REIT REPORT

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Firm Capital Property Trust Announces Solid Third Quarter Results

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TORONTO, Nov. 12, 2020 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust”), (TSXV: FCD.UN) is pleased to report today its financial results for the three and nine months ended September 30, 2020. PROPERTY PORTFOLIO HIGHLIGHTS The portfolio consists of 76 commercial properties with a total GLA of 4,244,849 square feet (2,350,850 square… [Read More]

Urbanfund Corp. Announces Closing of the Acquisition of a 20% Interest in a 110 Unit Residential Portfolio Located in Dartmouth, Nova Scotia

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TORONTO, Nov. 12, 2020 (GLOBE NEWSWIRE) — Mitchell Cohen, President and Chief Executive Officer of Urbanfund Corp. (TSX Venture: “UFC”) (“Urbanfund” or, the “Company”), announced today that the Company, along with Westdale Construction Limited (“Westdale”), has completed the previously-announced acquisition of the 110 unit The Manors Luxury Apartment portfolio located in Dartmouth, Nova Scotia. An… [Read More]

StorageVault Reports 2020 Third Quarter Results and Increases Dividend

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TORONTO, Nov. 12, 2020 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX-V) reported the Corporation’s 2020 third quarter results and increases its dividend. Iqbal Khan, Chief Financial Officer, commented: “Our results continue to show the resiliency of our business – we achieved 3% year over year increase in same store revenue and… [Read More]

WPT Industrial REIT Announces Third Quarter 2020 Results

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TORONTO, Nov. 11, 2020 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN; OTCQX: WPTIF) announced today its results for the three and nine months ended September 30, 2020. All dollar amounts are stated in U.S. funds. Highlights for the three months ended September 30, 2020: Collected 99.6% of billed rent… [Read More]

SmartCentres Real Estate Investment Trust Releases Third Quarter Results for 2020

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Focused on Growth Transit City Condominium Closings Contribute to 13.1% Increase in FFO (12.3% Growth in FFO per Unit) with Continued Growth of FFO Expected in Q4 Mixed-use Intensification Program Increasing with Construction on Transit City Condominiums, High-rise Residential Rentals at SmartVMC and Laval, Retirement Homes, Self-Storage Projects and Recently Received Approval to Permit an… [Read More]

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]