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StorageVault to Acquire 7 Storage Locations for $171.6 Million

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TORONTO, May 12, 2022 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) has agreed to acquire 7 stores from seven vendor groups (collectively, the “Vendors”) for an aggregate purchase price of $171,600,000, subject to customary adjustments (the “Acquisitions”). Six of the Acquisitions are arm’s length and one, totaling $14,000,000, is a related party acquisition (the… [Read More]

Northview Fund Announces Q1 2022 Financial Results

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Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, May 12, 2022 (GLOBE NEWSWIRE) — Northview Fund (“Northview” or the “Fund”) (NHF.UN – TSX), today announced financial results for the three months ended March 31, 2022. All amounts in this news release are in thousands of Canadian dollars… [Read More]

SmartCentres Real Estate Investment Trust Releases First Quarter Results for 2022

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Substantive improvement in retail leasing momentum across the portfolio with growth from both existing and new tenants; FFO per Unit(1) for Q1 2022 increased by $0.02 or 4.1% as compared to the same period in 2021; Progress in zoning approvals on strategic projects, together with improved market conditions, contributed to $237.7 million in incremental property… [Read More]

Melcor REIT announces Change of Debenture Trustee

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NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. EDMONTON, Alberta, May 10, 2022 (GLOBE NEWSWIRE) — NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. Melcor Real Estate Investment Trust (TSX:MR.UN) (the “REIT”) announced today that effective immediately, Odyssey Trust Company has replaced AST Trust Company… [Read More]

SmartCentres 2022 First Quarter Results and Conference Call

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TORONTO, May 10, 2022 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX: SRU.UN) announced today that it will issue its financial results for the three months ending March 31, 2022 on Wednesday, May 11, 2022. SmartCentres will hold a conference call on Thursday, May 12, 2022 at 3:30 p.m. (ET)…. [Read More]

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]