Prentiss Properties Trust Schedules Fourth Quarter 2004 Earnings Relea

    Business Editors/Real Estate Writers

    DALLAS--(BUSINESS WIRE)--Jan. 7, 2005--Prentiss Properties Trust (NYSE:PP) announced today that it will hold its fourth quarter 2004 earnings conference call on Wednesday February 2, 2005. The conference call will begin at 10:00 am central time and will last for approximately one hour. Please call 303-262-2137 at least five minutes prior to the call to participate. A news release outlining the fourth quarter's financial results will be distributed after the close of the market on Tuesday, February 1, 2005. The Company's fourth quarter 2004 Supplemental Operating and Financial Data will be available on its website at http://www.prentissproperties.com on Wednesday February 2, 2005 prior to the conference call. A replay of the conference call will be available via phone through February 9th at 303-590-3000, passcode #11021146.
    Investors have the opportunity to listen to the conference call live on the Internet at http://www.prentissproperties.com. Investors should go to the Company's website 15 minutes prior to the start of the call. It may be necessary to download audio software to hear the conference call. To do so investors should click on the Real Player icon and follow directions from there. A replay of the webcast will be available on the Company's website.

    About Prentiss Properties Trust

    Prentiss Properties Trust is a self-administered and self-managed real estate investment trust ("REIT"). It owns interests in 130 operating properties with approximately 17.9 million square feet -- 15.7 million of office properties and 2.2 million of industrial properties. The Company also has a 158,000 square foot development project in construction at this time. The Company, through various management subsidiaries, manages approximately 29.2 million square feet of office and industrial properties owned by Prentiss, its affiliates and third parties.
    With its headquarters in Dallas, Prentiss Properties focuses on the ownership of office properties in Metropolitan Washington D.C., Chicago, Dallas, Austin, Northern California and Southern California. It is a full service real estate company with in-house expertise in areas such as acquisitions, development, facilities management, property management and leasing.
    Statements may be made during the conference call that are not historical facts and which are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. Such statements may use words such as "anticipate," "believe," "estimate," "expect," "intent," "predict," "project" and similar expressions as they relate to Prentiss Properties Trust or our management. When we make forward-looking statements, we are basing them on our management's beliefs and assumptions, using information currently available to us. Although we believe that the expectations reflected in the forward-looking statements are reasonable, these forward-looking statements are subject to risks, uncertainties and assumptions including the risks discussed in our filings with the Securities and Exchange Commission. If one or more of these risks materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward-looking statements made during the conference call reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We have no current intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

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CONTACT: Prentiss Properties Trust, Dallas Thomas F. August, 214-654-0886

KEYWORD: TEXAS INDUSTRY KEYWORD: REAL ESTATE BUILDING/CONSTRUCTION BANKING EARNINGS CONFERENCE CALLS SOURCE: Prentiss Properties Trust

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