WINNIPEG, July 15, 2015 /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 July, 2015. The cash distributions
will be made on August 14, 2015 to Unitholders of record on July 31,
As at the date hereof, there are an aggregate of 137,574,781 Units
issued and outstanding.
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. As of today's date, Artis'
commercial property comprises approximately 25.9 million square feet of
At March 31, 2015, actual year-to-date Property Net Operating Income
("Property NOI") by asset class was approximately 25.2% retail, 51.7%
office and 23.1% industrial. Property NOI by geographical region was
approximately 7.4% in British Columbia, 38.8% in Alberta, 5.7% in
Saskatchewan, 12.3% in Manitoba, 10.9% in Ontario and 24.9% in the U.S.
Property NOI is a non-GAAP measure. Artis calculates Property NOI as
revenues, measured in accordance with International Financial Reporting
Standards, less property operating expenses such as taxes, utilities,
repairs and maintenance, and does not include charges for interest and
amortization or income from joint arrangements accounted for as equity
The Toronto Stock Exchange has not reviewed and 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. Heather Nikkel, Director - Investor Relations of the
REIT at 1.204.947.1250