The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

Artis Real Estate Investment Trust Announces Monthly Cash Distribution

Tuesday, December 11, 2012

Artis Real Estate Investment Trust Announces Monthly Cash Distribution17:00 EST Tuesday, December 11, 2012WINNIPEG, Dec. 11, 2012 /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 December, 2012. The cash distributions will be made on January 15, 2013 to Unitholders of record on December 31, 2012.As at the date hereof, there are an aggregate of 110,368,704 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 growth strategy, building a portfolio of commercial properties in Canada and the United States, with a major focus on Western Canada. Artis' commercial property comprises approximately 23.4 million square feet of leasable area in 220 properties. Leasable area by asset class is approximately 18.3% retail, 32.1% office and 49.6% industrial. The portfolio is located 7.9% in British Columbia, 25.7% in Alberta, 5.1% in Saskatchewan, 15.4% in Manitoba, 16.0% in Ontario and 29.9% in the U.S.The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.SOURCE: Artis Real Estate Investment TrustFor further information: Mr. Armin Martens, President and Chief Executive Officer, Mr. Jim Green, Chief Financial Officer or Ms. Kirsty Stevens, Chief Administrative Officer of the REIT at 1.204.947.1250