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Brookfield Property Partners Reports Third Quarter 2020 Results

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All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, Nov. 06, 2020 (GLOBE NEWSWIRE) — Brookfield Property Partners L.P. (NASDAQ: BPY; NASDAQ: BPYU; TSX: BPY.UN) (“BPY”) today announced financial results for the quarter ended September 30, 2020.  “We saw consistent improvement in our operations over the course of the third quarter and,… [Read More]

Melcor REIT announces third quarter 2020 results

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EDMONTON, Alberta, Nov. 05, 2020 (GLOBE NEWSWIRE) — Highlights Rental revenue was up 6% over Q3-2019 at $18.44 million; up 6% at $55.83 million year to date Net operating income was down 8% over Q3-2019 at $10.57 million, and increased 1% at $34.27 million year to date Adjusted cash flow from operations (ACFO) was down 26% to… [Read More]

European Residential REIT Announces Third Quarter 2020 Results

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TORONTO, Nov. 04, 2020 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or the “REIT”) (TSX: ERE.UN) announced today its results for the three and nine months ended September 30, 2020. THIRD QUARTER 2020 HIGHLIGHTS On July 7, 2020, the REIT graduated from the TSX Venture Exchange to the TSX, a milestone which… [Read More]

SmartCentres 2020 Third Quarter Results and Conference Call

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TORONTO, Nov. 03, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX: SRU.UN) announced today that it will issue its financial results for the three and nine months ending September 30, 2020 on Wednesday, November 11, 2020. SmartCentres will hold a conference call on Thursday, November 12, 2020 at 2:00… [Read More]

StorageVault to Acquire 14 Storage Locations for $220 Million

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TORONTO, Nov. 02, 2020 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) has agreed to acquire 13 stores and 1 piece of vacant land from six vendor groups (collectively, the “Vendors”) for an aggregate purchase price of $220,000,000, subject to customary adjustments (the “Acquisitions”). Four of the Acquisitions are arm’s length and two, totaling $30,000,000,… [Read More]

Northview Apartment REIT Announces Close of Sale to Starlight and KingSett

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CALGARY, Alberta, Nov. 02, 2020 (GLOBE NEWSWIRE) — Northview Apartment Real Estate Investment Trust (“Northview”) (TSX:NVU.UN) today announced that the previously announced arrangement agreement with affiliates of Starlight Group Property Holdings Inc. (“Starlight”) and KingSett Capital Inc. (“KingSett”) (collectively, the “Purchasers”), pursuant to which the Purchasers acquired Northview in a $4.9 billion transaction (the “Transaction”),… [Read More]

RioCan Announces Third Quarter Results for 2020

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TORONTO, Oct. 29, 2020 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) announced today its financial results for the three and nine months ended September 30, 2020 (“Third Quarter”). “While we are living and working through unprecedented challenges facing the retail sector due to the pandemic and resulting government restrictive… [Read More]

RioCan Unlocks Value and Enhances Balance Sheet Through New Partnerships

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TORONTO, Oct. 28, 2020 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) announced today a firm agreement to sell a 50% non-managing interest in the residential rental component, eCentral™, and the commercial component, ePlace™, of its mixed-used property in Toronto, to its current partner on other projects, Woodbourne Capital… [Read More]

Allied Announces Third-Quarter Results

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TORONTO, Oct. 28, 2020 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) today announced results for its third quarter ended September 30, 2020. “Allied’s urban workspace across the country continues to strengthen,” said Michael Emory, President & CEO. “With our rent-deferral program beginning to scale down and the variable component of… [Read More]

SmartCentres Declares Distribution for October 2020

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TORONTO, Oct. 26, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of October 2020 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis. Payment will be made on November 16, 2020 to… [Read More]