Who are the auditors of PIRET?

The auditors of PIRET are KPMG LLP.

Does PIRET offer a Dividend Reinvestment Program (DRIP)?

No, there is currently no DRIP in place.

When does PIRET release its quarterly financial results?

Financial results are expected to be released in May (first quarter), August (second quarter), November (third quarter) and March (fourth quarter and year end).

What is PIRET's fiscal year-end?

December 31.

What is PIRET's distribution policy?

PIRET currently intends to make an annual cash distribution to unitholders of $0.312 per unit. Monthly distributions are to be paid on or around the 15th day following the end of each month.

How many units are outstanding?

As at April 24 2018, PIRET has 305,880,218 units outstanding.

Where do PIRET's units trade?

Fund units trade on the Toronto Stock Exchange under the ticker symbol AAR.UN (A PIRET says AAR!). You can obtain more information on the Toronto Stock Exchange website www.tsx.com.

How does PIRET source new properties to acquire?

PIRET's extensive brokerage network and relationships with key private and institutional industrial property owners provides unparalleled access to acquisition opportunities across Canada.

What does PIRET look for when acquiring properties?

PIRET targets properties providing stable income and having desirable physical characteristics and location in growth markets, particularly Toronto, Edmonton, Calgary and Vancouver and select markets of the United States. Functionality is a key consideration, including clear height, number of doors, site access and storage capacity, and proximity to major transportation infrastructure. To provide critical mass and economies of scale in our target markets, attention will be focused on assets or portfolios with a value exceeding $20 million.

Why is PIRET focused on industrial real estate?

In recent years, the industrial real estate market has been characterized by strong demand, tight supply, decreasing vacancy rates, increasing rents and decreasing capitalization rates

Industrial real estate has provided strong investor returns over the last 10 years. Industrial returns have demonstrated the least amount of volatility within the real estate sector due to several factors: build-to-suit construction limiting speculative new supply, a broad range of tenants, lower operating costs, lower capital expenditure requirements, lower tenant inducement costs, properties typically operating at close to 100% occupancy and long lease terms for build-to-suit properties.

What is PIRET's business strategy?

PIRET's strategy is based on targeting accretive acquisitions in primary markets in Canada and the U.S.A and maintaining a conservative leverage profile while emphasizing a disciplined approach to managing each of its properties in order to capture their full upside potential.

What is the business of Pure Industrial Real Estate Trust (PIRET)?

PIRET is an unincorporated, open-ended investment trust that owns and operates a diversified portfolio of income-producing industrial properties in leading markets. PIRET is an internally managed REIT that focuses exclusively on investing in industrial properties.