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]
Timbercreek Financial Announces 2023 First Quarter Results
TORONTO, May 08, 2023 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three months ended March 31, 2023 (“Q1 2023”). Q1 2023 Highlights1 Record quarterly net investment income of $32.7 million (up 44.2% from Q1 2022) Record net income and comprehensive income of $18.1 million, up from… [Read More]
Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units
All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, May 04, 2023 (GLOBE NEWSWIRE) — Brookfield Property Partners (“BPY” or the “Partnership”) announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit,… [Read More]
Allied Announces Voting Results from the 2023 Annual and Special Meeting of Unitholders
TORONTO, May 02, 2023 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today the results of matters voted on at its annual and special meeting of the holders (the “Unitholders”) of units and special voting units of Allied (collectively, “Units”) held on May 2, 2023 (the “Meeting”). The voting results for… [Read More]
Melcor REIT announces first quarter 2023 results
EDMONTON, Alberta, May 02, 2023 (GLOBE NEWSWIRE) — Melcor REIT (TSX: MR.UN) today announced results for the first quarter ended March 31, 2023. Revenue was stable in the quarter at $18.99 million and net operating income was down 3% at $11.52 million. Occupancy currently sits at 88%, up 0.3% compared to year-end and we have retained… [Read More]
Colliers Reports First Quarter Results
Growth in high value recurring revenues improves balance and resilience First quarter operating highlights: Three months ended March 31 (in millions of US$, except EPS) 2023 2022 Revenues $ 965.9 $ 1,000.9 Adjusted EBITDA (note 1) 104.6 … [Read More]
Colliers adds top-tier engineering firm
Acquisition strengthens Colliers Engineering & Design in Australia TORONTO and SYDNEY, Australia, May 02, 2023 (GLOBE NEWSWIRE) — Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that Colliers Engineering & Design Australia (“CED”) has acquired Craig & Rhodes Pty Limited (“Craig & Rhodes”), a leading multi-discipline engineering, design and… [Read More]
Halmont Properties Corporation Year End Results
TORONTO, April 28, 2023 (GLOBE NEWSWIRE) — HALMONT PROPERTIES CORPORATION (TSX-V: HMT) (“Halmont” or the “Company”) announced today that net income to shareholders for the year ended December 31, 2022, was $9.57 million as compared to net income of $7.10 million for the year ended December 31, 2021. (millions, except per share amounts) Year Ended… [Read More]
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