TORONTO, ONTARIO--(Marketwire - May 16, 2011) - Canadian Real Estate Investment Trust (TSX:REF.UN) ("CREIT") today announced its May 2011 monthly distribution in the amount of 12.00 cents per unit (C$1.44 annualized). The May distribution will be payable on June 14, 2011 to Unitholders of record May 31, 2011.

CREIT is a real estate investment trust focused on accumulating a portfolio of high-quality real estate assets and delivering the benefits of real estate ownership to Unitholders. The primary benefit is a reliable and, over time, increasing monthly cash distribution. CREIT owns a diversified portfolio of retail, office and industrial properties.

FOR FURTHER INFORMATION PLEASE CONTACT:

Tim McSorley
Canadian Real Estate Investment Trust
Vice President and CFO
416-628-7790
tmcsorley@creit.ca
www.creit.ca