Cogdell Spencer Inc. Declares Preferred Quarterly Dividend

CHARLOTTE, N.C., Feb. 2, 2012 /PRNewswire/ -- Cogdell Spencer Inc. (NYSE: CSA) announced its Board of Directors declared a cash dividend of $0.53125 per share for the Company's 8.500% Series A Cumulative Redeemable Perpetual Preferred Stock ("Series A"), for the period from December 1, 2011 to February 29, 2012.  The dividend will be payable on March 1, 2012, to shareholders of record on February 16, 2012.  Series A dividends equate to an annualized rate of $2.125 per share.

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About Cogdell Spencer Inc.
Charlotte-based Cogdell Spencer Inc. (NYSE:CSA), healthcare's preferred real estate partner, is a real estate investment trust ("REIT") focused on planning, owning, developing, constructing, and managing medical facilities.  Through strategically managed, customized facilities, we help our clients deliver superior healthcare. Learn more about Cogdell Spencer Inc. and its subsidiaries at www.cogdell.com.

Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements relate to future events or our future financial performance. We generally identify forward-looking statements by terminology such as "may," "will," "could," "would," "believes," "anticipate," "intend," "projects," "should," "estimates," "expects" and other similar words or phrases.

Any forward-looking statements are based upon our historical performance and on our current plans, estimates and expectations.  The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates or expectations will be achieved. Such forward-looking statements are subject to various risks, uncertainties, assumptions and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any predictions of future results, performance or achievements that we express or imply in this release. Some of the risks, uncertainties and other important factors that may affect future results include, among others:

• changes in general economic and business conditions;
• our ability to execute our business strategy;
• our ability to comply with financial covenants in our debt instruments;
• our ability to raise capital on terms that are favorable to us;
• our ability to obtain future financing arrangements, including refinancing existing arrangements, on terms that are favorable to us;
• estimates relating to our future distributions;
• increased competition for tenants and new properties;
• our ability to renew our ground leases;
• legislative and regulatory changes (including changes to laws governing the taxation of REITs and individuals);
• increases in costs of borrowing as a result of changes in interest rates;
• our ability to maintain our qualification as a REIT due to economic, market, legal, or tax considerations;
• changes in the reimbursement available to our tenants by government or private payors;
• our tenants' ability to make rent payments;
• defaults by tenants and customers;
• access to financing by customers;
• delays in project starts and cancellations by customers;
• our ability to convert design-build project opportunities into new engagements for us;
• market trends; and
• projected capital expenditures.

We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Investors are cautioned not to place undue reliance on any of these forward-looking statements.

SOURCE Cogdell Spencer Inc.

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