Canadian Real Estate Investment Trust
TSX : REF.UN

Canadian Real Estate Investment Trust

October 14, 2005 13:49 ET

Canadian Real Estate Investment Trust Announces October 2005 Distribution

TORONTO, ONTARIO--(CCNMatthews - Oct. 14, 2005) - Canadian Real Estate Investment Trust ("CREIT")(TSX:REF.UN) today announced its October 2005 monthly distribution in the amount of 10.67 cents per unit (C$1.28 annualized). The October distribution will be payable on November 14, 2005 to Unitholders of record October 31, 2005.

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 of more than 132 retail, office and industrial properties.

For further information:

Please visit our website at www.creit.ca



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