REIT REPORT

REIT news, Real Estate Investment Trusts, Canadian REIT News, REIT Stocks Canada


Melcor Developments announces second quarter results, declares quarterly dividend of $0.12 per share

By Tagged With:

EDMONTON, Alberta, Aug. 01, 2019 (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, 2019. Revenue was down 4% to $41.09 million compared to Q2-2018. Year to date revenue was $75.97 million, down 13% compared… [Read More]

CAPREIT Acquires 942 Suites In The Netherlands

By Tagged With:

TORONTO, Aug. 01, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has acquired a portfolio of 18 modern, high-quality residential rental properties totaling 942 residential suites well located in seven urban growth markets in the Netherlands. Approximately 91% of the properties have been constructed since 1970…. [Read More]

Colliers Bolsters Occupier Services Team With New Global Leader

By Tagged With:

TORONTO, Aug. 01, 2019 (GLOBE NEWSWIRE) — Leading global commercial real estate services and investment management firm, Colliers International Group Inc. (NASDAQ and TSX: CIGI) today announced the appointment of Scott Nelson to CEO, Occupier Services | Global, effective immediately. In this new role, Scott will focus on driving greater consistency and enabling better service… [Read More]

Allied Announces Second-Quarter Results

By Tagged With: ,

TORONTO, July 31, 2019 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) today announced results for its second quarter ended June 30, 2019. “We propelled strong internal and external growth in the first half of 2019,” said Michael Emory, President & CEO. “Percentage growth in same-asset NOI, FFO per unit and AFFO… [Read More]

Allied to Fund Westbank’s Urban Workspace Project at 720 Beatty Street in Vancouver

By Tagged With: ,

TORONTO, July 31, 2019 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today that it has agreed to fund Westbank’s urban workspace project at 720 Beatty Street in Vancouver (the “Property”). “Providing this funding to Westbank will enable us to generate an accretive return from the outset,” said Michael Emory, President… [Read More]

Melcor REIT announces second quarter 2019 results

By Tagged With:

Highlights Rental revenue remained stable over Q2-2018 at $17.47 million; $35.42 million year to date Net operating income grew 3% over Q2-2018 at $11.38 million; 1% to $22.39 million year to date Adjusted funds from operations (AFFO) declined 4% to $4.78 million or $0.17 per unit in the quarter; down 5% to $9.39 million or… [Read More]

Timbercreek Financial Declares July 2019 Dividend and Will Release Second Quarter 2019 Financial Results on Wednesday August 7, 2019

By Tagged With:

TORONTO, July 24, 2019 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that its board of directors (the “Board”) has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on August 15, 2019 to holders of Common Shares of record on… [Read More]

FirstService Reports Strong Second Quarter Results

By Tagged With:

Robust, Balanced Organic Growth Drives Double-Digit Revenue Increases Across Both FirstService Residential and FirstService Brands Operating highlights:     Three months ended   Six months ended     June 30   June 30     2019     2018   2019     2018                      … [Read More]

Invesque Inc. Announces Receipt of Shareholder Approval by Way of Consents and Private Placement of Preferred Shares

By Tagged With:

TORONTO, July 23, 2019 (GLOBE NEWSWIRE) — Invesque Inc. (TSX: IVQ-U) (“Invesque” or the “Corporation”) today announced that it that it has obtained consents from shareholders of the Corporation (“Shareholders”) holding, in the aggregate, more than 50% of the Corporation’s issued and outstanding common shares (“Shares”), approving the issuance of securities to the sellers in… [Read More]

Dream Hard Asset Alternatives Trust Announces July 2019 Monthly Distribution

By Tagged With:

TORONTO, July 22, 2019 (GLOBE NEWSWIRE) — DREAM HARD ASSET ALTERNATIVES TRUST (TSX: DRA.UN) (“Dream Alternatives”) today announced its July 2019 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The July distribution will be payable on August 15, 2019 to unitholders of record as at July 31, 2019.  Dream Alternatives… [Read More]

The Becker Milk Company Limited 2019 Annual Financial Results

By Tagged With:

TORONTO, July 19, 2019 (GLOBE NEWSWIRE) — The Becker Milk Company Limited (the “Company”) (TSX-BEK.B) is pleased to report the results for the year ended April 30, 2019. HIGHLIGHTS Total revenues for the year ended April 30, 2019 were $3,143,640 compared to $3,293,197 for the same period in 2018; Net operating income for the year… [Read More]