HispanicBusiness

TORONTO, ONTARIO -- (Marketwire) -- 02/19/13 -- This news release contains forward- looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.

DUNDEE INDUSTRIAL REIT (TSX: DIR.UN) today announced its financial results for the three months ended December 31, 2012.

YEAR-END HIGHLIGHTS

Leader in the industrial sector

--  Dundee Industrial REIT has established itself as Canada's largest    industrial REIT--  Balanced portfolio with overweight exposure in Alberta, Saskatchewan and    Nova Scotia--  Poised for growth with national platform and cash on hand

--  Nationally diversified 11.4 million SF portfolio with strong presence in    key markets--  In-place rents 6% below estimated market rents--  96.3% occupancy rate, well ahead of national average--  Multi-tenant properties account for 61% of GLA

--  Funds from operations of $8.5 million or $0.22 per unit--  Adjusted funds from operations of $6.5 million, or $0.17 per unit--  54.3% debt-to-gross book value, 3.6 times interest coverage ratio--------------------------------------------------------------------------------------------------------------------------------------------------------SELECTED FINANCIAL INFORMATION(unaudited)                                              Three Months Ended                                                      ---------------------($000's except unit and per unit amounts)                 December 31, 2012----------------------------------------------------------------------------Investment properties revenue                         $              17,202Net operating income ("NOI") (1)                                     12,535Funds from operations ("FFO") (1)                                     8,452Adjusted funds from operations ("AFFO") (1)                           6,492Investment properties value                                       1,147,410Debt                                                                649,845Per unit data (basic)FFO                                                                    0.22AFFO                                                                   0.17Distributions                                                          0.16Units (period end)REIT Units                                                       36,257,538LP Class B Units, Series 1                                       16,198,747                                                      ----------------------Total number of units                                            52,456,285                                                      ----------------------                                                      ----------------------Portfolio gross leasable area (sq. ft.)                          11,438,195Occupied and committed space                                           96.3%--------------------------------------------------------------------------------------------------------------------------------------------------------See footnotes on page 3