Cominar Real Estate Investment Trust Announces October 2008 Monthly Distribution



    TSX - CUF.UN

    QUEBEC CITY, Oct. 17 /CNW Telbec/ - Cominar Real Estate Investment Trust
("Cominar" or the "REIT") announced today a distribution of 12.0 cents per
unit to unitholders of record as at October 31, 2008, payable on November 17,
2008.

    PROFILE as at October 17, 2008
    ------------------------------

    Cominar is the largest commercial property owner and manager in the
Province of Québec. Cominar owns a real estate portfolio of 213 high quality
properties, consisting of 37 office, 39 retail and 137 industrial and
mixed-use buildings that cover a total area of over 18.1 million square feet
in the Greater Quebec City, Montreal and Ottawa areas. Cominar's objectives
are to deliver growing cash distributions to its unitholders and to maximize
unitholder value through proactive management and the growth of its portfolio.
    The REIT has a distribution reinvestment plan for its unitholders that
allows participants to reinvest their monthly distributions in additional
Trust units. Participants will be given the right to receive an effective
discount of 5% of distributions to which they are entitled in the form of
additional units. Additional information and enrolment forms are available at
www.cominar.com.
    %SEDAR: 00010204EF




For further information:

For further information: Michel Dallaire, P.Eng., President and Chief
Executive Officer, (418) 681-8151, mdallaire@cominar.com; Michel Berthelot,
CA, Executive Vice President and Chief Financial Officer, (418) 681-8151,
mberthelot@cominar.com

Organization Profile

Cominar Real Estate Investment Trust

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