#1Built for Sustainable Growth and Performance INVESTOR PRESENTATION / OCTOBER 2023 PROREIT CELEBRATING 10 YEARS#2An Industrial-Focused, High-Quality Canadian REIT (TSX: PRV.UN) As at June 30, 2023 $1.06B 6.5M Total Owned Gross Assets Leasable Area (sq. ft.) 10.8M Managed Gross Leasable Area (sq. ft.) 129 Properties4 Across Canada 80.5% Industrial Gross Leasable Area (sq. ft.) 71.9% Industrial 99.0% 4.1 Occupancy Weighted Average Western Canada Ontario Quebec ■■Atlantic Canada Rate¹ Lease Term 26 15 13 75 (years) 8.2% $0.45 12.2% 24.1% 12.0% 51.7% Net Operating Income² Distribution Yield³ Annual Cash Distribution/Unit (100% Tax Deferred- Estimated) % Portfolio breakdown by Gross Leas as at June 30, 2023. › Leasable Area ("GLA") 1 Includes committed space of approximately 182,563 square feet, as at June 30, 2023. The occupancy at June 30, 2023 excludes a retail property and an industrial property totalling 84,000 square feet under redevelopment. 2 Comparison period is the three month period ended June 30, 2022. 3 Distribution yield is calculated as annual distribution per trust unit of $0.45 divided by the closing trust unit price of $5.46 as at August 8, 2023. 4 Of 129 properties, 87 are 100% owned and 42 are 50% owned as at June 30, 2023. PROREITTSX:PRV.UN INVESTOR PRESENTATION / OCTOBER 2023 2#3Our Track Record $635 $990 $1,036 $1,055 $1,058 98.0% 98.6% 98.5% 98.4% $84.5 99.0% $81.8 $21.1 $13.1 $1.7 2020 2021 2022 Q1 Q2 2020 2021 2022 Q1 Q2 2020 2023 2023 2023 2023 2021 2022 Q1 2023 2023 Q2 Total assets ($ Millions) Occupancy rate (including committed space) Net income and comprehensive income ($ Millions) PROREITTSX:PRV.UN Driving growth with cash flow management INVESTOR PRESENTATION / OCTOBER 2023 3#4Building Sustainable Value Our Mission To invest in high-quality commercial real estate and manage properties to high standards, while contributing to the local communities in which we operate through our dedication. to economic, social and environmental sustainability. Our Vision To be a best-in-class pure-play Canadian industrial REIT driven by sustainable growth and value creation. Our Values Integrity Operating our business in a responsible and ethical manner to build trust with our stakeholders Teamwork Working effectively as one team to drive performance for both our tenants and investors Service Excellence Delivering quality service to our tenants, while setting best-in-class standards within our industry Entrepreneurial Growth driven with an institutional mindset, while maintaining an environment of respect, agility and accountability Community Support for the regions where we operate and work PROREITTSX:PRV.UN INVESTOR PRESENTATION / OCTOBER 2023 4#5Our Competitive Advantages PROREITTSX:PRV.UN 01 Strategic positioning in the light industrial sector in Canada Clear strategy for growth and value creation 02 Commitment to sustainable development 03 Financial discipline 05 Seasoned leadership with proven track record INVESTOR PRESENTATION / OCTOBER 2023 5#6Strategic Positioning in the Light Industrial Sector in Canada 01 PROREIT/TSX:PRV.UN INVESTOR PRESENTATION / OCTOBER 2023#7Focused on the Light Industrial Sector in Canada Industrial Sector Advantages / Defensive asset class / Solid and stable fundamentals - Lower market rent volatility - Lower operating costs -High-value, generic-use space - that is highly marketable Broad and diverse tenant base Lower capital expenditures, maintenance, leasehold improvement and tenant inducement costs PROREITTSX:PRV.UN Base Rent by Asset Class As at June 30, 2023 Base Rent by Region As at June 30, 2023 19.8% 9.6% O 70.6% Industrial Retail Office 9.2% 11.9% 28.5% Atlantic Canada Ontario Quebec Western Canada 50.4% INVESTOR PRESENTATION / OCTOBER 2023 7#8Industrial Portfolio Growth Fair Value of Industrial Investment Properties ($ Millions) Industrial Net Operating Income ($ Millions) As at June 30, 2023 $800.2 $779.3 $39.6 $26.9 $20.3 $691.4 ات اللي $328.3 2020 PROREITTSX:PRV.UN 2021 2022 Q2 2023 FY 2020 FY 2021 FY 2022 $10.3 $10.4 Q1 2023 Q2 2023 861 5.22M Industrial Properties GLA (sq. ft.) 99.4% Occupancy Rate² 4.0 Weighted Average Lease Term (years) 1 Of the 86 properties, 44 are 100% owned and 42 are 50% owned. 