Mr. Kevin Henley reports

CANADIAN NET REIT ANNOUNCES THE SALE OF A PROPERTY IN TROIS-RIVIERES, QC

Canadian Net Real Estate Investment Trust has sold a single-tenant property housing a restaurant operating under the Mike's banner in Trois-Rivieres, Que. The total consideration received for the property was $1.3-million, translating into a capitalization rate of 5.6 per cent. This is a notable 26-per-cent premium above the property's IFRS (international financial reporting standard) value. The net proceeds from this transaction will be directed toward repaying a portion of the trust's credit facilities.

"The disposition of our Mike's property in Trois-Rivieres underscores the increasing disconnect between Canadian Net REIT's unit price and the value of our assets," said Kevin Henley, president and chief executive officer. "This marks our second successful sale this year, achieving prices well above our IFRS values. In addition to being accretive to the trust, this sale will increase our liquidity, thereby enhancing our capacity to capitalize on future investment prospects."

About Canadian Net Real Estate Investment Trust

Canadian Net Real is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties.

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