American Financial Realty Trust Announces Tax Treatment of 2005 Distributions.

JENKINTOWN, Pa. -- American Financial Realty Trust (NYSE:AFR) announced the tax treatment of its 2005 distributions. Distributions are broken down by record date, as follows:

Distribution Information Applied to Common Shares Outstanding.(1)
----------------------------------------------------------------------
                               Income/    Long  Return of
                              Ordinary    Term    Capital         Cash
                             Dividends Capital     (non-  Distribution
Record Date    Payable Date  (taxable)    Gain   taxable)    Per Share
----------------------------------------------------------------------
December 31,   January 20,    $0.0152  $0.0059   $0.2389      $0.26
   2004           2005
----------------------------------------------------------------------
  April 4,      April 18,     $0.0158  $0.0061   $0.2481      $0.27
    2005          2005
----------------------------------------------------------------------
  July 4,       July 15,      $0.0158  $0.0061   $0.2481      $0.27
    2005          2005
----------------------------------------------------------------------
 October 3,    October 17,    $0.0158  $0.0061   $0.2481      $0.27
    2005          2005
----------------------------------------------------------------------
December 31,   January 18,      $0.00    $0.00     $0.00      $0.27
   2005(2)        2006
----------------------------------------------------------------------

(1) Distribution information applies to CUSIP Nos. 02607P206 and
    02607P305.
(2) The Company paid a dividend of $0.27 per share on January 18,
    2006, to shareholders of record on December 31, 2005. This
    dividend will be included as taxable income in tax year 2006.

There were no qualified distributions.

Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of American Financial Realty Trust distributions.

About American Financial Realty Trust

American Financial Realty Trust is a self-administered, self-managed real estate investment trust that acquires properties from, and leases properties to, regulated financial institutions. The Company owns and manages its assets primarily under long-term triple net and bond net leases with banks. The Company is traded on the New York Stock Exchange under the ticker symbol AFR.

For more information on American Financial Realty Trust, visit the Company's website at www.afrt.com.