Artis Real Estate Investment Trust Announces Quarterly Cash Distribution, Series A Unit

WINNIPEG, MANITOBA--(Marketwire - March 12, 2013) - Artis Real Estate Investment Trust (TSX:AX.PR.A) ("Artis" or the "REIT") announced that its trustees have declared a quarterly cash distribution of $0.328125 per Series A preferred unit ("Series A Unit") of Artis for the quarter ending March 31, 2013. The cash distributions will be made on March 29, 2013 to Series A Unitholders of record on March 29, 2013.

As at the date hereof, there are an aggregate of 3,450,000 Series A 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 nearly 23.6 million square feet of leasable area in 222 properties. Leasable area by asset class is approximately 18.5% retail, 31.8% office and 49.7% industrial. The portfolio is located 7.8% in British Columbia, 26.0% in Alberta, 5.5% in Saskatchewan, 15.2% in Manitoba, 15.9% in Ontario and 29.6% in the U.S.