TORONTO, May 15, 2023 (GLOBE NEWSWIRE) — Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.15 per unit for the month of May 2023, representing $1.80 per unit on an annualized basis. The distribution will be payable on June 15, 2023, to unitholders of record as… [Read More]
Nexus Industrial REIT Announces Q1 2023 Results and Annual Meeting Voting Results
TORONTO and MONTREAL, May 12, 2023 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the quarter ended March 31, 2023. Highlights On April 26, 2023, the REIT sold a retail property located in Victoriaville, Quebec for $40.3 million. On April 21, 2023, the REIT acquired a 264,600 square… [Read More]
SmartCentres Real Estate Investment Trust Announces $300 Million Series Z Senior Unsecured Debenture Issue
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO, May 12, 2023 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that it has priced an offering of $300 million aggregate principal amount of 5.354% Series Z senior unsecured debentures on an agency basis…. [Read More]
Northview Fund Announces Q1 2023 Financial Results Including NOI Growth of 9.2 Percent Driven by Strong Occupancy
Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, May 12, 2023 (GLOBE NEWSWIRE) — Northview Fund (“Northview” or the “Fund”) (NHF.UN – TSX), today announced financial results for the three months ended March 31, 2023. All amounts in this news release are in thousands of Canadian dollars… [Read More]
CAPREIT Reports First Quarter 2023 Results
TORONTO, May 12, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today continued growth and strong operating and financial results for the three months ended March 31, 2023. Management will host a conference call to discuss the financial results on Monday, May 15, 2023 at 9:00 a.m. EST…. [Read More]
CAPREIT Continues To Make Progress on Strategic Repositioning Program
TORONTO, May 11, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the disposition of a non-core portfolio containing 180 residential suites and one commercial unit in Montréal, Québec. The properties were built approximately 50 years ago and were sold for an aggregate consideration of… [Read More]
SmartCentres Real Estate Investment Trust Releases First Quarter Results for 2023
Operational Shopping centre leasing activity remains strong, with industry-leading in-place and committed occupancy rate of 98% as at March 31, 2023 (December 31, 2022 – 98%). Executed leases on 3,172,749 sq. ft. consisting of 102,853 sq. ft. of new deals and 3,069,896 sq. ft. of renewals during the three months ended March 31, 2023. Non-anchor tenant renewed… [Read More]
RioCan's Strong First Quarter 2023 Results Reinforces Confidence in FFO/Unit Growth Target for the Year
Net income of $118.0 million and FFO per unit 1 of $0.44 Blended leasing spread of 12.3% driven by new leasing spread of 14.8% The retail component of The Well reaches 82% leased TORONTO, May 10, 2023 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) announced today its financial… [Read More]
Melcor Developments announces first quarter results, declares quarterly dividend of $0.16 per share
EDMONTON, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the quarter ended March 31, 2023. Revenue was down $36.08 million or 32% compared to Q1-2022. Revenue from Income Properties was stable; however, Community Development revenue was down significantly. Due to… [Read More]
European Residential REIT Reports First Quarter 2023 Results
TORONTO, May 10, 2023 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or the “REIT”) (TSX: ERE.UN) announced today its results for the three months ended March 31, 2023. ERES’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2023 can be found… [Read More]
FirstService Declares Quarterly Cash Dividend on Common Shares
TORONTO, May 09, 2023 (GLOBE NEWSWIRE) — FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService“) announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding Common Shares of US$0.225 per Common Share. The dividend is payable on July 7, 2023 to holders of Common Shares of record at the close… [Read More]
Colliers adds leading Southwest engineering firm
Acquisition expands footprint into fast-growing Arizona market TORONTO AND PHOENIX, May 09, 2023 (GLOBE NEWSWIRE) — Global professional services and investment management firm, Colliers (NASDAQ and TSX: CIGI), today announced that its Colliers Engineering & Design (“CED”) division has acquired HILGARTWILSON, LLC (“HILGARTWILSON”), an Arizona-based engineering, planning and survey firm. The addition will enhance CED’s… [Read More]
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