ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES QUARTERLY CASH DISTRIBUTION

WINNIPEG, MB, July 15, 2022 /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 $0.3750 per Series I preferred unit ("Series I Unit") of Artis for the quarter ending July 31, 2022. The cash distributions will be made on July 29, 2022 to Series I Unitholders of record on July 29, 2022.

As at the date hereof, there are an aggregate of 4,955,240 Series I 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' 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.

SOURCE Artis Real Estate Investment Trust

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