Colonial Properties Trust

6/10/2004


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Table of Contents

Colonial Properties Trust

Forward Looking Statements

Colonial Properties Trust

Colonial Properties Trust Star Strategy

Consistent Long-Term Performance

Returns CLP vs. Indices

Net Operating Income Where You Live, Work & Shop

Multifamily Portfolio Where You Live

Office Portfolio Where You Work

Retail Portfolio Where You Shop

Tenant Concentration

Mixed-Use Division Multiple Use Developments Where You Live, Work & Shop

Sunbelt Focus Market Diversification

Demographic Drivers

Investment Strategy

Investment Strategy: Dispositions

Investment Strategy: Acquisitions

Investment Strategy: Development

Financial Overview

Access to Capital

Debt Maturity Schedule

Consistent Long-Term Performance

Author: Authorized User