WINNIPEG, Feb. 11 /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 February, 2010. The cash distributions will be made on March 15, 2010 to Unitholders of record on February 28, 2010.
As at the date hereof, there are an aggregate of 43,727,472 Units issued and outstanding.
Artis is a real estate investment trust focused exclusively on commercial properties located in primary and growing secondary markets in western Canada. The REIT's goal is to provide unitholders the opportunity to invest in high quality western Canadian office, retail and industrial properties, as well as to provide monthly cash distributions that are stable, tax efficient, and growing over time.
Artis' commercial property comprises approximately 7.2 million square feet of leasable area in 99 properties. Leasable area is approximately 36.4% in Manitoba, 9.1% in Saskatchewan, 45.8% in Alberta, and 8.7% in B.C.; by asset class the portfolio is 28.3% retail, 32.7% office and 39.0% industrial.
The REIT's Distribution Reinvestment Plan ("DRIP") allows unitholders to have their monthly cash distributions used to purchase trust units without incurring commission or brokerage fees, and receive bonus units equal to 4% of their monthly cash distributions. More information can be obtained at www.artisreit.com.
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