Artis Real Estate Investment Trust announces monthly cash distribution

    WINNIPEG, June 15 /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 June, 2009. The cash distributions will be made on July 15, 2009 to
Unitholders of record on June 30, 2009.
    As at the date hereof, there are an aggregate of 32,955,618 Units issued
and outstanding.

    Artis is a growth oriented real estate investment trust focused
exclusively on commercial properties located in primary and growing secondary
markets in western Canada, particularly in Alberta. The REIT's goal is to
provide unitholders the opportunity to invest in high quality western Canadian
office, retail and industrial properties, as well as to provide monthly cash
distributions that are stable, tax efficient, and growing over time.
    Artis' commercial property comprises approximately 6.3 million square
feet of leasable area in 85 properties. Leasable area is approximately 30.7%
in Manitoba, 7.8% in Saskatchewan, 55.7% in Alberta, and 5.8% in B.C.; by
asset class the portfolio is 31.4% retail, 41.0% office and 27.6% industrial.
    The REIT's Distribution Reinvestment Plan ("DRIP") allows unitholders to
have their monthly cash distributions used to purchase trust units without
incurring commission or brokerage fees, and receive bonus units equal to 4% of
their monthly cash distributions. More information can be obtained at

    The Toronto Stock Exchange does not accept responsibility for the
    adequacy or accuracy of this press release.

For further information:

For further information: Mr. Armin Martens, President and Chief
Executive Officer, Mr. Jim Green, Chief Financial Officer or Ms. Kirsty
Stevens, Senior VP - Investor Relations, (204) 947-1250

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