ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES QUARTERLY CASH DISTRIBUTION

WINNIPEG, MB, March 15, 2022 /CNW/ - Artis Real Estate Investment Trust ("Artis" or "the REIT") (TSX: AX.PR.A) (TSX: AX.PR.E) announced that its trustees have declared the following quarterly cash distributions:

• $0.353875 per Series A preferred unit ("Series A Unit") of Artis for the quarter ending March 31, 2022. The cash distributions will be made on March 31, 2022 to Series A Unitholders of record on March 31, 2022. As at the date hereof, there are an aggregate of 3,283,600 Series A Units issued and outstanding.
• $0.342 per Series E preferred unit ("Series E Unit") of Artis for the quarter ending March 31, 2022. The cash distributions will be made on March 31, 2022 to Series E Unitholders of record on March 31, 2022. As at the date hereof, there are an aggregate of 3,686,110 Series E Units issued and outstanding.

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' vision is to build a best-in-class asset management and investment platform focused on growing net asset value per unit and distributions for investors through value investing in real estate.

SOURCE Artis Real Estate Investment Trust

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