2 Includes committed space of approximately 161,002 square feet, as at June 30, 2023. INVESTOR PRESENTATION / OCTOBER 2023 8#9Leading Position in the Halifax Industrial Market Halifax's Burnside Industrial Park Overview Halifax's Market Overview Burnside is the largest industrial park north of Boston and east of Montreal, with almost 2,000 enterprises and approximately 30,000 employees. One of Canada's strongest industrial nodes. While investor demand for industrial properties continues to exceed expectations, the Halifax market has remained incredibly tight as a shortage of supply continues to push rental rates upward. Rental Rate Growth By Market | Q1 2022 - Q1 2023 O PROREIT'S 39% Burnside Ownership¹ 9.2M Total Industrial GLA Inventory (sq. ft.) 2.4% Vacancy (Q1 2023) Halifax Total 14% Bedford/Sackville 31% Bayers Lake 2% ↑ 14% Burnside 11% 1 All 41 properties in Burnside are owned jointly with Crestpoint, with each party holding 50%. Source: Colliers Halifax Industrial Market Report, Q1 2023. PROREITTSX:PRV.UN Asking Gross Rent (year-over-year) 202,000 Total industrial net Absorption (sq. ft.) (Q1 2023 ) INVESTOR PRESENTATION / OCTOBER 2023 9#10Our Retail and Office Sectors Retail Portfolio: High-quality community service centres / 66% of base rent from national grocery stores, pharmacies, financial institutions, government and medical offices Operational attributes consistent with the light industrial sector Office Portfolio: Mainly suburban and mixed-use flex office. buildings, outside large metropolitan areas / Low rise buildings less than 100,000 square feet / Capital recycling as no longer a focus area 13.7% 97.8% 4.5 Of Total Portfolio GLA Occupancy Rate Weighted Average Lease Term (years) PROREIT/TSX:PRV.UN 5.8% Of Total Portfolio GLA 95.3% Occupancy Rate 4.3 Weighted Average Lease Term (years) INVESTOR PRESENTATION / OCTOBER 2023 10#11A Fully Integrated Business Model Driving Synergies Internalized wholly-owned property management division, Compass Commercial Realty, is a long-established group operating autonomously from Halifax (headquarters) / Offices in Halifax, Moncton, Montreal, Ottawa and Toronto Increasing Our Reach in the Property Management Space 10.8 10.8 $1.7B Total Value of Managed Properties 71 Compass Employees PROREITTSX:PRV.UN 206 Total Managed Properties 100% Growth 9.9 8.3 6.2 6.3 5.4 129 PROREIT Managed Properties L 2018 2019 2020 2021 2022 Q1 23 Q2 23 Square Feet Managed (Millions) INVESTOR PRESENTATION / OCTOBER 2023 11#12Diversified and Strong Tenant Base Top 10 Tenants As at June 30, 2023 Sobeys & LEONARDO DRS Sysco Versa Cold LOGISTICS SERVICES ribbon SHERWAY WAREHOUSING INC. Government of Canada Rexall ArcelorMittal DCM SURPRISINGLY SIMPLE PROREITTSX:PRV.UN High-Quality Base Rent As at June 30, 2023 68.3% Base Rent from National and Government 27.1% Tenants 35.4% In-place Base Rent from Credit Quality Tenants Accounts Base Rent Top 10 Tenant Accounts INVESTOR PRESENTATION / OCTOBER 2023 12#13A Resilient Portfolio in All Market Conditions Occupancy Rate (Including Committed Space) 99.5% 99.3% 99.2% 99.2% 99.4% 99.0% 98.4% 98.5% 98.6% 98.0% 97.7% 97.5% 97.6% 97.8% 96.9% 95.3% 93.0% 89.5% 92.8% 92.4% 2020 2021 2022 Q1-23 Q2-23 Total Industrial Retail Office PROREITTSX:PRV.UN Low-risk portfolio consistently near 100% occupancy INVESTOR PRESENTATION / OCTOBER 2023 13#14Clear Strategy for Growth and Value Creation PROREIT/TSX:PRV.UN 02 INVESTOR PRESENTATION / OCTOBER 2023 14#15Our Strategy to Generate Value Increase scale through organic and acquisitive growth Build robust pipeline of accretive acquisitions Leverage Crestpoint joint operation1 / Pursue expansion and select modest redevelopment opportunities Nurture existing tenant relationships, ensuring retention and growth Capitalize on asset and property management synergies Focus on light industrial properties in Canada / Continue to focus on high-quality light industrial real estate / Select best locations close to major transportation links and high growth population centres / Focus on multi-purpose space with diversified tenants / Capture opportunities in attractive Canadian cities Optimize balance sheet and capital allocation / Grow AFFO per unit performance / Deploy capital with focus and discipline Maintain consistent distributions Medium-Term Targets (3-5 years)1: $2B in Asset Value 90% Industrial Base Rent 1 Medium-term targets are based on the REIT's current business plan and strategies and are not intended to be a forecast of future results. The medium-term targets contemplate the REIT's historical growth and certain assumptions including but not limited to (i) current global capital market conditions (ii) access to capital (iii) interest rate exposure (iv) availability of high-quality industrial properties for acquisitions (v) dispositions of retail and office properties and (vi) capacity to finance acquisitions on an accretive basis. 