VANCOUVER, May 19, 2016 /PRNewswire/ - Pure Industrial
Real Estate Trust ("PIRET") (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
May 2016 (equivalent to $0.312 per trust unit on an annualized basis).
This distribution will be paid on June 15,
2016 to unitholders of record at the close of business on
May 31, 2016.
The policy of PIRET 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.
PIRET's units are listed on the TSX under the symbol
AAR.UN. PIRET currently has 186,591,159 units issued and
outstanding.
About Pure Industrial Real Estate Trust
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 PIRET is available at www.piret.ca
or www.sedar.com.
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)