Pure Industrial Real Estate Trust Announces Release of Q2 Financial Results and Schedules Conference Call



    VANCOUVER, Aug. 18 /CNW/ - Pure Industrial Real Estate Trust ("PIRET")
(TSXV: AAR.UN) is pleased to announce the release of its financial results for
the three months ended June 30, 2008. The results, consisting of PIRET's
unaudited interim consolidated financial statements for the six months ended
June 30, 2008, and Management's Discussion and Analysis ("MD&A") dated
July 23, 2008, are available on SEDAR (www.sedar.com).

    Financial Highlights

    The following discussion is based on certain unaudited interim financial
and operating results of PIRET for the six months ended June 30, 2008. Please
refer to PIRET's MD&A dated July 23, 2008 for further information.
    During the period from January 1 to June 30, 2008, PIRET earned net
income of $608,422 from 18 properties, with an indebtedness ratio of 60% and a
distribution payout ratio of 84%. PIRET also maintains a very low cost
structure, with trust expenses representing 3.5% of rental income for the six
months ended June 30, 2008.

    Conference Call

    Darren Latoski, Trustee for PIRET, will host a conference call at 1:30pm
(PST), 4:30pm (EST), on Monday, August 18th, 2008, to review the financial
results and corporate developments for the six months ended June 30, 2008.
    To participate in this conference call, please dial one of the following
numbers approximately 10 minutes prior to the commencement of the call, with
the participant pass-code 91823 followed by the No. key.

    
    Vancouver.................................................604-899-4201
    Calgary...................................................403-269-4703
    Edmonton..................................................780-429-3832
    Toronto...................................................416-883-7132
    Ottawa....................................................613-212-0152
    Montreal..................................................514-798-1229
    International.............................................403-269-4703
    Toll-free (from Canada and the USA).......................1-888-205-4499
    

    If you are unable to participate, a replay will be available 60 minutes
after the meeting end time, until midnight, September 20, 2008, by dialing one
of the following numbers with the conference reference number 670298 followed
by the No. key.

    
    Calgary or International..................................403-205-4531
    Toll-free (Canada and the USA)............................1-877-245-4531
    

    We look forward to having you participate in our call.
    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.

    
    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 both primary and secondary 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.
    Additional information about PIRET is available at www.piret.ca or
www.sedar.com.

    
    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
    





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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