Arden Realty, Inc. Announces First Quarter 2003 Dividend.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--March 11, 2003

Arden Realty, Inc. (NYSE:ARI) today announced that its Board of Directors has declared its regular first quarter 2003 dividend of $0.505 per common share.

The dividend will be paid on April 23, 2003, to shareholders of record of common stock at the close of business on March 31, 2003. This dividend is equivalent to an annualized dividend of $2.02 per common share.

Arden Realty, Inc. is a self-administered, self-managed REIT that owns, manages, leases, develops, renovates and acquires commercial office properties located in Southern California. Arden is the largest publicly-traded office landlord in Southern California, with 137 properties, consisting of 223 buildings and approximately 19.4 million net rentable square feet of office space, including one property with 283,000 square feet under lease-up. For more information on the company, visit the Arden website at www.ardenrealty.com.

Statements in this news release that are not historical may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the company's expectations include the availability and cost of capital for future investments, competition within the industry, real estate and economic conditions, and other risks detailed from time to time in the company's Securities and Exchange Commission filings.