U.S. Restaurant Properties, Inc. to Broadcast First Quarter Earnings Conference Call on the Internet.

Business Editors

DALLAS--(BUSINESS WIRE)--April 28, 2003

U.S. Restaurant Properties, Inc. (NYSE:USV) will hold its first quarter investor conference call on Thursday May 8, 2003 at 10:00am CDT. The conference call will be broadcast live over the Internet and will be hosted by Robert Stetson, President and CEO.

To listen to the conference call, go to http://www.companyboardroom.com/company.asp?ticker=usv&client=cb at least 15 minutes prior to the start of the call to download any necessary audio software. A web replay will be available shortly after the call for 14 days. Alternatively, the conference call can be accessed toll free at (877) 691-0877. A digital replay of the conference call will be available until midnight May 22, 2003 by dialing (877) 519-4471 and entering reference number 3871091.

U.S. Restaurant Properties, Inc. is a non-taxed financial services and real estate company dedicated to acquiring, managing and financing branded chain restaurants such as Burger King(R), Arby's(R), Chili's(R) and Pizza Hut(R) and selected service station properties. At March 31, 2003, the company owned 816 properties located in 48 states.

Certain statements in this release constitute "forward-looking statements" and involve risks, uncertainties and other factors which may cause the actual performance of U. S. Restaurant Properties, Inc. to be materially different from the performance expressed or implied by such statements. These risks include interest rates and other general economic conditions, income fluctuations in U.S. households and the general health of the fast food, casual dining, and service station industries, as well as the risks and uncertainties detailed in the company's periodic reports and registration statements filed with the Securities and Exchange Commission.