Rescheduled - Northern Property Release of fourth quarter earnings

    CALGARY, March 12 /CNW/ - Northern Property Real Estate Investment Trust
(NPR.UN) has rescheduled the release of its fourth quarter earnings to
March 19, 2007 to be followed by a conference call on March 20, 2007 at
9:00 a.m. Mountain Standard Time; 11:00 a.m. Eastern Standard Time.
Participating on the call will be Mr. B. James Britton (Chair), President &
C.E.O. and Ms. Debra Boyle, C.F.O.
    Investors and analysts are invited to participate in the call by calling
416-644-3417 or 1-866-249-2157. You will be required to provide the Conference
Call Operator with two pieces of information prior to being admitted to the
call. You will be asked for the Reservation No. 21216858 and the Chairperson:
Mr. B. James Britton. The call will be recorded and the recording made
available on our website on March 22, 2007.

For further information:

For further information: Mr. B. James Britton, President and Chief
Executive Officer or Ms. Debra Boyle, Chief Financial Officer at (403)

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Northern Property Real Estate Investment Trust

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