Artis Real Estate Investment Trust Announces Monthly Cash Distribution

WINNIPEG, April 16, 2012 /CNW/ - Artis Real Estate Investment Trust (TSX: AX.UN) ("Artis" or the "REIT") announced that its trustees have declared its regular monthly cash distribution of $0.09 per trust unit ("Unit") of Artis for the month of April, 2012. The cash distributions will be made on May 15, 2012 to Unitholders of record on April 30, 2012.

As at the date hereof, there are an aggregate of 101,643,304 Units issued and outstanding.

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Artis is a diversified Canadian real estate investment trust investing in office, industrial and retail properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in Canada and the United States, with a major focus on Western Canada. Artis' commercial property comprises nearly 17.4 million square feet of leasable area in 166 properties. Leasable area by asset class is approximately 21.7% retail, 37.4% office and 40.9% industrial. The portfolio is located 9.6% in British Columbia, 29.1% in Alberta, 5.8% in Saskatchewan, 20.1% in Manitoba, 11.4% in Ontario and 24.0% in the U.S.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Mr. Armin Martens, President and Chief Executive Officer, Mr. Jim Green, Chief Financial Officer or Ms. Kirsty Stevens, Chief Administrative Officer at 1.204.947.1250