Pure Industrial Real Estate Trust Announces Cash Distribution for July 2016 and Timing of Release of Q2-2016 Financial Results and Conference Call

VANCOUVER, BC--(Marketwired - July 19, 2016) - 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 July 2016 (equivalent to $0.312 per trust unit on an annualized basis). This distribution will be paid on August 15, 2016 to unitholders of record at the close of business on July 29, 2016.

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 216,261,159 units issued and outstanding.

Timing of Release of Q2-2016 Financial Results and Conference Call

The Trust today also announced that it intends to release its financial results for the three months ended June 30, 2016, after the close of the Toronto Stock Exchange on Friday, August 12, 2016. Management will host the conference call at 1:00 pm (EDT), 10:00 am (PDT), on Monday, August 15, 2016, to review the financial results and corporate developments for the three months ended June 30, 2016.

To participate in this conference call, please dial one of the following numbers approximately 10 minutes prior to the commencement of the call, and ask to join the Pure Industrial Real Estate Trust Conference Call.

Dial in numbers:

Toll free dial in number (from Canada and USA)..........................................1 888 390 0546
International or Local Toronto.......................................................................1 416 764 8688

Conference Call Replay

If you cannot participate on August 15, 2016, a replay of the conference call will be available by dialing one of the following replay numbers. You will be able to dial in and listen to the conference 120 minutes after the meeting end time, and the replay will be available until August 22, 2016.

Please enter the Replay ID# 583608, followed by the # key.

Replay toll free dial in number (from Canada and USA)................................1 888 390 0541
Replay international or local Toronto.............................................................1 416 764 8677

About 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.

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:
Andrew Greig,
Director of Investor Relations

Pure Industrial Real Estate Trust
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: [phone] or [phone]
E-mail: [e-mail]