Mr. Alexander Sannikov reports

DREAM INDUSTRIAL REIT APPOINTS CHIEF OPERATING OFFICER

Dream Industrial Real Estate Investment Trust has appointed Gord Wadley as the trust's chief operating officer, effective Jan. 1, 2026. In his new role with the trust, Mr. Wadley will be responsible for all aspects of portfolio operations, including property management and leasing.

Mr. Wadley is currently the chief operating officer of Dream Office REIT. He joined the company in 2011 and has held progressively senior positions including vice-president, leasing, and senior vice-president, commercial properties. Prior to joining Dream Office, Mr. Wadley worked in commercial brokerage for CB Richard Ellis, providing commercial representation to corporate clients both domestic and international. Mr. Wadley earned a degree from Acadia University and earned his MBA in real estate leadership from the University of Fredericton, N.B.

"We are excited to have Gord Wadley join the Dream Industrial team as chief operating officer," said Alexander Sannikov, president and chief executive officer of Dream Industrial REIT. "Gord brings a proven track record of operational excellence, strategic leadership and effective execution over many years at Dream that will further strengthen our robust operating platform across our key markets. As we continue to grow our platform and portfolio, Gord's experience and insight will be instrumental in driving efficiencies and delivering value to our shareholders, employees and customers."

"On behalf of Dream Office REIT, I want to express our deep gratitude to Gord for 15 years of exceptional leadership and commitment," said Michael Cooper, chairman and chief executive officer of Dream Office REIT. "Gord played an instrumental role in shaping our strategy, strengthening our operations and building trusted relationships that have been central to our success. We are pleased to see Gord assume a great growth opportunity within the Dream group so that he can continue taking on increasing contributions to the organization and provide seamless transition for Dream Office to the many talented leaders ready to take on more responsibility."

About Dream Industrial Real Estate Investment Trust

Dream Industrial is an owner, manager and operator of a global portfolio of well-located, diversified industrial properties. As at Sept. 30, 2025, the REIT has an interest in and manages a portfolio which comprises 340 industrial assets (552 buildings) totalling approximately 73.2 million square feet of gross leasable area in key markets across Canada, Europe and the United States. The REIT's objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment-grade balance sheet. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust.