Canadian REIT announced that at its annual unitholders' meeting held on May 16, 2013, appointed Andrew L. Hoffman as trustee to hold office until the next annual meeting of unitholders or until their successors are elected or appointed.

Canadian REIT announced its May 2013 monthly distribution in the amount of 13.75 cents per unit (CAD 1.65 annualized). The May distribution will be payable on June 14, 2013 to unitholders of record May 31, 2013.

Canadian REIT announced consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported funds from operations (FFO) of $46.7 million or $0.68 per unit compared to $43 million or $0.64 per unit for the same period in 2012, an increase of 6.3%. The increase in FFO for the three months ended March 31, 2013 over the three months ended March 31, 2012 is a result of transaction activities, improvements in same-asset performance and higher interest income from the mezzanine financing program. Net income was $19.8 million or $0.29 per unit against $22.0 million or $0.33 per unit reported last year. Income before the disposition of investment properties, property acquisition costs, foreign currency gain (loss) and income taxes was $19.6 million against $15.4 million reported last year. The company announced an increase in distributions for the second time in the year 2013. The distribution will increase to $1.65 per unit per annum (from $1.55 currently) effective for the May record date. In total, CREIT's annualized distribution has increased by $0.16 per unit, or 10.7%, since the beginning of 2013 (from $1.49 to $1.65 per unit). Notably, CREIT has increased its distribution to unit holders every year since 2002.