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ERES REIT Declares May 2023 Monthly Distribution

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TORONTO, May 15, 2023 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the May 2023 monthly cash distribution of €0.01 per Unit and Class B LP Unit (the “May Distribution”), being equivalent to €0.12 per Unit annualized. The distribution will… [Read More]

CAPREIT Announces May 2023 Distribution

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TORONTO, May 15, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today its May 2023 monthly distribution in the amount of $0.12083 per Unit (or $1.45 on an annualized basis). The May distribution will be payable on June 15, 2023 to Unitholders of record on May 31, 2023…. [Read More]

Allied Announces May 2023 Distribution

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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]

SmartCentres Real Estate Investment Trust Announces $300 Million Series Z Senior Unsecured Debenture Issue

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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

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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

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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

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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

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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

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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

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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]