New Plan Excel Realty Trust Comments on Possible Australian Opportunities

New Plan Excel Realty Trust Comments on Possible Australian
Opportunities 


NEW YORK, April 14  /PRNewswire-FirstCall/ -- New Plan Excel Realty Trust, Inc.
(NYSE:NXL) today confirmed that it is exploring possible opportunities in
Australia involving certain of New Plan's community and neighborhood shopping
centers.  No agreement regarding any transaction has been reached and there is
no assurance that any transaction will be consummated.  The Company intends to
comment further on or respond to questions regarding a possible transaction
only if and when a definitive agreement is entered into and an announcement is
made.

New Plan Excel Realty Trust, Inc. is one of the nation's largest real estate
companies, focusing on the ownership and management of community and
neighborhood shopping centers.  The Company operates as a self-administered and
self-managed REIT, with a national portfolio of 404 properties, including 26
properties held through joint ventures, and total assets of approximately $3.8
billion.  Its properties are strategically located across 35 states and include
384 community and neighborhood shopping centers, primarily grocery or
name-brand discount chain anchored, with approximately 56.0 million square feet
of gross leasable area, and 20 related retail real estate assets, with
approximately 1.8 million square feet of gross leasable area.  For additional
information, please visit http://www.newplan.com/

Certain statements in this release that are not historical fact may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause the actual
results of the Company to differ materially from historical results or from any
results expressed or implied by such forward-looking statements, including
without limitation: national and local economic, business, real estate and
other market conditions; the competitive environment in which the Company
operates; financing risks; possible future downgrades in our credit ratings;
property ownership / management risks; the level and volatility of interest
rates and changes in capitalization rates with respect to the acquisition and
disposition of properties; financial stability of tenants; the Company's
ability to maintain its status as a REIT for federal income tax purposes;
acquisition, disposition, development and joint venture risks, including risks
that developments and redevelopments are not completed on time or on budget and
strategies, actions and performance of affiliates that the Company may not
control; potential environmental and other liabilities; and other factors
affecting the real estate industry generally. The Company refers you to the
documents filed by the Company from time to time with the Securities and
Exchange Commission, specifically the section titled "Business-Risk Factors" in
the Company's Annual Report on Form 10-K for the year ended December 31, 2004,
which discuss these and other factors that could adversely affect the Company's
results. 

DATASOURCE: New Plan Excel Realty Trust



CONTACT:  Stacy Slater, Senior Vice President, Corporate Communications,

New Plan Excel Realty Trust, Inc., [phone], 



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

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