Mr. Armin Martens reports

ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES QUARTERLY CASH DISTRIBUTIONS

Artis Real Estate Investment Trust's trustees have declared the following quarterly cash distributions:

• 32.8125 cents per Series A preferred unit of Artis for the quarter ending Sept. 30, 2014 (The cash distributions will be made on Sept. 30, 2014, to Series A unitholders of record on Sept. 30, 2014. As at the date hereof, there are a total of 3.45 million Series A units issued and outstanding.);
• 32.8125 U.S. cents per Series C preferred unit of Artis for the quarter ending Sept. 30, 2014 (The cash distributions will be made on Sept. 30, 2014, to Series C unitholders of record on Sept. 30, 2014. As at the date hereof, there are a total of three million Series C units issued and outstanding.);
• 29.6875 cents per Series E preferred unit of Artis for the quarter ending Sept. 30, 2014 (The cash distributions will be made on Sept. 30, 2014, to Series E unitholders of record on Sept. 30, 2014. As at the date hereof, there are a total of four million Series E units issued and outstanding.).

At June 30, 2014, actual year-to-date property net operating income (NOI) by asset class was approximately 24.5 per cent retail, 51.7 per cent office and 23.8 per cent industrial. Property NOI by geographical region was approximately 8.3 per cent in British Columbia, 38.9 per cent in Alberta, 5.6 per cent in Saskatchewan, 12.2 per cent in Manitoba, 12.4 per cent in Ontario and 22.6 per cent in the U.S.