TORONTO, March 14, 2023 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the year and quarter ended December 31, 2022. Highlights On March 7, 2023, the REIT acquired a newly constructed 532,000 square foot distribution centre located in Casselman, Ontario for $116.8 million. Successfully completed a bought deal… [Read More]
The Becker Milk Company Limited: Nine Month Financial Results and Regular Dividend
TORONTO, March 14, 2023 (GLOBE NEWSWIRE) — The Becker Milk Company Limited (the “Company”) (TSX-BEK.B) is pleased to report the results for the nine months ended January 31, 2023. HIGHLIGHTS Total revenues for the nine months ended January 31, 2023 were $2,162,713 compared to $2,144,664 for the same period in 2022; Net loss for the… [Read More]
Melcor REIT announces Q4 and 2022 annual results
EDMONTON, Alberta, March 08, 2023 (GLOBE NEWSWIRE) — Melcor REIT (TSX: MR.UN) today announced results for the fourth quarter and year ended December 31, 2022. Annual rental revenue was steady at $74.11 million. Annual adjusted cash flow from operations (ACFO1) was down 13% to $17.87 million or $0.61 per unit as a result of higher spend… [Read More]
CAPREIT Extracts Development Value From Land Disposition in Montréal
TORONTO, March 06, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the disposition of a parking lot site located in Montréal, Québec, for gross consideration of $17.25 million (excluding disposition costs). The under-utilized land is located adjacent to an existing multi-residential building owned by… [Read More]
RioCan Real Estate Investment Trust completes offering of $200 million Series AG senior unsecured debentures
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, March 06, 2023 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced that it has closed its previously announced offering of $200 million principal amount of Series AG senior unsecured debentures (the “Debentures”). The… [Read More]
Nexus Industrial REIT Enters Into Unsecured Credit Facilities Totalling $375 Million
TORONTO, March 02, 2023 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today that it has entered into senior unsecured credit facilities totalling $375 million (the “Unsecured Facilities”). The Unsecured Facilities have been arranged through a syndicate of six banks with BMO Capital Markets acting as Lead Arranger and Sole Bookrunner. The… [Read More]
RioCan Real Estate Investment Trust announces offering of $200 million, Series AG senior unsecured debentures with a coupon of 5.611% and an all-in interest rate of 5.184% after including the benefits of bond forward hedges
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, March 01, 2023 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced that it has agreed to issue $200 million principal amount of Series AG senior unsecured debentures (the “Debentures”). The Debentures will be… [Read More]
Colliers named one of the top three commercial real estate brands
Ranking reflects continued strength of global brand, platform and leadership TORONTO, March 01, 2023 (GLOBE NEWSWIRE) — Leading diversified professional services and investment management company Colliers (NASDAQ, TSX: CIGI) has been named one of the top three global brands in commercial real estate by The Lipsey Company for the sixth consecutive year. “Backed by our… [Read More]
CAPREIT Announces Strategic Capital Recycling in Ottawa
TORONTO, Feb. 27, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of an on-strategy, newly-built property located in a major suburb of Ottawa. The amenity-rich property, which contains 143 residential suites that are approximately 95% occupied, is located in close proximity to… [Read More]
Timbercreek Financial Announces 2022 Fourth Quarter Results
TORONTO, Feb. 22, 2023 (GLOBE NEWSWIRE) — – Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three months and year ended December 31, 2022 (“Q4 2022”). Q4 2022 Highlights1 Record quarterly net investment income of $31.3 million (up 39.7% from Q4 2021) and record annual net investment income of $109.8… [Read More]
StorageVault Reports Fiscal 2022 Annual Results; Highlighting NOI and AFFO Growth, $241.1 Million in Acquisitions; Provides 2023 Outlook; Increases Dividend
TORONTO, Feb. 22, 2023 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX) reports the Corporation’s full year 2022 audited results. Iqbal Khan, Chief Financial Officer, commented: “Our dedicated and disciplined team at StorageVault delivered solid growth in 2022, with significant year over year increases in revenue, net operating income and funds from… [Read More]
CAPREIT Announces Appointment of New Board of Trustee Member and Resignation of Trustee
TORONTO, Feb. 22, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT”) is pleased to announce that Ms. Jennifer Stoddart has joined CAPREIT’s Board of Trustees (the “Board”) effective February 27, 2023. CAPREIT has also announced that Jamie Schwartz has stepped down from the Board, effective as of February 22, 2023,… [Read More]
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