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Artis Real Estate Investment Trust Announces Results of the Election of Trustees

TORONTO, ONTARIO -- (Marketwired) -- 06/20/14 -- Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX:AX.UN) today announced the results of the votes held at its June 19, 2014 Annual and Special Meeting of Unitholders (the "Meeting").

The total number of units represented by unitholders present in person or by proxy at the Meeting was 43,822,151, representing 34.27% of Artis' outstanding units.

Each of the nominee Trustees listed in the Information Circular dated May 2, 2014 was elected as a Trustee. Management received proxies to vote on the nominee Trustees as follows:

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                                                        Votes               
Name of Nominee          Votes For       % For       Withheld     % Withheld
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Delmore Crewson         41,921,591       98.98        430,411           1.02
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Armin Martens           41,743,291       98.56        608,711           1.44
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Cornelius Martens       42,028,285       99.24        323,717           0.76
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Ronald Rimer            41,867,902       98.86        484,100           1.14
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Patrick Ryan            41,763,348       98.61        588,654           1.39
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Victor Thielmann        41,514,076       98.02        837,926           1.98
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Wayne Townsend          41,498,534       97.98        853,468           2.02
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Edward Warkentin        39,629,355       93.57      2,722,647           6.43
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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. As of today's date, Artis' commercial property comprises approximately 25.0 million square feet of leasable area.

At March 31, 2014, actual period-to-date Property Net Operating Income ("Property NOI") by asset class was approximately 24.7% retail, 51.5% office and 23.8% industrial. Property NOI by geographical region was approximately 8.3% in British Columbia, 38.7% in Alberta, 5.6% in Saskatchewan, 12.2% in Manitoba, 12.6% in Ontario and 22.6% in the U.S.

Property NOI is a non-GAAP measure. Artis calculates Property NOI as revenues, measured in accordance with International Financial Reporting Standards, less property operating expenses such as taxes, utilities, repairs and maintenance, and does not include charges for interest and amortization or income from joint arrangements accounted for as equity investments.

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. Heather Nikkel
Director - Investor Relations of the REIT
1.204.947.1250
1.204.947.0453 (FAX)
www.artisreit.com

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