Scott's Real Estate Investment Trust announces April distribution



    TORONTO, April 17 /CNW/ - Scott's Real Estate Investment Trust
(TSX: SRQ.UN) (Scott's REIT), owner of 196 retail and restaurant properties in
seven provinces across Canada, today announced a cash distribution for the
month of April 2007 of $0.0708 per unit payable on May 15, 2007 to unitholders
of record on April 30, 2007.
    Scott's REIT also announced today a monthly cash distribution of
$0.0708 per unit to unitholders of record of Class B Limited Partnership Units
in Scott's Real Estate LP on April 30, 2007. This distribution marks the 18th
consecutive cash distribution declared since Scott's began operations on
October 6, 2005.
    Scott's REIT's policy is to pay cash distributions on or about the 15th
of each month to unitholders of record on the last business day of the
preceding month. Unitholders who are non-residents of Canada will be required
to pay all withholding taxes payable on any distributions by Scott's REIT.

    About Scott's Real Estate Investment Trust

    Scott's REIT (TSX: SRQ.UN) is Canada's premier small-box retail property
owner with 196 properties in seven provinces across Canada. Scott's REIT's
properties are well-located and geographically diverse across Canada and
nearly all properties are long-term quadruple net leases. The REIT has a
70.6 per cent interest in Scott's Real Estate LP. To find out more about
Scott's Real Estate Investment Trust (TSX: SRQ.UN), visit our website at
http://www.scottsreit.com.

    Forward-looking statements

    This media release contains forward-looking statements. Such statements
are based on current expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might differ
materially from projections suggested in any forward-looking statements due to
factors such as the competitive nature of the quick service restaurant
industry, the ability of Scott's REIT and Scott's Real Estate LP to execute a
growth and development strategy, the reliance of Scott's REIT and Scott's Real
Estate LP on key personnel, and risk associated with the structure of income
trusts. Scott's REIT and Scott's RE LP assume no obligation to update the
forward-looking statements, or to update the reasons why actual results could
differ from those reflected in the forward-looking statements. Additional
information identifying risks and uncertainties is contained in Scott's REIT
filings with the Canadian securities regulators, available at www.sedar.com.

    %SEDAR: 00022537E




For further information:

For further information: Trish Moran, (416) 624-5133,
trish.moran@scottsreit.com

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