in West Conshohocken, Pennsylvania, is a fully integrated real estate investment trust with a current portfolio of 141 properties, including properties under development, aggregating 33 million square feet in the Eastern half of the United States. For more information, contact Aleathia M. Hoster at (212) 527-9900, send email to or visit the Company website at http://www.keystoneproperty.com/. This press release may contain statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the intent, belief or current expectations of the Company, its trustees, or its officers with respect to the future operating performance of the Company and the result and the effect of legal proceedings. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Important factors that could cause such differences are described in the Company's periodic filings with the Securities and Exchange Commission, including the Company's Form 10-K and quarterly reports on Form 10-Q. DATASOURCE: Keystone Property Trust CONTACT: Aleathia M. Hoster, Keystone Property Trust, +1-212-527-9900; or MEDIA CONTACT: Michael Beckerman, +1-908-781-6420 email: , for Keystone Property Trust Web site: http://www.keystoneproperty.com/

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