Crombie Reit announces monthly distribution

STELLARTON, NS, Jan. 22 /CNW/ – Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.0667 per unit for the period from January 1, 2007 to and including January 31, 2007. The distribution will be payable on February 15, 2007 to unitholders of record as at January 31, 2007.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties in Ontario and Western Canada. Crombie REIT currently owns a portfolio of 48 commercial properties in six provinces, comprising approximately 7.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com.

Contact: please contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie REIT, (902) 755-8100