Artis Real Estate Investment Trust Announces Monthly Cash Distribution

    Artis Real Estate Investment Trust Announces Monthly Cash Distribution

  Canada NewsWire

  WINNIPEG, March 15, 2018

WINNIPEG, March 15, 2018 /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, 2018. The cash distributions will be made on April 13,
2018 to Unitholders of record on March 31, 2018.

As at the date hereof, there are an aggregate of 153,795,599 Units issued and
outstanding.

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Artis is a diversified Canadian real estate investment trust investing in
office, retail and industrial properties. Since 2004, Artis has executed an
aggressive but disciplined growth strategy, building a portfolio of commercial
properties in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and
select markets in the United States. As of December 31, 2017, Artis'
commercial property comprises approximately 24.8 million square feet of
leasable area.

During the three months ended December 31, 2017, Property Net Operating Income
("Property NOI") by asset class, including Artis' proportionate share of
properties held in joint venture arrangements, was approximately 53.6% office,
21.2% retail and 25.2% industrial. Property NOI by geographical region,
including Artis' proportionate share of properties held in joint venture
arrangements, was approximately 4.4% in British Columbia, 23.1% in Alberta,
6.7% in Saskatchewan, 14.3% in Manitoba, 12.2% in Ontario, 8.0% in Arizona,
17.6% in Minnesota, 9.1% in Wisconsin and 4.6% in U.S. – Other.

Property NOI is a non-GAAP measure. Artis calculates Property NOI as revenues
less property operating expenses such as utilities, repairs and maintenance
and realty taxes. Property NOI does not include charges for interest or other
expenses not specific to the day-to-day operation of the REIT's properties.

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 Trust

View original content:
http://www.newswire.ca/en/releases/archive/March2018/15/c5832.html

please contact Mr. Armin Martens, President and Chief Executive Officer, Mr.
Jim Green, Chief Financial Officer or Ms. Heather Nikkel, Vice-President -
Investor Relations of the REIT at 1.204.947.1250

For further information: please contact Mr. Armin Martens, President and Chief
Executive Officer, Mr. Jim Green, Chief Financial Officer or Ms. Heather
Nikkel, Vice-President - Investor Relations of the REIT at 1.204.947.1250

CO: Artis Real Estate Investment Trust

ST: Manitoba

NI: REL DIV
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