Canadian Real Estate Investment Trust

Canadian Real Estate Investment Trust

August 16, 2006 10:30 ET

Canadian Real Estate Invesment Trust Announces August 2006 Distribution

TORONTO, ONTARIO--(CCNMatthews - Aug. 16, 2006) - Canadian Real Estate Investment Trust ("CREIT") (TSX:REF.UN) today announced its August 2006 monthly distribution in the amount of 10.83 cents per unit (C$1.30 annualized). The August distribution will be payable on September 15, 2006 to Unitholders of record August 31, 2006.

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 130 retail, office and industrial properties.

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