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Skyline Industrial REIT (the “REIT”), a $1.8 billion Guelph, Ontario-based Real Estate Investment Trust (REIT) specializing in industrial warehousing, distribution, and logistics real estate, has announced an increase to its Unit Value. Effective July 11, 2024, the REIT’s Board of Trustees has approved a 1.1% increase in Unit Value for the REIT’s Class A, Class F, and Class I Units from $22.50 to $22.75. The distribution rate for Class A Units will remain unchanged at $1.00 per Unit, while the distribution rate for Class F and Class I Units will increase to $1.0125 per Unit. “The success of Skyline Industrial REIT’s strategy has been historically proven with steady returns since inception, even amid the economic turbulence of the past 12 months—and has translated to Unit Value growth for the REIT,” said Mike Bonneveld, President, Skyline Industrial REIT. “We remain committed to providing our Unitholders with strong and consistent investment performance.” The REIT currently has many development projects underway in some of Canada’s major markets, notably Montreal, Ottawa, and Halifax. It also recently celebrated the near-completion of Rampart III, a 96,700 square foot distribution facility within Edmonton, Alberta’s Rampart Business Park. “By the end of next year, we expect to deliver about three million square feet of new industrial space across Canada,” Bonneveld said. Launched in 2012, the REIT’s portfolio currently comprises more than 9.98 million square feet of industrial space, which is spread across 52 properties in five Canadian provinces.1 Skyline Industrial REIT reports its annualized returns quarterly.2 As of March 31, 2024, its annualized Class A returns are as follows: 1-year: 5.45% 3-year: 16.59% 5-year: 20.03% 10-year: 16.44% Since Inception (2012): 15.15% Skyline Industrial REIT’s Class A Units are available through Skyline Wealth Management, a Canadian investment firm and the preferred Exempt Market Dealer for the REIT. Class F Units (SKY2012) and Class I Units (SKY2012I) for the REIT are available for purchase through Fundserv. 1As of March 31, 2024. 2 The annualized return is based on a single unit initial investment in Skyline Industrial REIT inclusive of unit price changes and reinvested distributions. About Skyline Industrial REIT Skyline Industrial REIT (the “REIT”) is a privately owned and managed portfolio of industrial properties, focused on acquiring warehousing and logistics-centred properties along major highway corridors and transportation routes in Canada. Skyline Industrial REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth Management”), the preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: SKY2012). Skyline Industrial REIT is committed to providing outstanding places to do business and superior service to its tenants, while surfacing value with a goal to deliver stable returns to its investors. To learn more about Skyline Industrial REIT, please visit SkylineIndustrialREIT.ca. To learn about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealthManagement.ca. Skyline Industrial REIT is operated and managed by Skyline Group of Companies. For media inquiries, please contact: Bethany Curtis Manager, Content Marketing and Communications Skyline Group of Companies 5 Douglas Street, Suite 301 Guelph, ON N1H 2S8 519.826.0439 x231

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