Corporate Offices

Gables Residential Trust, 2859 Paces Ferry Road,
Suite 1450, Atlanta, Georgia 30339, (770) 436-4600.
Visit Gables Residential at our website: www.gables.com.
We can be reached at our E-mail address: corporate@gables.com

Independent Auditors

Arthur Andersen LLP Atlanta, Georgia

Corporate Counsel

Goodwin, Procter & Hoar LLP Boston, Massachusetts

Transfer Agent and Registrar

Fleet National Bank
c/o EquiServe
P.O. Box 8040
Boston, Massachusetts 02266-8040
(800) 730-6001
www.EquiServe.com

Stock Exchange Listing

New York Stock Exchange

Trading Symbol

GBP

Annual Meeting

The 2000 annual meeting of shareowners will be held at 9:00 a.m. local time, on May 16th at The Vinings Club located in the office building of Gables’ headquarters at 2859 Paces Ferry Road, Atlanta, Georgia 30339.

Form 10-K

A copy of Gables’ 10-K for the year ended December 31, 1999, including financial statement schedules, as filed with the Securities and Exchange Commission, can be accessed at our website, www.gables.com, or will be furnished without charge to shareowners upon written request to the Director of Investor Relations, Gables Residential Trust, 2859 Paces Ferry Road, Suite 1450, Atlanta, Georgia 30339.

Common Share Prices and Dividends Paid

The following table sets forth the high and low sales prices of Gables’ common shares for the periods indicated, as reported by the New York Stock Exchange, and the quarterly dividends per share.

On March 17, 2000, the last reported sale price of the common shares on the NYSE was $22.1875 per share.

As of March 17, 2000, there were approximately 575 shareowners of record. This number excludes individual shareowners holding stock under nominee security position listings. Gables had 24,541,719 common shares outstanding as of March 17, 2000.

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