Artis REIT announces timing of release of financial results for the quarter ended March 31, 2009

    WINNIPEG, April 22 /CNW/ - Artis Real Estate Investment Trust (TSX:
AX.UN) ("Artis" or the "REIT") announced today that on Wednesday, May 13,
2009, prior to the open of the Toronto Stock Exchange, it will release its
financial results for the three month period ended March 31, 2009.
    Interested parties are invited to participate in a conference call with
management the following day: Thursday, May 14, 2009 at 10:00 a.m. EST. In
order to participate, please dial 1-416-340-8018 or 1-866-223-7781. You will
be required to identify yourself and the organization on whose behalf you are
    Alternatively, you may access the simultaneous webcast by following the
link from our website at Prior to
the webcast, you may follow the link to confirm you have the right software
and system requirements.
    If you cannot participate on May 14, 2009, a replay of the conference
call will be available by dialing 1-416-695-5800 or 1-800-408-3053 and
entering passcode #7087282. The replay will be available until May 28, 2009.
The webcast will be archived 24 hours after the end of the conference call and
will be accessible for 90 days.

    Artis is a growth oriented real estate investment trust focused
exclusively on commercial properties located in primary and growing secondary
markets in western Canada. 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 6.4 million square
feet of leasable area in 86 properties. Leasable area is approximately 30.5%
in Manitoba, 7.7% in Saskatchewan, 56.1% in Alberta, and 5.7% in B.C.; by
asset class the portfolio is 32.3% retail, 40.5% office and 27.2% 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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