Canadian Real Estate Investment Trust
TSX : REF.UN

Canadian Real Estate Investment Trust

December 14, 2006 12:55 ET

Canadian Real Estate Investment Trust Announces December 2006 Distribution

TORONTO, ONTARIO--(CCNMatthews - Dec. 14, 2006) - Canadian Real Estate Investment Trust ("CREIT")(TSX:REF.UN) today announced its December 2006 monthly distribution in the amount of 10.83 cents per unit (C$1.30 annualized). The December distribution will be payable on January 15, 2007 to Unitholders of record December 29, 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 140 retail, office and industrial properties.

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