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The Dream Group of Companies Publishes 2022 Impact and Sustainability Reports

June 2, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–The Dream group of companies (“Dream”), comprising DREAM UNLIMITED CORP. (TSX: DRM) (“Dream Unlimited”), DREAM OFFICE REIT (TSX: D.UN) (“Dream Office”), DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact”), DREAM INDUSTRIAL REIT (TSX: DIR.UN) (“Dream Industrial”) and DREAM RESIDENTIAL REIT (TSX: DRR.U) (“Dream Residential”), are proud to announce the release of their 2022 Impact Report and 2022 Sustainability Report.

“Collectively, our Impact and Sustainability Reports showcase our comprehensive approach to generating profits with purpose. We believe our business can create positive and measurable impacts on people and the planet, create new business opportunities and deliver stakeholder value,” said Michael Cooper, Chief Responsible Officer, Dream Unlimited. “In 2022, we took action to deliver on our net zero commitments, created the Dream Community Foundation and increased the number of affordable units in our pipeline.”

The third annual Impact Report, available here highlights significant progress across three core impact verticals – environmental sustainability and resilience, attainable and affordable housing, and inclusive communities.

Highlights of the 2022 Impact Report include:

  • Reporting on select Key Performance Indicators progress using the Dream Impact Management System for $3.9 billion of qualifying impact assets from Dream Impact, Dream Office and Dream Unlimited, as well as the private Dream Impact Fund;
  • Continuing operational and capital project programs to reduce greenhouse gas emissions, energy usage and water consumption across the qualifying impact assets by 35%, 41% and 51%, respectively, vs 2019 baselines;
  • Increasing the total affordable rental units across the Dream group of companies (including development pipeline) to 2,772, which are projected to save tenants $47.3 million in annual rent (compared to market rents); and
  • Providing the first update on the Social Procurement Strategy, showcasing $6.7 million spent on diverse vendors and $22.6 million spent on local vendors, exceeding initial targets for spending on tracked projects for equity-seeking groups and local, independent, and/or socially responsible businesses.

This year’s Sustainability Report, available here is a full update on Dream’s best-in-class approach to Environmental, Social and Governance (“ESG”), and reports on performance, practice and initiatives.

Highlights of the 2022 Sustainability Report include:

  • Dream Unlimited, Dream Impact, Dream Office and Dream Industrial publishing their Net Zero by 2035 Action Plan with a detailed implementation plan and interim milestones to reduce Scope 1, Scope 2, and select Scope 3 GHG emissions;
  • Dream Unlimited submitting its first progress report to Net Zero Asset Managers initiative with 61% of Dream’s total assets under management committed to be managed in line with net zero by 2035;
  • Dream Unlimited being recognized as a three-time honouree of the Globe and Mail’s Report on Business “Women Lead Here” program that benchmarks gender parity (2020, 2021, 2022);
  • Increasing alignment with the Task Force on Climate-related Financial Disclosures recommendations by integrating responsibility for ESG and impact matters into Dream’s corporate governance framework;
  • Dream Unlimited being certified as a Great Place to Work® (2021, 2022) and named one of Canada’s Best Employers for Recent Graduates in 2022 by The Career Directory, which reflects its commitment to creating a positive work culture for all of its employees;
  • Dream Office and Dream Impact earning five-star ratings for the second year in a row in the Global Real Estate Sustainable Benchmark and Dream Industrial participating for the first time and achieving full marks in the Leadership, Policies, Reporting, Targets and Data Monitoring and Review categories;
  • Dream Office executing $395 million sustainability-linked revolving facilities with performance requirements tied to greenhouse gas emissions intensity and green building certification achievements;
  • Dream Industrial increasing its renewable power portfolio by over 13.6 MW; and
  • Dream Residential completing its first environmental data baseline with over 97% data coverage for electricity, natural gas and water utility accounts under its operational control.

About Dream Unlimited Corp.

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $24 billion of assets under management across four Toronto Stock Exchange (“TSX”) listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at www.dream.ca.

About Dream Impact Trust

Dream Impact is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investment holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities, while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca

About Dream Office REIT

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

About Dream Industrial REIT

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at March 31, 2023, Dream Industrial REIT owns, manages and operates a portfolio of 321 assets totalling approximately 70.4 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s goal is to deliver strong total returns to its unitholders through secure cash flows underpinned by its high-quality portfolio and an investment grade balance sheet as well as driving growth in its net asset value and cash flow per unit. For more information, please visit www.dreamindustrialreit.ca.

