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FirstService Declares Quarterly Cash Dividend on Common Shares

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TORONTO, May 10, 2022 (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$0.2025 per Common Share. The dividend is payable on July 7, 2022 to holders of Common Shares of record at the close… [Read More]

Timbercreek Financial Announces 2022 First Quarter Results

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TORONTO, May 10, 2022 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three months ended March 31, 2022 (“Q1 2022”). Q1 2022 Highlights1 Q1 2022 results reflect high funding volumes from a strong pipeline of opportunities. The Company executed on net new mortgage fundings of $210.5 million,… [Read More]

Melcor Developments announces first quarter results, declares quarterly dividend of $0.14 per share

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EDMONTON, Alberta, May 09, 2022 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the first quarter ended March 31, 2022. Revenue for the quarter was up 23% to $53.31 million compared to Q1-2021. Net income in the quarter was impacted by non-cash fair value… [Read More]

Colliers adds building consultancy and project management leader in the United Kingdom

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Brings scale and additional capabilities to accelerate growth TORONTO and LONDON, May 09, 2022 (GLOBE NEWSWIRE) — Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today it has acquired a majority interest in Paragon Building Consultancy Holdings Limited (“Paragon”), one of the UK’s top independent building consultancy and project… [Read More]

Melcor REIT announces first quarter 2022 results

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EDMONTON, Alberta, May 05, 2022 (GLOBE NEWSWIRE) — Highlights (compared to Q1-2021)   First Quarter Results:   Results, excluding Early Termination event1: Revenue was down 3% at $18.97 million. Net operating income (NOI) was down 6% to $11.86 million. Funds from operation (FFO) was down 8% to $6.53 million or $0.22 per unit. Adjusted cash from operations… [Read More]

StorageVault Reports 2022 First Quarter Results and Increases Dividend

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TORONTO, May 04, 2022 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX) reported the Corporation’s 2022 first quarter results and increases its dividend. Iqbal Khan, Chief Financial Officer, commented: “We had another exceptional quarter with a same store NOI growth of 18.1% and AFFO per share growth of 52.1%. For the balance… [Read More]

Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

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All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, May 04, 2022 (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]

Colliers to invest in leading US real estate investment firm

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Rockwood adds new asset classes and scalable products to strengthen and diversify Colliers’ rapidly growing investment management platform TORONTO and NEW YORK, May 04, 2022 (GLOBE NEWSWIRE) — Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today it has entered into a definitive agreement to invest in Rockwood Capital,… [Read More]

Brookfield Infrastructure Corporation Exchange Limited Partnership Announces Three-for-Two Unit Split

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BROOKFIELD, NEWS, May 04, 2022 (GLOBE NEWSWIRE) — Brookfield Infrastructure Corporation Exchange Limited Partnership (“BIPC Exchange LP”), a subsidiary of Brookfield Infrastructure Partners L.P., today announced that, in connection with the announcement by Brookfield Infrastructure Corporation (“BIPC”) of a three-for-two split of its class A exchangeable subordinate voting shares, the board of directors of BIPC… [Read More]

Allied Announces Voting Results From the 2022 Annual and Special Meeting of Unitholders

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TORONTO, May 03, 2022 (GLOBE NEWSWIRE) — Allied Properties REIT (TSX:AP.UN) (“Allied”) announced today the results of matters voted on at its annual and special meeting of unitholders held on May 3, 2022 (the “Meeting”). The voting results for each of the matters presented at the Meeting are outlined below. There were 111,952 unitholders represented… [Read More]

Colliers Reports Strong First Quarter Results

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Revenues up sharply across all service lines First quarter operating highlights:     Three months ended     March 31 (in millions of US$, except EPS)   2022       2021               Revenues $ 1,000.9     $ 774.9 Adjusted EBITDA (note 1)   121.5      … [Read More]