CROMBIE REIT ANNOUNCES MARCH 2022 MONTHLY DISTRIBUTION

NEW GLASGOW, NS, March 15, 2022 /CNW/ - Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2022, to and including March 31, 2022.

The distribution will be payable on April 14, 2022, to unitholders of record as at March 31, 2022.

About Crombie REIT

Crombie Real Estate Investment Trust ("Crombie") invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owner, operator, and developer of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at December 31, 2021, our portfolio contains 284 income-producing properties comprising approximately 17.9 million square feet, and a significant pipeline of future development projects. Learn more at www.crombiereit.com.

SOURCE Crombie REIT

Media Contact, Clinton Keay, CPA, CA, Chief Financial Officer and Secretary, 902-755-8100; Ruth Martin, CPA, CA, Director, Investor Relations and Financial Analysis, 902-759-0164