Canadian Real Estate Investment Trust
TSX : REF.UN

Canadian Real Estate Investment Trust

July 16, 2008 10:10 ET

Canadian Real Estate Investment Trust Announces July 2008 Distribution

TORONTO, ONTARIO--(Marketwire - July 16, 2008) - Canadian Real Estate Investment Trust ("CREIT")(TSX:REF.UN) today announced its July 2008 monthly distribution in the amount of 11.33 cents per unit (C$1.36 annualized). The July distribution will be payable on August 15, 2008 to Unitholders of record July 31, 2008.

CREIT is a real estate investment trust focussed on accumulating a portfolio of high-quality real estate assets and delivering the benefits of real estate ownership to Unitholders. The primary benefit is a reliable and, over time, increasing monthly cash distribution. CREIT owns a portfolio of 150 retail, office and industrial properties.

Please visit our website at www.creit.ca.

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