Whiterock REIT Declares January, February and March 2011 Distributions


TORONTO, Jan. 17 /CNW/ - Whiterock Real Estate Investment Trust ("Whiterock"), a growth oriented REIT with a significant presence in major markets and a high quality long-term leased revenue stream, announced today it has declared its distributions for the months of January, February and March 2011 as per the following schedule:

January 2011
February 2011
March 2011
  Record Date
January 31, 2011
February 28, 2011
March 31, 2011
  Distribution Date
February 15, 2011
March 15, 2011
April 15, 2011
  Distribution Amount

Whiterock has recently announced a 3-for-2 subdivision of its Units effective January 27, 2011.  Whiterock's distribution policy effectively remains unchanged following the subdivision.  The historic distribution of $0.14025 monthly ($1.683 annually), on a pre-subdivision basis, equates to $0.0935 ($1.122 annually), on a post-subdivision basis, so as to reflect the additional number of units outstanding as a result of the subdivision.  The announced distributions represent an annualized yield of approximately 8.3% after taking into effect the 3-for-2 subdivision of units. 

At the close of business on January 14, 2011, Whiterock had 17,570,049 pre-subdivision Units issued and outstanding.

Reinvestment Program

Whiterock's Distribution Reinvestment Plan allows Unitholders to purchase additional Units using their distributions, without brokerage fees, at 96% of the volume weighted average trading price for the ten days immediately preceding a distribution payment date.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities legislation. These forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "estimate", "anticipate", "intend", "believe" or "continue", the negative forms thereof and similar expressions suggesting future outcomes or events. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. These statements are not guarantees of future events or performance and, by their nature, are based on Whiterock's estimates and assumptions, which are subject to known and unknown risks, uncertainties and other factors that may cause the actual events, results or prospects to be materially different from those expressed or implied herein. Readers are cautioned that a number of risks, uncertainties and other factors, including the risks discussed in Whiterock's various securities filings and including the section entitled "Risk Factors" in Whiterock's Annual Information Form, which can be obtained at www.sedar.com, could cause actual events, results or prospects to differ materially from those stated or implied. These risks, uncertainties and other factors should be considered carefully, and a reader should not place undue reliance on forward-looking statements, as there can be no assurance that actual events, results or prospects will be consistent with such statements.  Except as required by law, Whiterock does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

SOURCE Whiterock Real Estate Investment Trust

For further information:


Frank Bucys, CFO, 416-907-4864
Esam El-Makkawy, 416-642-4726

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Whiterock Real Estate Investment Trust

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