Morguard REIT declares July 2010 distribution of 7.5 cents per unit

MISSISSAUGA, ON, July 15 /CNW/ - Morguard Real Estate Investment Trust (TSX: MRT.UN) today announced that it has declared a distribution of 7.5 cents per unit for the month of July 2010. The distribution will be payable on August 13, 2010 to unitholders of record as at July 30, 2010.

Morguard REIT is a closed-end real estate investment trust, which owns a diversified portfolio of 50 high quality retail, office and industrial properties in Canada with an approximate asset book value of $1.2 billion and approximately 7.8 million square feet of leaseable space.

%SEDAR: 00008756E

For further information: Mr. K. (Rai) Sahi, Chief Executive Officer, Morguard Real Estate Investment Trust, 55 City Centre Drive, Suite 1000, Mississauga, ON, L5B 1M3, T: 905 281-4800, F: 905-281-4818, Email: [email protected], Website: www.morguardreit.com