The Wall Street Transcript

8/20/2003


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Table of Contents

The Wall Street Transcript

Forward Looking Statements

Colonial Properties Trust Star Strategy

Consistent Long-Term Performance

Returns CLP vs. Indices

Sunbelt Focus Market Diversification

PPT Slide

Net Operating Income Where You Live, Work & Shop

Current Environment

Job Growth

Interest Rates

Multifamily Portfolio Where You Live

Office Portfolio Where You Work

Retail Portfolio Where You Shop

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

Recent Balance Sheet Management

Financial Overview

Debt Maturity Schedule

Investment Strategy: Dispositions

Investment Strategy: Acquisitions

Investment Strategy: Development

Current Development Pipeline

Current Investment Funding

Consistent Long-Term Performance

Colonial Properties Trust

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