PRO Real Estate Investment Trust (PRV-UN) Investor presentation summary

Portfolio overview and growth

• Owns 126 properties across Canada with $1.3B in total assets and 7.2M sq. ft. of gross leasable area as of June 30, 2026.

• Achieved 6.5% net operating income growth in Q2 2026 and maintains a 95% occupancy rate.

• 93.3% of gross leasable area is industrial, with a focus on light industrial assets in primary and secondary Canadian markets.

• Completed 21 industrial property acquisitions in Québec City and Winnipeg in 2026, expanding scale and diversification.

• 5-year total return of 49.7%, with monthly distributions since 2014 and a current yield of 6.6%.

Strategic positioning and competitive advantages

• Focuses on defensive, stable light industrial sector with low rent volatility and operating costs.

• Portfolio includes small- and mid-bay properties, with 70% multi-tenant and 65% under 150K sq. ft.

• Holds a leading position in Halifax’s Burnside Industrial Park and is the second-largest industrial landlord in Winnipeg.

• Embedded rent growth opportunities and high renewal spreads, with 82.6% of 2026 GLA renewed at a 36.8% positive average spread.

• Internalized property management division manages $1.8B in assets and 11.1M sq. ft.

Financial discipline and capital management

• Q2 2026 saw 7.7% property revenue growth and 6.1% FFO growth year-over-year.

• Reduced total debt to total assets to 47.4% as of June 30, 2026.

• Raised $107.3M in equity financing and completed $170.8M in industrial acquisitions year-to-date.

• Actively recycles capital through strategic dispositions and redeploys into higher-growth industrial assets.

• All 2026 mortgage maturities refinanced or committed, with $109.1M available through credit facilities.