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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]

Timbercreek Financial Announces 2020 Second Quarter Results

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TORONTO, Aug. 07, 2020 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three months and six months ended June 30, 2020 (“Q2 2020”). Q2 2020 Highlights Lower new investment volume was offset by lower repayments and higher renewals resulting in quarterly growth of the mortgage portfolio to $1,210.3… [Read More]

Melcor REIT announces second quarter 2020 results and declares monthly distribution of $0.03 per trust unit

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Highlights Rental revenue was up 4% over Q2-2019 at $18.10 million; up 6% at $37.39 million year to date Net operating income grew 3% over Q2-2019 at $11.74 million; up 6% at $23.70 million year to date Adjusted cash flow from operations (ACFO) was down 1% to $4.74 million or $0.16 per unit over Q2-2019, and… [Read More]

Colliers International Reports Second Quarter Results

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Investment Management, Outsourcing & Advisory demonstrate resilience, diversification Operating highlights:    Three months ended   Six months ended    June 30   June 30 (in millions of US$, except EPS) 2020   2019   2020   2019                          Revenues $ 550.2     $… [Read More]

Brookfield Property Partners Reports Second Quarter 2020 Results

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All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, Aug. 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 June 30, 2020. “The second quarter of 2020 brought unprecedented challenges to the commercial real estate industry, in… [Read More]

SmartCentres Real Estate Investment Trust Releases Second Quarter Results for 2020

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TORONTO, Aug. 05, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX: SRU.UN) is pleased to report its financial and operating results for the second quarter ended June 30, 2020. “Notwithstanding short-term data points, our locations have not changed, the highways and transit to them have not changed, the visibility of… [Read More]

WPT Industrial REIT Announces Second Quarter 2020 Results and Provides Operational Update

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TORONTO, Aug. 05, 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 six months ended June 30, 2020. All dollar amounts are stated in U.S. funds. Highlights for the three months ended June 30, 2020: Collected 99.5% of billed rent… [Read More]

InterRent Announces Voting Results from the 2020 Annual Meeting

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OTTAWA, Aug. 04, 2020 (GLOBE NEWSWIRE) — InterRent Real Estate Investment Trust (TSX-IIP.UN) (the “REIT”) is pleased to announce the voting results from its 2020 Annual Meeting (the “Meeting”) of unitholders held online on August 4, 2020 via live webcast…. [Read More]

SmartCentres Announces Time Change for 2020 Second Quarter Conference Call

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TORONTO, July 31, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that it will hold the conference call related to the release of its 2020 second quarter financial results on Thursday, August 6, 2020 at 3:30 p.m. (ET), rather than the previously announced 2:00 p.m. (ET). Investors are invited… [Read More]