ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION

WINNIPEG, April 14 /CNW/ - Artis Real Estate Investment Trust (TSX: AX.UN) ("Artis" or the "REIT") announced that its trustees have declared its regular monthly cash distribution of $0.09 per trust unit ("Unit") of Artis for the month of April, 2011. The cash distributions will be made on May 13, 2011 to Unitholders of record on April 30, 2011.

As at the date hereof, there are an aggregate of 75,771,265 Units issued and outstanding.

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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 in Canada and the United States, with a major focus on Western Canada.  Artis' commercial property comprises over 14.4 million square feet of leasable area in 145 properties. Leasable area by asset class is approximately 23.0% retail, 32.6% office and 44.4% industrial. The portfolio is located 11.2% in British Columbia, 33.5% in Alberta, 4.4% in Saskatchewan, 21.9% in Manitoba, 6.6% in Ontario, 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:

Please contact 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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