Canadian Real Estate Investment Trust
TSX : REF.UN

Canadian Real Estate Investment Trust

May 15, 2008 08:01 ET

Canadian Real Estate Investment Trust Announces May 2008 Distribution

TORONTO, ONTARIO--(Marketwire - May 15, 2008) - Canadian Real Estate Investment Trust ("CREIT") (TSX:REF.UN) today announced its May 2008 monthly distribution in the amount of 11.08 cents per unit (C$1.33 annualized). The May distribution will be payable on June 13, 2008 to Unitholders of record May 30, 2008.

CREIT had previously announced that effective June 2008 it would increase its monthly distribution (payable July 2008) to 11.33 cents per unit (C$1.36 annualized).

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.

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