TORONTO, ONTARIO--(Marketwire - July 16, 2012) - Canadian Real Estate Investment Trust ("CREIT") (TSX:REF.UN) today announced its July 2012 monthly distribution in the amount of 12.42 cents per unit (C$1.49 annualized). The July distribution will be payable on August 15, 2012 to Unitholders of record July 31, 2012.

CREIT is a real estate investment trust focused on accumulating a portfolio of high-quality real estate assets and delivering the benefits of real estate ownership to Unitholders. The primary benefit is a reliable and, over time, increasing monthly cash distribution. CREIT owns a diversified portfolio of retail, office and industrial properties.

Please visit our website at

Contact Information:

Canadian Real Estate Investment Trust
Tim McSorley
Vice President and CFO