Robust leasing activity with 1.4 million sq. ft. of new and renewed leases with new leasing spread of 9.2% and blended leasing spread of 5.4%; Continued improvements in committed occupancy to 96.1% up 30 bps from Q1 2021; Net income of $145.3 million, an improvement over the same period last year; FFO/unit improved to $0.40 from… [Read More]
Firm Capital Property Trust Announces the Acquisition of a 50% Interest in 242 Unit Condominium Manufactured Housing Community for $10.7 Million
TORONTO, Aug. 04, 2021 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust“) (TSXV: FCD.UN) is pleased to announce the acquisition of a 50% interest in a 242 condominium unit Manufactured Housing Community (“MHC”) named Hidden Creek Condominium (“Hidden Creek” or the “Property”) located in McGregor, Ontario. The acquisition price for 100% of… [Read More]
Colliers Reports Robust Second Quarter Results
Strong momentum prompts further increase to 2021 financial outlook Operating highlights: Three months ended Six months ended June 30 June 30 (in millions of US$, except EPS) 2021 2020 2021 2020 … [Read More]
RioCan and BentallGreenOak expand on strategic partnership with agreement to co-invest in a GTA-based portfolio
TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) and BentallGreenOak announced the expansion of their strategic partnership, with a new joint venture in a three-property portfolio based in the Greater Toronto Area. An agreement signed by both firms would position new investment capital from BentallGreenOak… [Read More]
Allied Announces Pricing of $500 Million Green Bond Offering
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (TSX:AP.UN) (“Allied”) announced today that it has priced its previously announced offering, and has agreed to issue $500 million aggregate principal amount of series I senior unsecured… [Read More]
Allied Announces Launch of $500 Million Green Bond Offering
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (TSX:AP.UN)(“Allied”) announced today that it has launched an offering of $500 million aggregate principal amount of series I senior unsecured debentures (the “Debentures”). The Debentures are being… [Read More]
Notice of Timbercreek Financial Q2 2021 Results Conference Call
TORONTO, July 29, 2021 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today it will host a conference call to discuss its 2021 second quarter financial results on August 6, 2021 at 1:00 p.m. EDT. The Company will issue its second quarter financial results before market opens on August 6, 2021. Q2 2021… [Read More]
Colliers to issue US$150 million and €125 million of senior unsecured notes
Already-strong balance sheet further reinforced by long-term, attractively priced notes due 2031 TORONTO, July 28, 2021 (GLOBE NEWSWIRE) — Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers”) announced today that it has entered into a note purchase agreement to issue US dollar and Euro fixed rate senior unsecured notes (the “Notes”), consisting of US$150… [Read More]
StorageVault Completes Purchase of Two GTA Storage Assets for $8.2 Million
TORONTO, July 28, 2021 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that, further to its March 3, 2021 (all transactions from this news release are now closed) and July 8, 2021 news releases, it has completed the acquisition of two stores in the GTA from two vendor groups (the “Acquisitions”),… [Read More]
Melcor REIT announces second quarter 2021 results, announces 14% increase to August and September distributions
EDMONTON, Alberta, July 27, 2021 (GLOBE NEWSWIRE) — Key Figures Rental revenue was steady at $17.98 million in the quarter, $37.46 million year-to-date; Net operating income was stable at $11.58 million in the quarter, $24.21 million year-to-date; Adjusted cash flow from operations (ACFO) was up 5% to $4.96 million or $0.17 per unit over Q2-2020; 10%… [Read More]
FirstService Reports Very Strong Second Quarter Results
Performance driven by Robust Organic Growth across all Operations Operating highlights: Three months ended Six months ended June 30 June 30 2021 2020 2021 2020 Revenues (millions)… [Read More]
Allied Announces Second-Quarter Results
TORONTO, July 26, 2021 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) today announced results for its second quarter ended June 30, 2021. “Our operating and leasing momentum continued to accelerate in the second quarter,” said Michael Emory, President & CEO. “FFO and AFFO per unit rose to record levels of 60.2… [Read More]
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