CARS Cars com Inc

Capital Automotive to Present at the Friedman Billings Ramsey 10th Annual Investor Conference MCLEAN, Va., Nov. 25 /PRNewswire-FirstCall/ -- Capital Automotive REIT , the nation's leading specialty finance company for automotive retail real estate, announced today that its President and CEO, Tom Eckert, is scheduled to present to the investment community at the Friedman Billings Ramsey 10th Annual Investor Conference on Wednesday, December 3, 2003 at 9:30 a.m. EST at the Sheraton New York Hotel and Towers, New York. A live audio webcast of the presentation will be available to the public and can be accessed at http://www.wallstreetwebcasting.com/webcast/fbr3. Interested parties should click on the CARS symbol for Wednesday, December 3, 2003 at 9:30 a.m. EST. Please allow extra time to visit the site and download the necessary software to listen to the Internet broadcast. A copy of the presentation will be posted to the Investor Relations section of the company's website at http://www.capitalautomotive.com/. About Capital Automotive Capital Automotive, headquartered in McLean, Virginia, is a self- administered, self-managed real estate investment trust that acquires real property and improvements used by operators of multi-site, multi-franchised automotive dealerships and related businesses. Additional information on Capital Automotive is available on the Company's Website at http://www.capitalautomotive.com/. Certain matters discussed within this press release are forward-looking statements within the meaning of the federal securities laws. Although the Company believes that the expectations reflected in the forward-looking statements are based upon reasonable assumptions, the Company's future operations will depend on a number of factors that may differ, some materially, from the Company's assumptions. These factors, which could cause the Company's actual results to differ materially from those set forth in the forward-looking statements, include risks that our tenants will not pay rent; risks related to our reliance on a small number of tenants for a significant portion of our revenue; risks of financing, such as our ability to meet existing financial covenants and to consummate planned and additional financings on terms that are acceptable to us; risks that our growth will be limited if we cannot obtain additional capital; risks that planned and additional acquisitions may not be consummated; risks related to the automotive industry, such as the ability of our tenants to compete effectively in the automotive retail industry and the ability of our tenants to perform their lease obligations as a result of changes in any manufacturer's production, supply, vehicle financing, marketing or other practices or changes in the economy generally; risks generally incident to the ownership of real property, including adverse changes in economic conditions, changes in the investment climate for real estate, changes in real estate taxes and other operating expenses, adverse changes in governmental rules and fiscal policies and the relative illiquidity of real estate; environmental and other risks associated with the acquisition and leasing of automotive properties; risks related to our status as a REIT for federal income tax purposes, such as the existence of complex regulations relating to our status as a REIT, the effect of future changes in REIT requirements as a result of new legislation and the adverse consequences of the failure to qualify as a REIT; and those risks detailed from time to time in the Company's SEC reports, including its Form 8- K/A filed on February 12, 2003, its annual report on Form 10-K and its quarterly reports on Form 10-Q. The Company makes no promise to update any of the forward-looking statements or to publicly release the results if the Company revises any of them. Contact Information David S. Kay Senior Vice President, Chief Financial Officer & Treasurer Capital Automotive REIT 703.394.1302 DATASOURCE: Capital Automotive REIT CONTACT: David S. Kay, Senior Vice President, Chief Financial Officer & Treasurer of Capital Automotive REIT, +1-703-394-1302 Web site: http://www.capitalautomotive.com/ http://www.wallstreetwebcasting.com/webcast/fbr3

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