Canadian Real Estate Investment Trust
TSX : REF.UN

Canadian Real Estate Investment Trust

January 16, 2007 11:25 ET

Canadian Real Estate Investment Trust Announces January 2007 Distribution

TORONTO, ONTARIO--(CCNMatthews - Jan. 16, 2007) - Canadian Real Estate Investment Trust ("CREIT") (TSX:REF.UN) today announced its January 2007 monthly distribution in the amount of 10.83 cents per unit (C$1.30 annualized). The January distribution will be payable on February 14, 2007 to Unitholders of record January 31, 2007.

CREIT is a real estate investment trust that is dedicated to accumulating a portfolio of high-quality real estate assets; and then deliver the benefits of such real estate ownership to Unitholders. The primary benefit is a reliable and, over time, increasing cash distribution. CREIT owns a portfolio in excess of 140 retail, office and industrial properties.

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