Page 1

CANADIANNET REAL ESTATE INVESTMENT TRUST Canadian Net Real Estate Investment Trust Fonds de placement immobilier Canadien Net 106 Gun Avenue Pointe Claire , QC , H9R 3X3 ( 450 ) 536-5328 www.cnetreit.com CANADIAN NET REIT ANNOUNCES 2026 SECOND - QUARTER RESULTS REIT also announces monthly distributions for Q4 2026 - Montréal ( Québec ) , August 18 , 2026 - Canadian Net Real Estate Investment Trust ( " Canadian Net " or the " REIT " ) ( TSX - V : NET.UN ) today reported its results for the quarter ended June 30th , 2026 ( " Q2 2026 " ) and distributions for October , November and December 2026 ( " Q4 2026 " ) . " We are pleased to report another quarter of FFO per unit¹ growth , with an increase of 3 % quarter - over - quarter and 2 % year - over - year , " said Kevin Henley , President and CEO . " During the quarter , we continued executing on our strategy by acquiring a single - tenant Bureau en Gros property in Quebec , which closed late in Q2 and will contribute to results starting in the third quarter . Our portfolio remains in excellent shape , with 100 % occupancy maintained and all 2026 lease renewals now completed . As it has throughout our history , our model continues to demonstrate its resilience , delivering consistent growth through disciplined acquisitions , proactive balance sheet management , organic rent growth , and steady mortgage paydown . Looking ahead , our focus is on unlocking further capital to fund future acquisitions and continue building on our organic growth momentum . " RESULTS FOR Q2 2026 Canadian Net reported Funds from operations¹ ( " FFO " ) of $ 3.53 million , or $ 0.171 per unit , an increase of 3 % compared to $ 3.41 million , or $ 0.166 per unit , for the quarter ended June 30 , 2025 ( " Q2 2025 " ) . Rental income was $ 7.11 million in Q2 2026 , an increase of 3.3 % from Q2 2025. Net Operating Income¹ ( " NOI " ) in Q2 2026 was $ 5.11 million , an increase of 1.7 % from Q2 2025 , reflecting mainly the increase in rental income from existing properties . The REIT generated a net income attributable to unitholders of $ 3.5 million in Q2 2026 compared to a net loss of $ 1.4 million in Q2 2025 . RESULTS FOR THE 6 - MONTH PERIOD ENDED JUNE 30 , 2026 Canadian Net reported FFO¹ of $ 6.94 million , or $ 0.337 per unit , an increase of 2 % compared to $ 6.79 million , or $ 0.330 per unit for the 6 - month period ended June 30 , 2025 . Rental income was $ 14.05 million for the 6 - month period ended June 30 , 2026 , an increase of 2.3 % from the same period in 2025. NOI¹ over the 6 - month period ended June 30 , 2026 was $ 10.12 million , an increase of 1.1 % from the same period in 2025 , reflecting mainly an increase in rental income due to property acquisitions and rent increases on existing properties . The REIT generated a net income attributable to unitholders of $ 5.9 million for the 6 - month period ended June 30 , 2026 compared to a net income of $ 8.8 million for the same period last year . The increase in FFO¹ is mainly derived from property acquisitions and increases in rent of certain existing properties , as well as lower interest charges on credit facilities and convertible debentures . The increase in FFO1 was partially offset by higher interest charges on mortgage renewals . The increase in NOI¹ was mainly attributable to the increase in rental income from property acquisitions and rent increases on existing properties . Finally , the variance in net income attributable to unitholders is primarily attributable to the change in the fair value of investment properties . DISTRIBUTIONS 1 Non - IFRS financial measure with no standardized IFRS meaning and may not be comparable to other issuers . Refer to the section " Non - IFRS financial measures " .