/EINPresswire.com/ -- TORONTO, ON--(Marketwired - October 14, 2016) - Canadian Real Estate Investment Trust ("CREIT") (TSX: REF.UN) today announced its October 2016 monthly distribution in the amount of 15.25 cents per unit (C$1.83 annualized). The October distribution will be payable on November 14, 2016 to Unitholders of record as at October 31, 2016.

CREIT is a real estate investment trust focused on accumulating and aggressively managing 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, industrial and office properties.