Colonial Properties Trust Hosts Third Quarter 2005 Conference Call on October 27.

BIRMINGHAM, Ala. -- Colonial Properties Trust (NYSE: CLP), a diversified real estate investment trust, today announced that its third quarter 2005 earnings will be released before the market opens on Thursday, Oct. 27.

The company will host a teleconference highlighting its earnings results and third quarter 2005 activities at 1 p.m. Central Time, Thursday, Oct. 27. Colonial Properties Trust executives will lead the call and will answer questions. To participate in the conference call, please dial in to the following:

Teleconference #: 1-877-500-9123

International #: 1-706-643-7652

Date: Thursday Oct. 27, 2005

Time: 1:00 p.m. Central Time (2:00 p.m. Eastern Time)

Leader Name: Barbara Pooley

The teleconference is not expected to exceed one hour. Access the listen-only call via the Internet at www.colonialprop.com under Investor Relations: "Shareholder Information." A recording of the call will be available for seven months after the live event. To access the recording from the United States, please dial 1-800-642-1687 and enter Conference ID 9384297. For international access to the recording, please dial 1-706-645-9291 and enter Conference ID 9384297. Additionally, a recording of the call will be available on the Internet at www.colonialprop.com under "Investor Relations: Shareholder Information."

Colonial Properties Trust, through its subsidiaries, owns a portfolio of multifamily, office and retail properties where you live, work and shop in the Sunbelt. Colonial Properties Trust performs development, acquisition, management, leasing and brokerage services for its portfolio and properties owned by third parties. The company has a total market capitalization of approximately $5.5 billion. As of July 28, the company owned or managed 47,700 apartment units, 8.3 million square feet of office space and 13.5 million square feet of retail shopping space. Headquartered in Birmingham, Ala., Colonial Properties is listed on the New York Stock Exchange under the symbol CLP and is included in the S&P SmallCap 600 Index. For more information, visit www.colonialprop.com.