Investor Presentation September 2023

Nationwide Industrial-Focused Asset Base 115 properties located across Canada¹ 3 1 26 1 11 84 Industrial 12 2 3 13 16 1 1 2 26 16 Mixed Use Retail 1 (Industrial and Retail) 13 3 Office 2 Industrial Land held for development 1. 2. As of August 29, 2023 Non-IFRS Measure 3. As of June 30, 2023 NEXUS INVESTOR PRESENTATION SEPTEMBER 2023 MB NOI by Geography (2) (3) NWT BC 0.6% QC 1.4% 21.7% AB 27.4% 0.8% NB 4.5% ON 28.7% SK 14.9% NOI by Asset Class (2) (3) Office Retail 5.0% 5.6% Industrial 89.4% Recent acquisitions have been high-quality, well located distribution centres, enhancing the quality of the REIT's industrial-focused portfolio 5

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