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Excel Trust Declares First Quarterly Dividend

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^{Published in Business and Finance on Monday, September 13th 2010 at 5:11 GMT by Market Wire}  

SAN DIEGO--([ BUSINESS WIRE ])--Excel Trust, Inc. (NYSE:EXL), a retail focused real estate investment trust (REIT), announced today that its Board of Directors has approved a quarterly cash dividend of $.08 per share, which will be paid on October 15^th, 2010 to shareholders of record as of September 30^th, 2010.

Gary Sabin, CEO of Excel Trust noted, aWe are pleased to be able to pay our first dividend to shareholders. Several properties were acquired during the quarter, resulting in partial revenues and thus a modest dividend. We expect the dividend to increase as we realize a full quarter of operating income from properties in our current portfolio and execute on properties in our pipeline.a

About Excel Trust, Inc.

Excel Trust, Inc. is a retail focused REIT that targets community and power centers, grocery anchored neighborhood centers and freestanding retail properties. The Company intends to be treated as a REIT, for U.S. federal income tax purposes, commencing with the taxable year ending December 31, 2010. Excel Trust trades publicly on the NYSE under the symbol "EXL". For more information on Excel Trust, Inc., please visit [ http://www.exceltrust.com ].

Forward-looking Statements

This press release contains forward-looking statements that are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks include, without limitation: adverse economic or real estate developments in the retail industry or the markets in which Excel Trust operates; defaults on or non-renewal of leases by tenants; increased interest rates and operating costs; decreased rental rates or increased vacancy rates; Excel Trust's failure to obtain necessary outside financing on favorable terms or at all; changes in the availability of additional acquisition opportunities; Excel Trust's inability to successfully complete real estate acquisitions or successfully operate acquired properties and Excel Trust's failure to qualify or maintain its status as a REIT. For a further list and description of such risks and uncertainties that could impact Excel Trust's future results, performance or transactions, see the reports filed by Excel Trust with the Securities and Exchange Commission, including its final prospectus relating to its initial public offering and quarterly reports on Form 10-Q. Excel Trust disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.