Firm Capital Property Trust Announces the Sale of Its 50% Interest in a 159,470 Square Foot Industrial Building Located in Montreal for $27.9 Million

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Toronto, March 25, 2025 (Globe Newswire) – Capital Property Trust (FCPT“or”Confident() (TSX: FCD.UN) I am pleased to announce that the Montreal joint industrial portfolio (“Industrial Montreal JV() A binding agreement was concluded to sell 100 % interest in one tenant, and 159,470 feet square industrial facilities for the total revenue of about 27.9 million dollars (27.5 million dollars of closing costs). It is expected that the second part of the second quarter of 2025 is expected to be.

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Property details
The property has confidence in Montreal Industration JV 50/50 since 2018 and was originally purchased for $ 11.0 million (100 % ownership). The property is currently implemented on the TRST public budget at the value of IFRS of about $ 12.5 million for its interest by 50 %. TRUST's property director was re -leasing the property after the former tenant announced his bankruptcy last year. The sale reduces the exposure of confidence to the great tenants and allows confidence to re -invest the capital to multi -tenant industrial units in a smaller bay.

The insurance fund expects to use part of the net revenues (the net ie associated mortgage payment) to pay debts on rotating credit facilities and then, to finance future acquisitions in the following sectors: (1) retail filled with groceries, (2) multi -developing, and (III) multiple residential rents, which are less exposed to the influence of the United States.

Based on the original purchase price, Montreal Industrial JV will achieve a gain for about $ 16.0 million ($ 8.0 million to confidence in its ownership by 50 %). As such, TRST expects that the sale of the capital gains will increase from its distribution of 2025 by about $ 0.18 per unit of confidence compared to a total of $ 0.08 per unit of confidence in 2024.

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More information about confidence can be found by choosing a confidence link in Capital Capital www.firamcital.com.

About Capital Property Trust (TSX: FCD.UN)

Capital Property Trust focuses on creating a long -term value for other panels, by maintaining the capital and disciplined investment to achieve a stable distribution. In partnership with the leaders of the administration and industry. The TRST plan is to own a variety of diverse properties of multi -demonstration, flexible industrial retail, and net lease. In addition to accumulated acquisitions on its own, confidence will make joint acquisitions with strong financial partners and acquisitions of partial interests from the current ownership groups, in a way that provides liquidity for the owners of sales and the professional administration of those remaining as partners. Capital Realty Partners Inc. , Through a structure that focuses on the alignment of interests with sources of trust, posts, property and assets that manage investments on behalf of the investment fund.

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Information looking forward

This press statement may contain aspective data. In some cases, aspiration data can be identified by using words such as “May”, “Will”, “ANSHS”, “expectation”, “plan”, “expectation”, “sincerity”, “appreciation”, “prediction”, “capabilities”, “follow -up” and “continuity”, and discussions of strategies that involve the risks and uncertainty. Approx data is based on some of the main expectations and assumptions that confidence has set. By its nature, aspiration data involves the many assumptions, inherent risks and doubts, which do not contribute to the possibility of non -predictions, forecasts, expectations and various future events. Although confidence management believes that reflected expectations in aspiration data are reasonable, there can be no guarantee that future results, activity, performance, or achievements will happen as expected. The fund or any other person does not bear the responsibility for the accuracy and completion of any aspective data, and no one is on any commitment to updating or reviewing any aspecting statement, whether as a result of new information, future events or these other factors that affect this information, except for what is required under the law.

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This press statement should not constitute an offer for sale or request for an offer to purchase, which may not be submitted except through the bulletin, and there should not be any sale of units in any state, boycott, or other judicial mandate in which this offer, petition or illegal sale before registration or qualification under the laws of securities in any other case or boycott. The Capital Property Trust units were not the company, and will not be registered under the 1933 US Securities Law, in its amended form, and it may not be submitted, sold or delivered in the United States in the absence of a request to exempt from registration requirements in US Securities Laws.

TSX nor the regulatory services provider (as specified in TSX policies) accepts the sufficiency or accuracy of this version.

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