ARTIS REIT ANNOUNCES TIMING OF RELEASE OF Q1-11 RESULTS AND CONFERENCE CALL

WINNIPEG, May 5 /CNW/ - Artis Real Estate Investment Trust (TSX: AX.UN) ("Artis" or the "REIT") announced today that it intends to release its financial results for the three-month period ended March 31, 2011, after the close of the Toronto Stock Exchange on Wednesday, May 18, 2011.

Interested parties are invited to participate in a conference call with management on Friday, May 20, 2011 at 3:00 p.m. CST (4:00 p.m. EST). In order to participate, please dial 1-416-340-8527 or 1-877-440-9795. You will be required to identify yourself and the organization on whose behalf you are participating.

Alternatively, you may access the simultaneous webcast by following the link from our website at http://www.artisreit.com/areit_investor.php. Prior to the webcast, you may follow the link to confirm you have the right software and system requirements.

If you cannot participate on May 20, 2011, a replay of the conference call will be available by dialing 1-905-694-9451 or 1-800-408-3053 and entering passcode #4818538.  The replay will be available until June 3, 2011. The webcast will be archived 24 hours after the end of the conference call and will be accessible for 90 days.

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Artis is a diversified Canadian real estate investment trust investing in office, industrial and retail properties.  Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties, with a major focus on Western Canada. Artis' commercial property comprises over 14.4 million square feet of leasable area in 146 properties. Leasable area by asset class is approximately 23.3% retail, 32.5% office, and 44.2% industrial. The portfolio is located 11.1% in British Columbia, 33.4% in Alberta, 4.4% in Saskatchewan, 21.8% in Manitoba, 6.9% in Ontario, and 22.4% in the U.S.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release.

SOURCE Artis Real Estate Investment Trust

For further information:

Mr. Armin Martens, President and Chief Executive Officer,
Mr. Jim Green, Chief Financial Officer or Ms. Kirsty Stevens, Chief Administrative Officer at 1.204.947.1250


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