Jun. 14, 2010 (Canada NewsWire Group) -- Artis Real Estate Investment Trust (TSX: AX.UN) ("Artis" or the "REIT") announced that its trustees have declared its regular monthly cash distribution of
As at the date hereof, there are an aggregate of 50,342,516 Units issued and outstanding.
Artis is one of Canada's fastest growing real estate investment trusts. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial income-producing properties, with a major focus on Western
Artis' commercial property comprises approximately 8.6 million square feet of leasable area in 108 properties. Leasable area is approximately 30.5% in Manitoba, 7.4% in Saskatchewan, 50.1% in Alberta, and 12.0% in B.C.; by asset class the portfolio is 30.6% retail, 27.4% office, and 42.0% 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.