AX.PR.A Artis Real Estate Investment Trust

Artis Real Estate Investment Trust (TSX:AX.PR.A) ("Artis" or the "REIT") announced that its trustees have declared a quarterly cash distribution of $0.328125 per Series A preferred unit ("Series A Unit") of Artis for the quarter ending March 31, 2013. The cash distributions will be made on March 29, 2013 to Series A Unitholders of record on March 29, 2013.

As at the date hereof, there are an aggregate of 3,450,000 Series A Units issued and outstanding.

Artis is a diversified Canadian real estate investment trust investing in office, industrial and retail properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in Canada and the United States, with a major focus on Western Canada. Artis' commercial property comprises nearly 23.6 million square feet of leasable area in 222 properties. Leasable area by asset class is approximately 18.5% retail, 31.8% office and 49.7% industrial. The portfolio is located 7.8% in British Columbia, 26.0% in Alberta, 5.5% in Saskatchewan, 15.2% in Manitoba, 15.9% in Ontario and 29.6% in the U.S.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contacts: Artis Real Estate Investment Trust Mr. Armin Martens President and Chief Executive Officer 1.204.947.1250 Artis Real Estate Investment Trust Mr. Jim Green Chief Financial Officer 1.204.947.1250 Artis Real Estate Investment Trust Ms. Kirsty Stevens Chief Administrative Officer 1.204.947.1250 www.artisreit.com

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