Canadian Real Estate Investment Trust
TSX : REF.UN

Canadian Real Estate Investment Trust

June 15, 2005 14:28 ET

Canadian Real Estate Investment Trust Announces June 2005 Distribution

TORONTO, ONTARIO--(CCNMatthews - June 15, 2005) - Canadian Real Estate Investment Trust ("CREIT") (TSX:REF.UN) today announced its June 2005 monthly distribution in the amount of 10.67 cents per unit (C$1.28 annualized). The June distribution will be payable on July 15, 2005 to Unitholders of record June 30, 2005.

CREIT is a real estate investment trust that is dedicated to building wealth for its Unitholders through reliable monthly cash distributions and long-term value enhancement. CREIT owns a portfolio of more than 132 retail, office and industrial properties. Its disciplined approach manages risk while delivering attractive long-term returns.

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