Mr. Gordon Lawlor reports

PROREIT COMPLETES ACQUISITION OF FOUR INDUSTRIAL PROPERTIES FOR $21.7 MILLION

Pro Real Estate Investment Trust has completed its previously announced acquisition of a 100-per-cent interest in four industrial properties totalling 164,872 square feet of gross leasable area (GLA) located in Winnipeg, Man., for an aggregate purchase price of $21.7-million (excluding closing costs).

The acquisition was financed through a new eight-year, fixed-rate mortgage financing of approximately $14.1-million bearing interest at 4.95 per cent and approximately $7.6-million of cash on hand from the net proceeds of Pro REIT's equity financing completed on June 10, 2026.

Inclusive of this acquisition, Pro REIT's portfolio is comprises 126 income-producing properties representing approximately 7.4 million square feet of GLA, with the industrial sector representing approximately 93.5 per cent of GLA and 92.1 per cent of annualized base rent.

About Pro Real Estate Investment Trust

Founded in 2013, Pro REIT is a Canadian industrial real estate investment trust that owns and operates a portfolio of high-quality properties. With a presence in strong primary and secondary Canadian markets, Pro REIT is committed to delivering stable cash flow, disciplined growth and long-term value for its unitholders.

We seek Safe Harbor.