Allied Properties Real Estate Investment Trust
TSX : AP.UN

Allied Properties Real Estate Investment Trust

May 16, 2008 10:42 ET

Allied Properties Real Estate Investment Trust Announces May Distribution

TORONTO, ONTARIO--(Marketwire - May 16, 2008) - Allied Properties REIT (TSX:AP.UN) announced today that the Trustees of the REIT have declared a distribution of $0.11 per unit for the month of May, 2008, representing $1.32 per unit on an annualized basis. The distribution will be payable on June 16, 2008, to unitholders of record as at May 30, 2008. The REIT has 28,155,137 units issued and outstanding.

Allied Properties REIT is the leading owner and manager of Class I office properties in Canada, with portfolio assets in the urban areas of Toronto, Montreal, Winnipeg, Quebec City and Kitchener. The objectives of the REIT are to provide stable and growing cash distributions to unitholders and to maximize unitholder value through effective management and accretive portfolio growth.

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