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Press release from CNW Group

ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION

Tuesday, March 15, 2011

ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION17:05 EDT Tuesday, March 15, 2011WINNIPEG, March 15 /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 March, 2011. The cash distributions will be made on April 15, 2011 to Unitholders of record on March 31, 2011.As at the date hereof, there are an aggregate of 75,679,204 Units issued and outstanding.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 focus on Western Canada. Artis' commercial property comprises over 12.6 million square feet of leasable area in 135 properties. Leasable area by asset class is approximately 26.3% retail, 34.9% office and 38.8% industrial. The portfolio is located 12.8% in B.C., 38.3% in Alberta, 5.1% in Saskatchewan, 25.1% in Manitoba, 7.5% in Ontario and 11.2% in the U.S.The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release.For further information: 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