NEWS RELEASE January 16, 2012 NORTHERN PROPERTY ANNOUNCES TIMING OF FOURTH QUARTER EARNINGS REPORT

CALGARY, Alberta - January 16, 2012 - Northern Property Real Estate Investment Trust (NPR.UN) will release its fourth quarter earnings on March 13, 2012 to be followed by a conference call on March 14, 2012 at 11:00 a.m. Mountain Time, 1:00 p.m. Eastern Time. Participating on the call will be Mr. B. James Britton (Chair), President & C.E.O., and Mr. David Leiman, Chief Financial Officer.
Investors and analysts are invited to participate in the call by calling 1-888-231-8191 or 647-427-
7450. A recorded playback of the call will be available by calling 416-849-0833 or 1-855-859-
2056, passcode 42527084. The recording will also be available on our website on March 15,
2012.

For additional information, please contact Mr. B. James Britton, President and Chief Executive

Officer, or Mr. David Leiman, Chief Financial Officer, (403) 531-0720.

110, 6131 - 6 Street SE, Calgary, AB T2H 1L9