Webcast Alert: Pan Pacific Retail Properties Inc. Announces Its First Quarter FY 2006 Earnings Conference Call Webcast

Pan Pacific Retail Properties Inc. (NYSE:PNP) 
announces the following Webcast:

   What: Pan Pacific Retail Properties Inc. First Quarter FY 2006
Earnings Conference Call Webcast

   When: April 27, 2006 @ 12:00 PM Eastern

   Where: http://www.investorcalendar.com/EventPage.asp?ID=102519

   How: Live over the Internet -- Simply log on to the web at the
address above.

   Contact: Carol Merriman, [phone] or [e-mail]

   If you are unable to participate during the live webcast, the call
will be available for replay at
http://www.investorcalendar.com/ClientPage.asp?ID=102519 or
http://www.investorcalendar.com/
   Pan Pacific Retail Properties, Inc. is an equity real estate
investment trust (REIT) traded on the New York Stock Exchange under
the symbol PNP. The Company is the largest neighborhood shopping
center REIT focused exclusively on the West Coast. Pan Pacific's
portfolio currently totals 139 properties, encompassing approximately
22.7 million square feet of retail space. The portfolio is principally
diversified across five distinct regions in the Western United States:
Northern California, Southern California, Washington, Oregon and
Nevada.
   Pan Pacific focuses on creating long-term stakeholder value by
specializing in the acquisition, ownership and management of community
and neighborhood shopping centers for everyday essentials. The
Company's strategy is aimed at providing stakeholders with long-term
stable cash flow through maintaining a diverse portfolio and tenant
base, balanced with consistent growth through implementing its
acquisition and property management programs.
   Pan Pacific is headquartered in Vista (San Diego), California, and
has regional offices located in Sacramento, California; Kent,
Washington; Portland, Oregon; and Las Vegas, Nevada.
   Additional information on Pan Pacific is available on the
Company's web site at www.pprp.com.