Mr. Samir Manji reports

ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES QUARTERLY CASH DISTRIBUTION

Artis Real Estate Investment Trust's trustees have declared a quarterly cash distribution of 43.70625 cents per Series I preferred unit of Artis for the quarter ending April 30, 2024. The cash distributions will be made on April 30, 2024, to Series I unitholders of record on April 30, 2024.

As at the date hereof, there are an aggregate of 4,582,556 Series I units issued and outstanding.

About Artis Real Estate Investment Trust

Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. Artis's vision is to become a best-in-class real estate asset management and investment platform focused on value investing.