WINNIPEG, Nov. 16, 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 November, 2015. The cash
distributions will be made on December 15, 2015 to Unitholders of
record on November 30, 2015.
As at the date hereof, there are an aggregate of 138,450,436 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 western Canada, Ontario and
select markets in the United States. As of September 30, 2015, Artis'
commercial property comprises approximately 26.2 million square feet of
During the three months ended September 30, 2015, Property Net Operating
Income ("Property NOI") by asset class, including properties held in
joint venture arrangements, was approximately 25.6% retail, 50.3%
office and 24.1% industrial. Property NOI by geographical region,
including properties held in joint venture arrangements, was
approximately 8.9% in British Columbia, 35.5% in Alberta, 5.8% in
Saskatchewan, 11.6% in Manitoba, 10.2% in Ontario and 28.0% 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
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