WINNIPEG, Aug. 17, 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 August, 2015. The cash distributions
will be made on September 15, 2015 to Unitholders of record on August
As at the date hereof, there are an aggregate of 137,795,373 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 26.0 million square feet of
At June 30, 2015 actual year-to-date Property Net Operating Income
("Property NOI") by asset class was approximately 26.3% retail, 51.0%
office and 22.7% industrial. Property NOI by geographical region was
approximately 7.6% in British Columbia, 37.2% in Alberta, 7.4% in
Saskatchewan, 12.2% in Manitoba, 10.4% in Ontario and 25.2% 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:
please contact 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