ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES QUARTERLY CASH DISTRIBUTION

WINNIPEG, MB, Oct. 16, 2023 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.PR.I) announced that its trustees have declared a quarterly cash distribution of $0.4370625 per Series I preferred unit ("Series I Unit") of Artis for the quarter ending October 31, 2023. The cash distributions will be made on October 31, 2023, to Series I Unitholders of record on October 31, 2023.

As at the date hereof, there are an aggregate of 4,710,240 Series I Units issued and outstanding.

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 build a best-in-class asset management and investment platform focused on growing net asset value per unit and distributions for investors through value investing in real estate.

Suite 600 – 220 Portage Avenue
Winnipeg, MB   R3C 0A5
T 204.947.1250   F 204.947.0453

www.artisreit.com
AX.UN on the TSX

SOURCE Artis Real Estate Investment Trust

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