ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES CORRECTION TO QUARTERLY CASH DISTRIBUTION

WINNIPEG, MB, March 22, 2024 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.PR.E) announced that its trustees have declared a quarterly cash distribution of $0.449875 per Series E preferred unit ("Series E Unit") of Artis for the quarter ending March 31, 2024. The cash distributions will be made on March 28, 2024, to Series E Unitholders of record on March 28, 2024.

As at the date hereof, there are an aggregate of 3,248,009 Series E Units issued and outstanding.

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Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. Artis's vision is to become a best-in-class real estate asset management and investment platform focused on value investing.

SOURCE Artis Real Estate Investment Trust

please contact Mr. Samir Manji, President and Chief Executive Officer, Ms. Jaclyn Koenig, Chief Financial Officer, or Ms. Heather Nikkel, Senior Vice-President - Investor Relations and Sustainability of the REIT at 1.204.947.1250.