Catellus to Host Second Quarter Earnings Conference Call on July 30, 2004

Catellus to Host Second Quarter Earnings Conference Call on July
30, 2004 


SAN FRANCISCO, July 1  /PRNewswire-FirstCall/ -- Catellus Development
Corporation (NYSE:CDX) will host a conference call on Friday, July 30, at 9:00
AM Pacific Time (10:00 AM Mountain, 11:00 AM Central, and Noon Eastern) to
discuss second quarter results.

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

To participate in the conference call, dial 888-482-0024 (domestic) or
617-801-9702 (international) and enter access code 79124278 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 August 14, 2004, at
888-286-8010 (domestic) or 617-801-6888 (international) with the access code
33337624.  The webcast replay will be available through July 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 40.0 million
square feet of predominantly 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
   [phone]


DATASOURCE: Catellus Development Corporation



CONTACT:  Derek Fritz, Investor Relations of Catellus Development

Corporation, [phone]



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

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