1 Refer to slide 16 for details. PROREITTSX:PRV.UN INVESTOR PRESENTATION / OCTOBER 2023 15#16Successful Joint Operation to Increase our Reach Joint operation with Crestpoint Real Estate Investments Ltd. completed on August 4, 2022 to jointly own 42 properties. / Two-portion transaction, immediately accretive to earnings: - PROREIT and Crestpoint each acquired a 50% interest in 21 properties owned by a third party, for a total purchase price of $228M In conjunction with the acquisition, PROREIT sold a 50% interest in 21 of its owned properties to Crestpoint, having a total value of $227M, for total consideration to PROREIT of $113.5M Significant market leasing upside embedded in portfolio PROREIT is sole property manager for entire portfolio and collects approx. $1 million in property management and leasing fees annually. 42 Properties 41 Properties in Halifax's Burnside Industrial Park 1 Property in Moncton, New Brunswick 3.1M Total GLA (sq. ft.) PROREITTSX:PRV.UN INVESTOR PRESENTATION / OCTOBER 2023 16#17Embedded Value in our Portfolio 2023 Renewals Renewed as of Q2 2023 (% GLA) 15.0% 43.2% 5.3 Weighted Avg Estimated Asset Year 1 Average Net Increase Weighted Average Class Lease Term In-Place Net Rent Market Spread Fair Value per Net Rent¹ sq. ft. (years) 85.0% Non-Renewed Tenants Renewed Tenants 90.2% of 2023 Renewals are Industrial 49.6% Year 1 Average Net Increase for Industrial Tenants PROREITTSX:PRV.UN Industrial $8.12 $11.21 38% $153 Retail $14.17 $14.41 2% $178 Office $14.90 $14.99 1% $181 Leased Total $9.31 $11.85 27% $158 1 Based on management's estimates derived from Q2 2023 Colliers, CBRE, Cushman & Wakefield and JLL reports as well as internal appraisal reports. INVESTOR PRESENTATION / OCTOBER 2023 17#18Industrial Leasing Highlights +40% spread vs. prior year 500 NOTREDAME +36% spread vs. prior year 3200 Guénette Street, Ville St. Laurent, QC 66K sq. ft. New Lease 1500 Notre Dame Avenue, Winnipeg, MB 61K sq. ft. New Lease 1400 1400 +102% spread vs. prior year 1400 Commerce Way, Woodstock, ON PROREIT/TSX:PRV.UN +39% spread vs. prior year +29% spread vs. prior year 159 Cleopatra Drive, Ottawa, ON 17K sq. ft. New Lease +115% spread vs. prior year 66K sq. ft. Renewal 611 Ferdinand Boulevard Moncton, NB 63K sq. ft. Renewal 26-28 Topple Drive Dartmouth, NS 34K sq. ft. Renewal INVESTOR PRESENTATION / OCTOBER 2023 18#19Well-staggered Lease Maturity Over Time by Asset Class Staggered Lease Maturities (sq. ft.) 37.0% 16.0% 17.4% 2,232,492 13.4% 13.7% 2.5% 177,567 1,223,570 1,056,347 876,486 790,972 2023 2024 2025 2026 2027 2028 & beyond Industrial Retail Office Base Rent PROREIT/TSX:PRV.UN INVESTOR PRESENTATION / OCTOBER 2023 19#20Our Track Record of Disciplined Capital Allocation 157 acquisitions since inception / $400M in new equity raised since inception Distribution yield of 8.3%1 / 3-year total return of 164.0%2 Monthly distributions since 2014 Total Return to Unitholders 250.0% 200.0% 150.0% 100.0% 50.0% Mar-20 Sep-20 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Jun-23 PROREIT: 164.0% S&P/TSX Composite Index: 98.8% TSX Capped REIT Index: 68.5% 1 Distribution yield is calculated as annual distribution per trust unit of $0.45 divided by the closing trust unit price of $5.46 as at August 8, 2023.. 