Excel Trust Announces Tax Treatment of 2014 Dividend Distributions

SAN DIEGO, CA--(Marketwired - Jan 20, 2015) - Excel Trust, Inc. (NYSE: EXL), a retail focused real estate investment trust (REIT), announced today the tax treatment of its 2014 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		2014 Taxable Ordinary Dividend		2014 Total Capital Gain Distribution		2014 Unrecaptured Section 1250 Gain		2014 Return of Capital
Common Stock		12/31/2013	1/15/2014		$0.175000		$0.095185		$0.025687		$0.003779		$0.054128
Common Stock		3/31/2014	4/15/2014		$0.175000		$0.095185		$0.025687		$0.003779		$0.054128
Common Stock		6/30/2014	7/15/2014		$0.175000		$0.095185		$0.025687		$0.003779		$0.054128
Common Stock		9/30/2014	10/15/2014		$0.175000		$0.095185		$0.025687		$0.003779		$0.054128

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		2014 Taxable Ordinary Dividend		2014 Total Capital Gain Distribution		2014 Unrecaptured Section 1250 Gain		2014 Return of Capital
Series A Preferred		12/31/2013		1/15/2014		$0.437500		$0.344524		$0.092976		$0.013680		-
Series A Preferred		3/31/2014		4/15/2014		$0.437500		$0.344524		$0.092976		$0.013680		-
Series A Preferred		6/30/2014		7/15/2014		$0.437500		$0.344524		$0.092976		$0.013680		-
Series A Preferred		9/30/2014		10/15/2014		$0.437500		$0.344524		$0.092976		$0.013680		-

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		2014 Taxable Ordinary Dividend		2014 Total Capital Gain Distribution		2014 Unrecaptured Section 1250 Gain		2014 Return of Capital
Series B Preferred		12/31/2013		1/15/2014		$0.507800		$0.399884		$0.107916		$0.015878		-
Series B Preferred		3/31/2014		4/15/2014		$0.507800		$0.399884		$0.107916		$0.015878		-
Series B Preferred		6/30/2014		7/15/2014		$0.507800		$0.399884		$0.107916		$0.015878		-
Series B Preferred		9/30/2014		10/15/2014		$0.507800		$0.399884		$0.107916		$0.015878		-

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 real estate investment trust (REIT) that primarily targets community shopping centers, power shopping centers, and grocery anchored neighborhood centers. 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, please visit www.exceltrust.com.