NEWTON, Mass.--(BUSINESS WIRE)--

Select Income REIT (Nasdaq: SIR) today announced that its subsidiary, Industrial Logistics Properties Trust, or ILPT, has filed a registration statement with the Securities and Exchange Commission, or SEC, for an initial public offering, or an IPO, of common shares. ILPT will own almost all of SIR’s industrial properties located in Hawaii, totaling 226 properties, as well as 40 industrial and logistics properties located in 24 other states. Upon completion of the IPO, it is expected that SIR will continue to own a majority of ILPT’s outstanding common shares.

The joint bookrunning managers listed for this public offering are UBS Investment Bank, Citigroup and RBC Capital Markets.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Copies of the preliminary prospectus relating to the offering may be obtained, when available, from: UBS Securities LLC, Attn: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, telephone: (888) 827-7275, email: [email protected]; Citigroup Global Markets Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (800) 831-9146, email: [email protected]; or RBC Capital Markets, LLC, Attn: Equity Syndicate, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281, telephone: (877) 822-4089, email: [email protected].

WARNING REGARDING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS STATEMENTS THAT CONSTITUTE FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF FEDERAL SECURITIES LAWS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING ILPT’S INTENTION TO CONDUCT AN IPO, THE PROPERTIES THAT ILPT EXPECTS TO OWN AND INVEST IN AND SIR’S EXPECTED OWNERSHIP OF ILPT AFTER THE IPO. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN OR IMPLIED BY SIR’S FORWARD LOOKING STATEMENTS AS A RESULT OF VARIOUS FACTORS. FOR EXAMPLE: THE FACT THAT ILPT HAS FILED A REGISTRATION STATEMENT WITH THE SEC MAY IMPLY THAT ILPT WILL BE ABLE TO SUCCESSFULLY COMPLETE ITS IPO. HOWEVER, ADVERSE CHANGES IN GENERAL ECONOMIC CONDITIONS OR IN THE SECURITIES MARKETS MAY PREVENT ILPT FROM COMPLETING AN IPO. OTHER RISK FACTORS PREVIOUSLY DISCLOSED IN SIR’S PERIODIC REPORTS FILED WITH THE SEC MAY CAUSE THE VALUE OF ANY INVESTMENT IN SIR OR ILPT TO DECLINE. SIR’S FILINGS WITH THE SEC CAN BE FOUND AT THE SEC’S WEBSITE, WWW.SEC.GOV. YOU SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS BY SIR OR ILPT. EXCEPT AS REQUIRED BY LAW, SIR AND ILPT UNDERTAKE NO OBLIGATION TO UPDATE OR CHANGE ANY FORWARD LOOKING STATEMENT AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

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