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Calloway Real Estate Investment Trust CALLOWAY REAL ESTATE INVESTMENT TRUST Supplemental Information Package For the three months ended June 30, 2006 Calloway Real Estate Investment Trust 700 Applewood Crescent, Suite #200 Vaughan, ON, L4K 5X3 Tel: (905) 326-6400 Fax: (905) 326-0783 www.callowayreit.com Calloway Real Estate Investment Trust June 2006 Supplemental Information Package Index General Information .......................................................................................................................................................2 Distribution Reinvestment Plan......................................................................................................................................3 Distribution History.........................................................................................................................................................3 Average Unit Trading Price............................................................................................................................................4 Average Daily Volume of Units Traded..........................................................................................................................4 Market Capitalization Summary .....................................................................................................................................4 Annualized Gross Rental Revenue by Province ............................................................................................................5 Area by Province............................................................................................................................................................6 Individual Property Summary.........................................................................................................................................7 Top 25 Tenants by Gross Revenue .............................................................................................................................12 Lease Expiration Schedule ..........................................................................................................................................13 Area by Age .................................................................................................................................................................14 List of Figures Figure 1: Annualized Gross Revenue by Province........................................................................................................5 Figure 2: Area by Province............................................................................................................................................6 Figure 3: Area by Age .................................................................................................................................................14 1 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package General Information Stock Exchange Listing: The Toronto Stock Exchange (TSX) Trading Symbols: Trust Units CWT.UN 6.0% Convertible Debentures CWT.DB Corporate Office: Calloway Real Estate Investment Trust 700 Applewood Crescent, Suite #200 Vaughan, ON, L4K 5X3 Canada Tel: (905) 326-6400 Fax: (905) 326-0783 Senior Management: Simon Nyilassy President and CEO Marc Charlebois Chief Operating Officer Bart Munn Chief Financial Officer Transfer Agent & Registrar: Computershare Share Trust Company of Canada 100 University Avenue, 9 th Floor Toronto, ON, M5J 2Y1 Auditor: PricewaterhouseCoopers LLP 5700 Yonge Street, Suite 1900 Toronto, Ontario, M2M 4K7 Legal Counsel: Shea Nerland Calnan 1900, 715 - 5 th Avenue SW Calgary, AB, T2P 2X6 2 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package Distribution Reinvestment Plan Unitholders who elect to participate will have their monthly cash distributions automatically reinvested in units of Calloway at a price equal to 97% of the average TSX market price over the 10 business days preceding the monthly distribution date. Calloway’s DRIP will be administered by Computershare Trust Company of Canada. Interested unitholders can also obtain an information package and the necessary registration forms from, or direct any inquiries/concerns regarding the DRIP to, Computershare Trust Company of Canada via telephone at 1-800-564-6253 or via mail at: Calloway Real Estate Investment Trust c/o Computershare Trust Company of Canada 100 University Avenue, 9 th Floor Toronto, ON, M5J 2Y1 Canada Attention: Dividend Reinvestment Department Distribution History Per unit, paid monthly 2006 2005 2004 2003 2002 January $0.12083 $0.10500 $0.09590 $0.09590 n/a February 0.12083 0.10500 0.09590 0.09590 n/a March 0.12083 0.10500 0.09590 0.09590 n/a