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Pure Industrial Real Estate Trust Announces Cash Distribution for February 2017

VANCOUVER, BC--(Marketwired - February 16, 2017) - Pure Industrial Real Estate Trust (the "Trust") (TSX: AAR.UN) today announced that its Board of Trustees has approved a cash distribution of $0.026 per trust unit for the month of February 2017 (equivalent to $0.312 per trust unit on an annualized basis). This distribution will be paid on March 15, 2017 to unitholders of record at the close of business on February 28, 2017.

The policy of the Trust is to pay cash distributions on or about the 15th day of each month to the unitholders of record on the last business day of the preceding month.

The Trust's units are listed on the TSX under the symbol AAR.UN. The Trust currently has 245,680,968 units issued and outstanding.

About Pure Industrial Real Estate Trust ("PIRET")

The Trust is an unincorporated, open-ended investment trust that owns and operates a diversified portfolio of income-producing industrial properties in leading markets across Canada and key distribution and logistics markets in the United States. The Trust is an internally managed REIT and is one of the largest publicly-traded REITs in Canada that offers investors exposure to industrial real estate assets in Canada and the United States.

Additional information about the PIRET is available at www.piret.ca or www.sedar.com.

Toronto Stock Exchange - AAR.UN

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

For more information please contact:
Sylvia Slaughter
Director, Investor Relations
(416) 479-8590 Ext 267
E-mail: [email protected]

Pure Industrial Real Estate Trust

Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (888) 681-5959
www.piret.ca

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