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Melcor Developments announces third quarter results, declares quarterly dividend of $0.08 per share

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EDMONTON, Alberta, Nov. 10, 2020 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the third quarter and nine months ended September 30, 2020. Revenue was up 35% to $73.05 million compared to Q3-2019. Year to date revenue was up 12% to $145.87 million… [Read More]

Summit Industrial Income REIT – Announces C$170 Million Bought Deal Financing

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Nov. 10, 2020 (GLOBE NEWSWIRE) — Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets (collectively, the “Underwriters“) to sell,… [Read More]

CAPREIT Reports Continued Growth and Strong Operating Performance in Third Quarter of 2020

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TORONTO, Nov. 09, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today continuing strong operating and financial results for the three and nine months ended September 30, 2020. HIGHLIGHTS:   Three Months Ended Nine Months Ended   September 30, September 30,   2020 2019(5) 2020 2019(5) Portfolio Performance… [Read More]

Timbercreek Financial Announces Executive Appointments

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TORONTO, Nov. 09, 2020 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) today announced the appointments of a new Chief Executive Officer and new Chief Financial Officer. Blair Tamblyn, Chief Executive Officer and Co-Founder of Timbercreek Asset Management and Chairman of Timbercreek Financial, has been appointed Chief Executive Officer of the Company, replacing Cameron… [Read More]

Global Real Estate & E-Commerce Dividend Fund Announces Normal Course Issuer Bid

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CALGARY, Alberta, Nov. 06, 2020 (GLOBE NEWSWIRE) — Global Real Estate & E-Commerce Dividend Fund (TSX: GEC.UN) (the “Fund”) announced that it has filed a notice with the Toronto Stock Exchange (the “TSX”) and received its approval to make a normal course issuer bid (“NCIB”). Purchases pursuant to the NCIB will be made in the… [Read More]

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]