Mr. Alexander Sannikov reports

DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST COMPLETES OFFERING OF AN ADDITIONAL C$200 MILLION SENIOR UNSECURED DEBENTURES, SERIES F

Dream Industrial Real Estate Investment Trust has closed its previously announced private placement of senior unsecured debentures, consisting of an additional issuance of $200-million aggregate principal amount of 5.383 per cent senior unsecured debentures, Series F, maturing on March 22, 2028.

The Series F debentures are rated "BBB" with a stable trend by DBRS Ltd. The trust intends to use the net proceeds from the offering to repay existing indebtedness and for general trust purposes.

About Dream Industrial Real Estate Investment Trust

Dream Industrial is an unincorporated, open-ended real estate investment trust. As at Sept. 30, 2023, Dream Industrial owns, manages and operates a portfolio of 322 industrial assets, totalling approximately 70.6 million square feet of gross leasable area, in key markets across Canada, Europe and the United States. Dream Industrial's goal is to deliver strong total returns to its unitholders through secure cash flows underpinned by its high-quality portfolio and an investment-grade balance sheet as well as driving growth in its net asset value and cash flow per unit.

We seek Safe Harbor.