News Column

Artis Real Estate Investment Trust Announces Monthly Cash Distribution

May 15, 2014

WINNIPEG, MANITOBA--(Marketwired - May 15, 2014) - 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 May, 2014. The cash distributions will be made on June 13, 2014 to Unitholders of record on May 31, 2014.

As at the date hereof, there are an aggregate of 127,889,691 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. As of today's date, Artis' commercial property comprises approximately 25.0 million square feet of leasable area.

At March 31, 2014, actual period-to-date Property Net Operating Income ("Property NOI") by asset class was approximately 24.7% retail, 51.5% office and 23.8% industrial. Property NOI by geographical region was approximately 8.3% in British Columbia, 38.7% in Alberta, 5.6% in Saskatchewan, 12.2% in Manitoba, 12.6% in Ontario and 22.6% in the U.S.

Property NOI is a non-GAAP measure. Artis calculates Property NOI as revenues, measured in accordance with International Financial Reporting Standards, less property operating expenses such as taxes, utilities, repairs and maintenance, and does not include charges for interest and amortization or income from joint arrangements accounted for as equity investments.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

FOR FURTHER INFORMATION PLEASE CONTACT: Artis Real Estate Investment Trust Mr. Armin Martens President and Chief Executive Officer 1.204.947.1250 Artis Real Estate Investment Trust Mr. Jim Green Chief Financial Officer 1.204.947.1250 Artis Real Estate Investment Trust Ms. Heather Nikkel Director - Investor Relations 1.204.947.1250 1.204.947.0453 (FAX) Source: Artis Real Estate Investment Trust

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Source: Marketwire (Canada)