PROREIT Announces Agreements to Acquire 17 Industrial

§ 01 Executive Snapshot

• What: PROREIT announces agreements to acquire two industrial portfolios totaling 17 assets.
• Who: PRO Real Estate Investment Trust (REIT), Collingwood Investments Incorporated, Parkit Enterprise Inc.
• Why it matters: The acquisitions expand PROREIT's industrial presence, enhance portfolio scale, and are expected to be accretive to earnings.

§ 02 Key Developments

• PROREIT is acquiring 17 industrial assets for a combined purchase price of $136.8 million, comprising approximately 773,000 square feet of total GLA.
• The acquisitions will increase total GLA by approximately 12% to 7.2 million, with a significant expansion in Québec of 613,000 square feet.
• The acquisitions are expected to be accretive to AFFO per unit on a leverage neutral basis, enhancing liquidity through repayment of credit facilities.

§ 03 Strategic Context

• The acquisition strategy reflects a disciplined approach to sourcing attractive opportunities within the industrial sector, a market characterized by strong demand fundamentals.
• By increasing its portfolio exposure to the industrial segment to 93% by GLA, PROREIT positions itself to capitalize on growth opportunities in key logistics markets.

§ 04 Strategic Implications

• The immediate consequence is an enhanced scale and diversification of PROREIT's portfolio, potentially leading to increased rental income and market presence.
• Long-term, the acquisitions provide opportunities for leasing and mark-to-market growth, reinforcing PROREIT's growth strategy in the industrial real estate market.

§ 05 Risks & Constraints

• Potential risks include regulatory approvals that may delay the closing of the acquisitions, as well as market fluctuations impacting leasing rates and occupancy.
• Competition in the industrial real estate market could affect the success of future acquisitions and overall portfolio performance.

§ 06 Watchlist / Forward Signals

• The expected closing of the acquisitions is set for the third quarter of 2026, pending customary conditions.
• Future developments signaling success will include the ability to achieve targeted occupancy rates and rental growth in the newly acquired properties.