Mr. Gordon Lawlor reports

PROREIT COMPLETES $107.3 MILLION EQUITY FINANCING INCLUDING $83.3 MILLION BOUGHT DEAL AND $24.0 MILLION CONCURRENT PRIVATE PLACEMENT

Pro Real Estate Investment Trust has closed its previously announced public offering of trust units of the REIT on a bought deal basis. Pursuant to the offering, the REIT issued 12,822,500 units at a price of $6.50 per unit for total gross proceeds of $83,346,250, including 1,672,500 units issued pursuant to the full exercise of the overallotment option granted to the underwriters.

Concurrently with the closing of the offering, the REIT completed a non-brokered private placement pursuant to which it issued an aggregate of 3,693,670 units at the offering price for total gross proceeds of $24,008,855, of which 2,924,439 units were issued to Collingwood Investments Inc., a member of the Bragg group of companies, and 769,231 units were issued to Parkit Enterprise Inc.

The offering was conducted through a syndicate of underwriters, including TD Securities Inc. and Scotiabank as joint bookrunners, as well as BMO Nesbitt Burns Inc., National Bank Financial Inc., Canaccord Genuity Corp., CIBC World Markets Inc., RBC Dominion Securities Inc., Raymond James Ltd., Desjardins Securities Inc., iA Private Wealth Inc. and Leede Financial Inc.

The units issued under the offering were issued pursuant to a prospectus supplement dated June 5, 2026, to the REIT's base shelf prospectus dated Dec. 23, 2025, filed with securities regulatory authorities in all provinces and territories of Canada. A copy of the prospectus supplement and the base shelf prospectus is available under the REIT's profile on SEDAR+.

As a result of the closing of the offering and the private placement, Collingwood Investments and Parkit Enterprise have a voting and economic interest in the REIT of approximately 17.7 per cent (17.9 per cent with a related party) and 9.4 per cent, respectively.

The REIT intends to use the net proceeds from the offering and the private placement to partially finance the acquisitions (as previously announced and as defined in the prospectus supplement) and to repay certain indebtedness some of which may be subsequently redrawn, and the balance to finance future acquisitions and for general business and working capital purposes.

For more information on the offering, the private placement, Pro REIT's intended use of the net proceeds of the offering and the private placement, and the acquisitions, please refer to the prospectus supplement. The acquisitions are subject to customary closing conditions, including with respect to regulatory approvals, and are expected to close in the third quarter of 2026.

About Pro Real Estate Investment Trust

Founded in 2013, Pro REIT is a Canadian industrial real estate investment trust that owns and operates a portfolio of high-quality properties. With a presence in strong primary and secondary Canadian markets, Pro REIT is committed to delivering stable cash flow, disciplined growth and long-term value for its unitholders.

We seek Safe Harbor.