CT REIT Announces First Quarter 2020 Results and COVID-19 Business Update

Delivers 3.7% growth in AFFO per unit for the first quarter



96.5% of tenants fulfilled their May 1^st rental obligations



$315 million of liquidity available

TORONTO, MayA 4, 2020 A /CNW/ - CT Real Estate Investment Trust ("CT REIT" or "the REIT") (TSX: CRT.UN) today reported its consolidated financial results for the first quarter ending MarchA 31, 2020. "While our focus remains on the health and safety of our employees, our tenants and their customers and employees, CT REIT's solid Q1 results underscore our strong position coming into the COVID-19 pandemic. Our rent collections, conservative balance sheet and financial flexibility demonstrate our resilience in these uncertain times," said Ken Silver, President and CEO, CT REIT. "We are also continuing to work with those of our tenants who need our help to get through this crisis."Business Update Related to COVID-19 As a result of recommendations by public health officials and restrictions issued by government health authorities due to COVID-19 (coronavirus), tenants representing approximately 6.2% of CT REIT's annual base minimum rent are currently not open to the public.A