2 Source: Bloomberg, Market data from the period of March 23, 2020 to June 30, 2023. Total return assumes all distributions are reinvested into new REIT units. Source: Bloomberg, Market data as at June 30, 2023. PROREITTSX:PRV.UN INVESTOR PRESENTATION / OCTOBER 2023 20 20#21Commitment to Sustainable Development PROREIT/TSX:PRV.UN 03 INVESTOR PRESENTATION / OCTOBER 2023 21#22ESG Highlights (From 2022 ESG Report) Environmental Social Governance 14 PROREIT-owned BOMA certified properties 40% PROREIT'S management is comprised of women 75% Board comprised of independent Trustees and all board committees are chaired by an independent Trustee, except investment committee 21% Properties are tracked on ENERGY STAR® Portfolio Manager 63% Employee participation in corporate volunteer program 37.5% Women representation on Board of Trustees 66% Leases contain a sustainability clause 37 Community and industry initiatives supported through donations and sponsorships Implementation of comprehensive cybersecurity platform and measures / 54% of properties tracked for water usage, 28% of properties tracked for gas usage, 26% of properties tracked for waste management / Over 99% of portfolio is located in areas identified as low flood risk / 100% of properties subject to a thorough assessment of all environmental and capital item components prior to acquisition Employee Assistance Program Paid time off for volunteerism Implemented charitable giving policy / Board Diversity Policy / Code of Conduct applicable to all employees, management and Board Whistleblower and Disclosure Policies / ESG Steering Committee responsible for daily management of ESG program Ongoing cybersecurity awareness training / Annual review of long-term strategy to ensure ESG factors are considered Full ESG report available on our website at: Sustainability | PROREIT PROREIT/TSX:PRV.UN INVESTOR PRESENTATION / OCTOBER 2023 22#23Pursuing our ESG Journey Environmental Set target for reduction in energy and waste consumption 85% Properties onboarded to ENERGY STAR® Portfolio Manager 100% Leases contain sustainability clauses Better tracking enables goals to be set to reduce usage Increasing electrical charging stations Increasing LED lighting in all areas of buildings Social 50% Target for PROREIT'S management to be comprised of women 50% Target representation by women across PROREIT Every 2 Years Conduct and complete employee engagement survey Increasing tracking of volunteer hours Increasing tenant engagement initiatives Continuing to prioritize health & safety to keep accidents and lost hours to a minimum Governance 50% Minimum of Board comprised of independent Trustees 30% Minimum of Board comprised of women 100% Target portion of employees to complete ethics and anticorruption training current: management completed Continue to increase diversity on the board, among management and in the workplace / Continue to review and implement practices to support ESG journey, like the Sustainable Travel Policy Full ESG report available on our website at: Sustainability | PROREIT PROREIT/TSX:PRV.UN INVESTOR PRESENTATION / OCTOBER 2023 23#24Ки Financial Discipline PROREIT/TSX:PRV.UN V 04 INVESTOR PRESENTATION / OCTOBER 2023 24#25Q2-2023 Financial Highlights (For the Six Month Period) $1.06B Total Assets 2.3% Net Operating Income Growth $14.8M Net Income and Comprehensive Income 3.9% Same Property NOI Growth 1.2 (Adjusted for Temporary Vacancy) $42M In Available Credit Facility 1 Same Property NOI is a non-IFRS financial measure. See Disclaimer - Non-IFRS Measures. 2 Excludes temporary vacancy in one Montreal property which will be fully- leased for occupancy during Q4 2023. Without the adjustment for the temporary vacancy, Same Property NOI Growth stood at 0.8%. PROREITTSX:PRV.UN V HILLS INVESTOR PRESENTATION / OCTOBER 2023 25#26Q2-2023 Financial Highlights (For the Three Month Period) Same Property NOI1,2 $12.1M $11.6M 3.9% 0.8% Growth Same Property NOI Growth 1,2 (Adjusted for Temporary Vacancy) Q2-2022 Q2-2023 Office Retail Industrial 1 Same Property NOI is a non-IFRS financial measure. See Disclaimer - Non-IFRS Measures. 2 Excludes temporary vacancy in one Montreal property which will be fully- leased for occupancy during Q4 2023. Without the adjustment for the temporary vacancy, Same Property NOI Growth stood at 0.8%. PROREITTSX:PRV.UN Property Revenue Property Operating Expenses Net Operating Income $24.9M $23.7M $14.5M $10.4M $14.3M $9.4M تسال Q2-22 Q2-23 Q2-22 Q2-23 Q2-22 Q2-23 INVESTOR PRESENTATION / OCTOBER 2023 26#27Actively Managed Capital Structure Properties Mortgage Maturities by Years 4.33% 3.42% 4.58% $130.6 3.51% 4.91% $147.2 …..