Pure Industrial Real Estate Trust Announces Release of Q1 2010 Financial
Results and Schedules Conference Call

VANCOUVER, May 25 /CNW/ - Pure Industrial Real Estate Trust ("PIRET") (TSXV: AAR.UN) is pleased to announce the release of its financial results for the period ending March 31, 2010.

Q1 2010 Financial Results

The Q1 2010 financial results consist of PIRET's unaudited interim consolidated financial statements for the three months ended March 31, 2010. The results, consisting of PIRET's unaudited interim consolidated financial statements for the three months ended March 31, 2010, and Management's Discussion and Analysis ("MD&A") dated May 21, 2010, are available on SEDAR (www.sedar.com).

Conference Call

Darren Latoski, Acting CEO, and Steve Evans, Acting CFO for PIRET, will host a conference call at 4:30pm (EST), 1:30 pm (PST), on Tuesday, May 25th, 2010, to review the financial results and corporate developments for the period ended March 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)...........1-866-212-4491
    International or Local Toronto...........................1-416-800-1066
    

Conference Call Replay:

If you cannot participate on May 25th, 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 June 1st, 2010.

Please enter the Replay IDNo. 8267907, followed by the No. key.

    
    Replay Dial in number (Toll Free from Canada or the USA)...1-866-583-1035
    International.........................................011-44-208-196-1998
    

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.

TSX Venture Exchange - AAR.UN

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)

For further information: For further information: Darren Latoski, Acting Chief Executive Officer, Andrew Greig, Director of Investor Relations, Pure Industrial Real Estate Trust (PIRET), Suite 910, 925 West Georgia Street, Vancouver, BC, V6C 3L2, Phone: (604) 681-5959 or (888) 681-5959, E-mail: agreig@piret.ca, www.piret.ca


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