Pure Industrial Real Estate Trust Announces Release of Fiscal 2010 Financial Results, Schedules Conference Call and Announces Cash Distribution for March 2011

Mar 15, 2011, 20:11 ET from Pure Industrial Real Estate Trust (PIRET)

VANCOUVER, March 15 /PRNewswire-FirstCall/ - Pure Industrial Real Estate Trust ("PIRET") (TSXV: AAR.UN) is pleased to announce the release of its financial results for the period ending December 31, 2010.

Q4 2010 Financial Results

The 2010 financial results consist of PIRET's audited consolidated financial statements for the three months and year ended December 31, 2010. Please refer to PIRET's audited consolidated financial statements dated March 15th, 2011, and PIRET's MD&A dated March 15, 2011.

Conference Call

Darren Latoski, Acting CEO, Steve Evans, Acting CFO, and Scott Hayes, COO, will host a conference call at 4:30pm (EST), 1:30pm (PST), on Wednesday, March 16th, 2011, to review the financial results and corporate developments for the period ended December 31st, 2010.

To participate in this conference call, please dial one of the following numbers approximately 10 minutes prior to the commencement of the call, and ask to join the PIRET conference call.

Dial in numbers:

Toll free dial in number (from Canada and USA)………....1-866-696-5910
International or local Toronto……………………….….….1-416-340-2217
Passcode…………………………………………………….….….4094950

Conference Call Replay:

If you cannot participate on March 16th, a replay of the conference call will be available by dialing one of the following replay numbers. You will be able to dial in and listen to the conference 60 minutes after the meeting end time, and the replay will be available until March 30th, 2011.

Please enter the Replay ID# 4094950, followed by the # key.

Replay dial in (Toll free from Canada or the USA)….…….…..1-800-408-3053
International or local Toronto……………….………………1-416-340-2217

Distribution

In addition, PIRET today announced that its Board of Trustees has approved a cash distribution of $0.025 per trust unit for the period from March 1, 2011 to March 31, 2011 (equivalent to $0.30 per trust unit on an annualized basis). This distribution will be paid on April 15, 2011 to unitholders of record at the close of business on March 31, 2011.

The policy of Pure Industrial Real Estate 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. PIRET currently has 35,766,263 units issued and outstanding.

PIRET's units are listed on the TSX Venture Exchange under the symbol AAR.UN. For more information on PIRET, visit our website at www.piret.ca or visit www.sedar.com.

About Pure Industrial Real Estate Trust (PIRET)

PIRET is an unincorporated, open-ended investment trust established for the purposes of acquiring, owning and operating a diversified portfolio of income-producing industrial properties in primary markets across Canada.  PIRET focuses exclusively on investing in industrial properties and is the only publicly traded vehicle in Canada that offers investors exclusive exposure to Canada's industrial asset class. 

About the 2011 TSX Venture 50

The 2011 TSX Venture 50 is comprised of ten companies from each of five sectors: Clean Technology, Mining, Oil & Gas, Diversified Industries, and Technology & Life Sciences. The 2011 TSX Venture 50 companies were chosen based on the following criteria, with equal weighting assigned to each: share price appreciation, trading volume, market capitalization growth and analyst coverage. PIRET was selected to the 2011 TSX Venture 50 in the Diversified Industries category.

THE TSX VENTURE 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)