||| $33.8 2023 $25.7 2024 $40.4 2025 2026 $48.8 2027 Thereafter PROREITTSX:PRV.UN Debt Maturing During Year ($ Millions) Weighted Average Interest Rate (%) As at June 30, 2023 3.75% Current Weighted Average Mortgage Interest Rate 3.54% 4.1 Weighted Average Term to Maturity (in years) $42M In Available Credit Facility 1 See "Disclaimer - Non-IFRS measures". INVESTOR PRESENTATION / OCTOBER 2023 27#28Seasoned Leadership with Proven Track Record 05 PROREIT/TSX:PRV.UN 3436 INVESTOR PRESENTATION / OCTOBER 2023 28#29Experienced and Aligned Management and Board. Senior Management Team Gordon G. Lawlor, CPA Co-Founder, President and Chief Executive Officer Alison J. Schafer, CPA Chief Financial Officer and Secretary Deep industry knowledge and expertise in real estate, property management, M&A Board of Trustees James W. Beckerleg Trustee, Chair of the Board and Co-Founder Vincent Chiara Independent Trustee Martin Côté Independent Trustee Shenoor Jadavji Chris Andrea President Compass Commercial Realty Senior Vice President, Property Management PROREIT Zachary Aaron Director, Investments and Asset Management Isabelle Monté Senior Manager, Human Resources and Administration Independent Trustee Gordon G. Lawlor, CPA Trustee, President & CEO and Co-Founder Christine Pound, ICD.D Independent Trustee Deborah Shaffner Independent Trustee Ronald E. Smith, FCPA, FCA, ICD.D Independent Trustee Alignment with unitholders: officers and trustees own or control 3% of outstanding units. PROREITTSX:PRV.UN INVESTOR PRESENTATION / OCTOBER 2023 29#30History of Executing on Our Strategy $6M Total Assets 2013 1 property 2017 →2018 2019 → 66 properties 84 properties 92 properties $635M Total Assets 2019 2020 91 properties PROREIT founded and listed TSX-V:PRO.UN PROREIT/TSX:PRV.UN $69.1M in new equity capital raised Acquisition of property management platform 7 properties acquired $57.6M equity offering Internalization of asset management Graduation to TSX → 2021 → 120 properties 34 acquired industrial properties $50M private placement $83M equity raise $71.4M new mortgage financing 2022 -> 130 properties $1B asset value 130 properties, 6.5M sq. ft. GLA Joint operation agreement with Crestpoint Publication of first ESG report $1.06B Total Assets 2023 129 properties 10-year anniversary New CEO Publication of 2022 ESG Report $35M issuance of unsecured subordinated debentures INVESTOR PRESENTATION / OCTOBER 2023 30#31Why Invest in PROREIT? Industrial-focused portfolio in attractive cities across Canada / Low-risk portfolio with fully-internalized asset and property management / Consistently high occupancy rate and same property growth / Significant value embedded in portfolio Clear strategy for growth and value creation Increase scale - target to reach $2B in asset value in medium term¹ / Focus on high-quality, well-located light industrial properties - target industrial base rent of 90% Optimize balance sheet and capital allocation / Consistent distributions Committed to sustainable development / 14 PROREIT-owned properties are BOMA certified / All acquisition targets subject to thorough assessment of all environmental and capital item components ESG Steering Committee responsible for daily management of ESG Program Financial discipline Stable cashflows with ample liquidity (cash and undrawn portion of credit facility) / Ten years of asset growth while focused on debt reduction / Sound and flexible capital structure, with access to multiple sources of capital Seasoned leadership with proven track record Diversified and independent board / Deep industry knowledge and expertise in real estate, property management, M&A / Ability to identify and build stable, high-quality, low-risk portfolio / Disciplined pursuit of organic and acquisition growth opportunities, as well as strategic partnerships 1 Medium-term targets are based on the REIT's current business plan and strategies and are not intended to be a forecast of future results. The medium-term targets contemplate the REIT's historical growth and certain assumptions including but not limited to (i) current global capital market conditions (ii) access to capital (iii) interest rate exposure (iv) availability of high-quality industrial properties for acquisitions (v) dispositions of retail and office properties and (vi) capacity to finance acquisitions on an accretive basis. PROREITTSX:PRV.UN INVESTOR PRESENTATION / OCTOBER 2023 31#32Disclaimer About this Presentation This presentation is dated August 10, 2023 and is strictly intended to provide general information about PRO Real Estate Investment Trust ("PROREIT") and its business. