Morguard REIT declares March 2007 distribution of 7.5 cents per unit

Mar 15, 2007


    TORONTO, March 15 /CNW/ - Morguard Real Estate Investment Trust (TSX:
MRT.UN) today announced that it has declared a distribution of 7.5 cents per
unit for the month of March 2007. The distribution will be payable on April
13, 2007 to unitholders of record as at March 30, 2007.

    Morguard REIT is a closed-end real estate investment trust, which owns a
diversified portfolio of 66 high quality retail, office and industrial
properties in Canada with an approximate asset book value of $1.2 billion and
approximately 9.5 million square feet of leasable space.

    %SEDAR: 00008756E

For further information:

For further information: K. Rai Sahi, Chief Executive Officer, Morguard
Real Estate Investment Trust, 55 Centre Drive, Suite 1000, Mississauga, ON,
L5B 1M3, (905) 281-4800, Web site: www.morguardreit.com