April 0.12083 0.11333 0.10000 0.09590 n/a May 0.12083 0.11333 0.10000 0.09590 n/a June 0.12083 0.11333 0.10000 0.09590 n/a July 0.11333 0.10500 0.09590 n/a August 0.12083 0.10500 0.09590 n/a September 0.12083 0.10500 0.09590 n/a October 0.12083 0.10500 0.09590 n/a November 0.12083 0.10500 0.09590 $0.09590 December 0.12083 0.10500 0.09590 0.09590 TOTAL $0.72498 $1.37247 $1.21770 $1.15080 $0.19180 3 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package Average Unit Trading Price 2006 2005 2004 2003 2002 1st Quarter $25.50 $18.64 $15.28 $9.52 n/a 2nd Quarter 24.42 20.06 14.71 9.59 n/a 3rd Quarter 23.27 15.98 10.46 n/a 4th Quarter 23.25 17.60 12.45 9.77 YTD/Annual 25.01 21.93 15.73 11.04 9.77 Closing trading price at $24.45 $23.74 $18.75 $13.75 $9.85 end of period Average Daily Volume of Units Traded 2006 2005 2004 2003 2002 1st Quarter 176,988 60,368 123,268 5,170 n/a 2nd Quarter 149,869 67,421 87,914 8,868 n/a 3rd Quarter 114,186 92,322 26,003 n/a 4th Quarter 129,654 64,560 25,145 24,918 ANNUAL 163,535 92,789 92,140 16,296 24,918 Market Capitalization Summary Total Units Date Share Price per Unit Market Capitalization Outstanding (1) June 30, 2006 80,722,245 $24.45 $1,973,658,890 March 31, 2006 70,549,638 $26.50 $1,869,565,407 December 31, 2005 69,549,090 $23.74 $1,651,095,397 December 31, 2004 33,263,171 $18.75 $623,684,456 December 31, 2003 11,297,692 $13.75 $155,343,265 December 31, 2002 5,951,535 $9.85 $58,622,620 (1) includes Calloway Limited Partnership Class B LP and LPII units 4 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package Geographical Distribution Annualized Gross Rental Revenue by Province Province Gross Revenue Ontario 48.97% Quebec 15.24% British Columbia 11.87% Alberta 6.87% Manitoba 5.34% Newfoundland 3.85% Saskatchewan 3.46% Nova Scotia 2.02% New Brunswick 1.48% Prince Edward Island 0.90% Total 100.00% Annualized Gross Rental Revenue by Province 60% 50% 40% 30% 20% 10% 0% ia o ari berta itoba t lumb l hewan n o A c O Quebec Man kat as Nova Scotia ritish C S New Brunswick Newfoundland B Prince Edward Island Figure 1: Annualized Gross Revenue by Province 5 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package Area by Province Province Area % Ontario 7,267,011 45.32% Quebec 2,601,535 16.23% British Columbia 2,006,166 12.51% Alberta 1,183,773 7.38% Manitoba 808,920 5.05% Newfoundland 775,312 4.84% Saskatchewan 592,711 3.70% Nova Scotia 342,671 2.14% New Brunswick 266,476 1.66% Prince Edward Island 188,955 1.18% Total 16,033,530 100.00% Area by Province 50% 40% 30% 20% 10% 0% a a ck a rt an ba rio i e w o and ta ebec sw coti sl he n u n S I olumbi Alb tc O Q a C Manit ka Bru ov sh N ti dward Sas New E Newfoundland Bri ce n Pri Figure 2: Area by Province 6 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package Individual Property Summary (June 30, 2006) Owned Owned Rentable Non-Owned Asset Location Occupancy Anchors and Major Tenants Rentable Area Anchor Area (1) Anchor Area (1) Retail Properties British Columbia Bakerview Power Centre Abbotsford, BC 96.36% 91,267 43,088 - Sears, Home Outfitters Courtenay Wal-Mart Centre Courtenay, BC 95.42% 232,728 106,642 - Wal-Mart, Winners, Staples, Future Shop Cranbrook Wal-Mart Centre Cranbrook, BC 100.00% 135,540 107,158 185,556 Wal-Mart, Real Canadian Superstore*, Reitmans Dawson Creek Wal-Mart Centre (2) Dawson Creek, BC 0.00% - - 86,029 Wal-Mart* Kamloops Wal-Mart Centre Kamloops, BC 100.00% 217,252 128,609 42,161 Wal-Mart, Save on Foods*, Michaels, Pier 1 Imports Langley Wal-Mart Centre Langley, BC 100.00% 327,177 207,051 172,161 Wal-Mart, Home Outfitters, Home Depot*, Best Buy New Westminster Wal-Mart Centre New Westminster, BC 100.00% 296,206 131,770 - Wal-Mart, Home Outfitters, Best Buy Prince George Wal-Mart Centre Prince George, BC 100.00% 187,045 133,020 204,247 Wal-Mart, Canadian Tire*, Home Depot*, Reitmans Quesnel Wal-Mart Centre (2) Quesnel, BC 0.00% - - 82,316 Wal-Mart* Vernon Wal-Mart Centre Vernon, BC 95.30% 204,259 107,655 50,300 Wal-Mart, Rona*, Future Shop, Value Village Penticton Power Centre Penticton, BC 98.20% 201,948 110,795 - Zellers, Winners, Staples Subtotal British Columbia 98.56% 1,893,422 1,075,788 822,770 Alberta Calgary Southeast Wal-Mart Centre Calgary, AB 100.00% 215,301 169,079 - Wal-Mart, London Drugs, Mark's Work Wearhouse Crowchild Corner Calgary, AB 100.00% 23,377 - - Remax Calgary Sunridge Centre Calgary, AB 100.00% 51,060 - 347,401 Zellers*, HBC*, Sport Chek*, Future Shop, Petland Edmonton Northeast Wal-Mart Centre Edmonton, AB 100.00% 227,059 130,718 - Wal-Mart, Michaels, Mark's Work Wearhouse Namao Centre Edmonton, AB 100.00% 33,598 - 50,000 Shoppers Drug Mart Lethbridge South Wal-Mart Centre Lethbridge, AB 100.00% 190,943 128,477 95,000 Wal-Mart,
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