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of PROREIT. The information in this presentation is stated as at June 30, 2023, unless otherwise indicated. Non-IFRS Measures PROREIT's consolidated financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS"). In this presentation, as a complement to results provided in accordance with IFRS, PROREIT discloses and discusses certain non-IFRS financial measures, non-IFRS ratios and other specified financial measures (collectively, "non-IFRS measures"), including Same Property NOI. These non-IFRS measures are not defined by IFRS and do not have a standardized meaning under IFRS. PROREIT's method of calculating these non-IFRS measures may differ from other issuers and may not be comparable with similar measures presented by other issuers. PROREIT has presented such non-IFRS measures as management believes they are relevant measures of PROREIT's underlying operating and financial performance. For (i) information on the most directly comparable measure that is disclosed in the primary financial statements of PROREIT, as applicable, (ii) an explanation of the composition of the non-IFRS measures, (iii) a description of how PROREIT uses these measures, (iv) an explanation of how these measures provide useful information to management and investors, and (v) a reconciliation of the non-IFRS measures, as applicable, refer to the "Non-IFRS Measures" section of PROREIT's management's discussion and analysis for the three and six months ended June 30, 2023, dated August 9, 2023 (the "Q2 2023 MD&A"), available on PROREIT'S SEDAR+ profile at www.sedarplus.ca, which is incorporated by reference into this presentation. Non-IFRS measures should not be considered as alternatives to net income, cash flows provided by operating activities, cash and cash equivalents, total assets, total equity, or comparable metrics determined in accordance with IFRS as indicators of PROREIT's performance, liquidity, cash flow and profitability. Forward-Looking Information This presentation contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities legislation, including statements relating to certain expectations, projections, growth plans and other information related to PROREIT's business strategy and future plans. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond PROREIT's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Forward-looking statements contained in this presentation include, without limitation, statements pertaining to the execution by PROREIT of its growth strategy and the future financial and operating performance of PROREIT. PROREIT's objectives and forward-looking statements are based on certain assumptions, including that (i) PROREIT will receive financing on favourable terms; (ii) the future level of indebtedness of PROREIT and its future growth potential will remain consistent with the REIT's current expectations; (iii) there will be no changes to tax laws adversely affecting PROREIT's financing capacity or operations; (iv) the impact of the current economic climate and the current global financial conditions on PROREIT's operations, including its financing capacity and asset value, will remain consistent with PROREIT's current expectations; (v) the performance of PROREIT's investments in Canada will proceed on a basis consistent with PROREIT's current expectations; and (vi) capital markets will provide PROREIT with readily available access to equity and/or debt. The forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement. All forward-looking statements in this presentation are made as of the date of this presentation. PROREIT does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors" in PROREIT's latest annual information form and "Risk and Uncertainties" in PROREIT's Q2 2023 MD&A, which are available under PROREIT's profile on SEDAR+ at www.sedarplus.ca. Additional Information Information appearing in this presentation is a select summary of PROREIT's business, operations and results. The latest annual information form of PROREIT and its consolidated financial statements and management's discussion and analysis thereon for the quarter ended June 30, 2023 are available on SEDAR+ at www.sedarplus.ca. PROREITTSX:PRV.UN INVESTOR PRESENTATION / OCTOBER 2023 32