Canadian Real Estate Investment Trust Announces July 2011 Distribution

TORONTO, ONTARIO--(Marketwire - July 14, 2011) - Canadian Real Estate Investment Trust (TSX:REF.UN) ("CREIT") today announced its July 2011 monthly distribution in the amount of 12.00 cents per unit (C$1.44 annualized). The July distribution will be payable on August 15, 2011 to Unitholders of record July 29, 2011.

CREIT is a real estate investment trust focused 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 diversified portfolio of retail, office and industrial properties.