Excel Trust Announces Tax Treatment of 2013 Dividend Distributions

SAN DIEGO, CA--(Marketwired - Jan 28, 2014) - Excel Trust, Inc. (NYSE: EXL), a retail focused real estate investment trust (REIT), announced today the tax treatment of its 2013 dividend distributions.

The company's total dividend distributions per share of common stock (CUSIP #30068C109) are to be classified for income tax purposes as follows:

Security Description		Record Date		Payable Date		Total Distribution Per Share		2013 Taxable Ordinary Dividend		2013 Total Capital Gain Distribution		2013 Unrecaptured Section 1250 Gain		2013 Return of Capital
Common Stock		12/31/2012		1/15/2013		$0.1625		$0.094905		$0.004749		$0.000969		$0.067595
Common Stock		3/29/2013		4/15/2013		$0.1700		$0.099285		$0.004968		$0.001014		$0.070715
Common Stock		6/28/2013		7/15/2013		$0.1700		$0.099285		$0.004968		$0.001014		$0.070715
Common Stock		9/30/2013		10/15/2013		$0.1700		$0.099285		$0.004968		$0.001014		$0.070715

Distributions per share of Series A Cumulative Convertible Perpetual Preferred Stock (CUSIP#30068C208) are to be classified for income tax purposes as follows:

Security Description		Record Date		Payable Date		Total Distribution Per Share		2013 Taxable Ordinary Dividend		2013 Total Capital Gain Distribution		2013 Unrecaptured Section 1250 Gain		2013 Return of Capital
Series A Preferred		12/31/2012		1/15/2013		$0.4375		$0.4375		$0.021891		$0.004469		-
Series A Preferred		3/29/2013		4/15/2013		$0.4375		$0.4375		$0.021891		$0.004469		-
Series A Preferred		6/28/2013		7/15/2013		$0.4375		$0.4375		$0.021891		$0.004469		-
Series A Preferred		9/30/2013		10/15/2013		$0.4375		$0.4375		$0.021891		$0.004469		-

Distributions per share of Series B Cumulative Redeemable Preferred Stock (CUSIP#30068C307) are to be classified for income tax purposes as follows:

Security Description		Record Date		Payable Date		Total Distribution Per Share		2013 Taxable Ordinary Dividend		2013 Total Capital Gain Distribution		2013 Unrecaptured Section 1250 Gain		2013 Return of Capital
Series B Preferred		12/31/2012		1/15/2013		$0.5078		$0.5078		$0.025408		$0.005187		-
Series B Preferred		3/29/2013		4/15/2013		$0.5078		$0.5078		$0.025408		$0.005187		-
Series B Preferred		6/28/2013		7/15/2013		$0.5078		$0.5078		$0.025408		$0.005187		-
Series B Preferred		9/30/2013		10/15/2013		$0.5078		$0.5078		$0.025408		$0.005187		-

Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Excel Trust's distributions.

About Excel Trust

Excel Trust, Inc. is a retail focused REIT that targets community and power centers, grocery anchored neighborhood centers and freestanding retail properties. The Company has elected to be treated as a REIT, for U.S. federal income tax purposes. Excel Trust trades publicly on the NYSE under the symbol "EXL". For more information on Excel Trust, Inc., please visit www.exceltrust.com.