Catellus to Host First Quarter Earnings Conference Call on April 30, 2004

Catellus to Host First Quarter Earnings Conference Call on April
30, 2004 


SAN FRANCISCO, April 7  /PRNewswire-FirstCall/ -- Catellus Development
Corporation  will host a conference call on Friday, April 30, at 9:00 a.m.
Pacific Time (10:00 a.m. Mountain, 11:00 a.m. Central, and Noon Eastern) to
discuss the first quarter results.

Catellus will release financial results for the first quarter of 2004 on
Thursday, April 29, 2004, after the close of the day's trading on the New York
Stock Exchange.

To participate in the conference call, dial 800-901-5241 (domestic) or
617-786-2963 (international) and enter access code 50265470 prior to the
beginning of the call.  Access the live webcast of the conference call from the
Investor Relations section of Catellus' website at http://www.catellus.com/. 
You may also access the live webcast through http://www.streetevents.com/.

The telephonic replay will be available through May 14, 2004, at 888-286-8010
(domestic) or 617-801-6888 (international) with the access code 54971122.  The
webcast replay will be available through April 30, 2005, from the Investor
Relations section of Catellus' website at http://www.catellus.com/ or at
http://www.streetevents.com/.

Catellus Development Corporation is a publicly traded real estate development
company that began operating as a real estate investment trust effective January
1, 2004.  The company owns and operates approximately 38.2 million square feet
of predominately industrial property in many of the country's major distribution
centers and transportation corridors.  Catellus' principal objective is
sustainable, long-term growth in earnings, which it seeks to achieve by applying
its strategic resources:  a lower-risk/higher- return rental portfolio, a focus
on expanding that portfolio through development, and the deployment of its
proven land development skills to select opportunities where it can generate
profits to recycle back into its business.  More information on the company is
available at http://www.catellus.com/

  Contact:
   Derek Fritz
   Investor Relations
   415-974-3781


DATASOURCE: Catellus Development Corporation



CONTACT:  Derek Fritz, Investor Relations of Catellus Development

Corporation, [phone]



Web site:  http://www.catellus.com/ 

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