Pure Industrial Real Estate Trust Announces Cash Distribution for April 2016

VANCOUVER, April 20, 2015 /CNW/ - 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 April 2016 (equivalent to $0.312 per trust unit on an annualized basis). This distribution will be paid on May 16, 2016 to unitholders of record at the close of business on April 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 186,583,386 units issued and outstanding.

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.

SOURCE Pure Industrial Real Estate Trust (PIRET)

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: [email protected], www.piret.ca