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FirstService Announces Normal Course Issuer Bid

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TORONTO, Aug. 14, 2020 (GLOBE NEWSWIRE) — FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by FirstService of its intention to make a normal course issuer bid (the “NCIB”) with respect to its outstanding common shares. The notice provides that FirstService may,… [Read More]

FPI Nexus annonce ses résultats pour le deuxième trimestre de 2020

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MONTRÉAL et TORONTO, 13 août 2020 (GLOBE NEWSWIRE) — Le Fonds de Placement Immobilier Nexus (le « FPI Nexus » ou le « FPI ») (TSXV : NXR.UN) a annoncé aujourd’hui ses résultats pour le deuxième trimestre terminé le 30 juin 2020. Faits saillants Bénéfice net pour le trimestre de 6 883 796 $ en hausse de 2 842 059 $ par rapport… [Read More]

Nexus REIT Announces Q2 2020 Results

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TORONTO and MONTREAL, Aug. 13, 2020 (GLOBE NEWSWIRE) — Nexus Real Estate Investment Trust (the “REIT”) (TSXV: NXR.UN) announced today its results for the quarter ended June 30, 2020. Highlights Q2 2020 net income of $6,883,796 was up $2,842,059 compared to $4,041,737 for Q2 2019. Q2 2020 net operating income of $9,804,797 was up $59,338… [Read More]

Northview Apartment REIT Provides Transaction and COVID-19 Updates, Announces Q2 2020 Financial Results

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CALGARY, Alberta, Aug. 13, 2020 (GLOBE NEWSWIRE) — Northview Apartment Real Estate Investment Trust (“Northview” or the “REIT”) (NVU.UN – TSX), today provided Transaction and coronavirus (“COVID-19”) updates, and disclosed financial results for the three and six months ended June 30, 2020. Todd Cook, President and CEO, commented, “Our top priority continues to be supporting… [Read More]

CAPREIT Expands Presence in Strong Halifax Market

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TORONTO, Aug. 13, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has purchased a brand new 88-suite apartment property in the West Bedford neighbourhood of Halifax, Nova Scotia. CAPREIT paid $22.4 million for the property, financed by CAPREIT’s cash and cash equivalents invested in short-term investments…. [Read More]

StorageVault Reports 2020 Second Quarter Results and Increases Dividend

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TORONTO, Aug. 13, 2020 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX-V) reported the Corporation’s 2020 second quarter results and increases its dividend. Iqbal Khan, Chief Financial Officer, commented: “Despite the impacts of COVID-19, we achieved 3% year over year increases in same store revenue and NOI.  Our results were muted due… [Read More]

Terra Firma Capital Corporation Reports Second Quarter 2020 Financial Results

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All amounts are stated in United States dollars unless otherwise indicated. TORONTO, Aug. 12, 2020 (GLOBE NEWSWIRE) — Terra Firma Capital Corporation (TSX-V: TII) (“Terra Firma” or the “Company”), a real estate finance company, today released its financial results for the three and six-month periods ended June 30, 2020. Q2 2020 Financial Highlights: Total Investments(1)… [Read More]

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

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EDMONTON, Alberta, Aug. 11, 2020 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the second quarter and six months ended June 30, 2020. Revenue was down 5% to $39.05 million compared to Q2-2019. Year to date revenue was down 4% to $72.82 million… [Read More]

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

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TORONTO, Aug. 11, 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 six months ended June 30, 2020. HIGHLIGHTS:   Three Months Ended Six Months Ended   June 30, June 30,   2020   2019(5)   2020  … [Read More]

RioCan Realizes Density Value Through New Joint Venture Partnerships and Provides Update on RioCan Living Projects

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TORONTO, Aug. 11, 2020 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) announced today the sale of 50% interests in density primed for mixed-use residential development at two of its properties in Toronto and Ottawa. An ownership agreement was established with a new partner, Maplelands Development Inc. (“Maplelands”), marking its first Canadian venture…. [Read More]

European Residential REIT Announces Second Quarter 2020 Results

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TORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or the “REIT”) (TSX: ERE.UN) announced today its results for the three and six months ended June 30, 2020. SECOND QUARTER 2020 HIGHLIGHTS As at June 30, 2020, the fair value of the REIT’s property portfolio increased to €1.36 billion, consisting… [Read More]