Ms. Lesley Gibson reports

CT REIT COMPLETES OFFERING OF $300M 4.357% SERIES K SENIOR UNSECURED DEBENTURES DUE DECEMBER 5, 2031

CT Real Estate Investment Trust has completed its previously announced issuance, on a private placement basis in certain of the provinces of Canada, of $300-million aggregate principal amount of Series K senior unsecured debentures with a 5.5-year term and a coupon of 4.357 per cent per annum. CT REIT intends to use the net proceeds of the debenture offering for the repayment of existing indebtedness, including the outstanding $200-million Series D debentures, which mature on June 1, 2026, to pay down amounts owing under its credit facilities and to retain the balance of the proceeds for general business purposes.

The Series K debentures have been rated BBB with a stable trend by Morningstar DBRS. The Series K debentures are direct senior unsecured obligations of CT REIT.

The debenture offering was led by RBC Capital Markets, CIBC Capital Markets and BMO Capital Markets. The Series K debentures offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Series K debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About CT Real Estate Investment Trust

CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio comprises over 375 properties totalling more than 31 million square feet of GLA (gross leasable area), consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corp. Ltd. is CT REIT's most significant tenant.

We seek Safe Harbor.