CORRECTION FROM SOURCE: Canadian Real Estate Investment Trust Announces December 2011 Distribution

TORONTO, ONTARIO--(Marketwire - Dec. 15, 2011) -

This document corrects and replaces the press release that was sent on December 15, 2011 at 9:50 AM ET. In the earlier press release, the distribution payable date was incorrectly noted as January 16, 2011. This should have been January 16, 2012. A complete and corrected version follows.

Canadian Real Estate Investment Trust ("CREIT") (TSX:REF.UN) today announced its December 2011 monthly distribution in the amount of 12.00 cents per unit (C$1.44 annualized). The December distribution will be payable on January 16, 2012 to Unitholders of record December 30, 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.