About Dream Residential REIT

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns an initial portfolio of 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Forward-Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation, including, among other things, statements regarding our objectives and our strategies to achieve those objectives; our approach to generating profits; our belief that our business can create positive and measurable impacts on people and the planet, create business opportunities and deliver stakeholder value; our ability to achieve our net zero commitments; our development pipeline, including number of affordable units and the resulting projected savings to tenants; our expectations and goals regarding targets to reduce greenhouse gas emissions, energy usage and water consumption, our ability to achieve the milestones set out in the Net Zero by 2035 Action Plan; Dream Unlimited’s expectation that it will generate more recurring income as its urban development properties are completed and held for the long term; Dream Impact’s objective of creating positive and lasting impacts for its stakeholders across its impact verticals while generating returns; and Dream Industrial’s goal of delivering strong returns to its unitholders through secure cashflows and driving growth in its net asset value and cash flow per unit. Forward looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond our control that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk of adverse global market, economic and political conditions and health crises; risks inherent in the real estate industry; risks relating to investment in development projects; impact investing strategy risk; risks relating to geographic concentration; risks inherent in investments in real estate, mortgages and other loans and development and investment holdings; credit risk and counterparty risk; competition risks; environmental and climate change risks; risks relating to access to capital; interest rate risk; inflation; risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, international sanctions and the disruption of movement of goods and services across jurisdictions; risks related to a potential economic slowdown in certain of the jurisdictions in which we operate; the risk of changes in governmental laws and regulations; tax risks; foreign exchange risk; acquisitions risk; and leasing risks. Our objectives and forward-looking statements are based on certain assumptions with respect to each of our markets, including that the general economy remains stable; that interest rates and inflation do not increase materially beyond market expectations; that no unforeseen changes in the legislative and operating framework for our business will occur; that we will meet our future objectives, priorities and growth targets; that we receive the licenses, permits or approvals necessary in connection with our projects; that we will have access to adequate capital to fund our future projects, plans and any potential acquisitions; that we are able to identify high quality investment opportunities and find suitable partners with which to enter into joint ventures or partnerships; that we do not incur any material environmental liabilities; that foreign exchange rates do not materially change beyond market expectations; that conditions within the real estate market remain consistent; and that competition for and availability of acquisitions remain consistent with the current climate. All forward-looking information in this press release speaks as of the date of this press release. Dream does not undertake to update any such forward looking information whether as a result of new information, future events or otherwise except as required by law. Additional information about these assumptions and risks and uncertainties is contained in our filings with securities regulators, including the latest annual information forms and MD&As of the members of Dream. These filings are also available at Dream Unlimited’s, Dream Impact’s, Dream Office’s, Dream Industrial’s, and Dream Residential’s websites at www.dream.ca, www.dreamimpacttrust.ca, www.dreamofficereit.ca, www.dreamindustrialreit.ca, and www.dreamresidentialreit.ca, respectively.

Contacts

For further information, please contact:

Dream Unlimited Corp.

Deborah Starkman
Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kimberly Lefever
Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Dream Impact Trust

Meaghan Peloso
Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever
Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Dream Office REIT

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

Dream Industrial REIT

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan
Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov
President and Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

Dream Residential REIT

Jane Gavan
Chief Executive Officer

(416) 365-6572

jgavan@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

European Residential Real Estate Investment Trust Announces Results of 2023 Annual Meeting

June 1, 2023 By Globenewswire Tagged With: TSX:ERE.UN

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN) (“ERES”) announced today that, at its Annual Meeting of Unitholders held today, each of the items of business referred to in its management information circular dated April 12, 2023 (the “Circular”) were passed by a vote held by ballot. A… [Read More]

CAPREIT Announces Results of 2023 Annual General Meeting

June 1, 2023 By Globenewswire Tagged With: TSX:CAR.UN

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT”) announced today that, at its Annual General Meeting of Unitholders held today (the “Meeting”), each of the items of business referred to in its management information circular dated April 12, 2023 (the “Circular”) were passed by a vote held… [Read More]

StorageVault Purchases Brossard, Quebec Property with Automotive Properties REIT

June 1, 2023 By Globenewswire Tagged With: TSX:SVI

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) and Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (“Automotive Properties REIT” or the “REIT”) is pleased to announce that they have entered into a 50/50 joint venture (the “Joint Venture”) to acquire an automotive dealership property located at 9425 Taschereau Boulevard in… [Read More]

Allied Announces Voting Results of Meeting of Holders of Series C Debentures

June 1, 2023 By Globenewswire Tagged With: TSX:AP.UN

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today the results of a matter voted on at a meeting of the holders (“Debentureholders”) of 3.646% Series C Unsecured Debentures due April 21, 2025 (the “Series C Debentures”), of Allied held on June 1, 2023 (the “Meeting”). The voting results are… [Read More]

Colliers releases annual Global Impact Report

June 1, 2023 By Globenewswire Tagged With: TSX:CIGI

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — Colliers (NASDAQ and TSX: CIGI) released its third annual Impact Report today, highlighting progress towards realizing a more sustainable and equitable future for all. This report includes information on how Colliers is delivering resilient buildings, inclusive workplaces, and spaces that promote health and wellbeing. Key 2022 performance highlights include:… [Read More]

The Real Brokerage to Present at the William Blair 43rd Annual Growth Stock Conference

June 1, 2023 By Business Wire

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, today announced that Chairman and Chief Executive Officer Tamir Poleg will be presenting at the William Blair 43rd Annual Growth Stock Conference at the Loews Chicago Hotel in Chicago, Illinois on Wednesday June 7, 2023 at 12:40 p.m. CT.

Real’s remarks will be broadcast live and can be accessed by interested parties at the link below, and in the “Investors” section of www.onereal.com.

Date: Wednesday, June 7, 2023

Time: 12:40 p.m. CT

Webcast link: https://wsw.com/webcast/blair79/reax/1941408

About Real

The Real Brokerage Inc. is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 47 states, D.C., and four Canadian provinces with over 10,000 agents. Additional information can be found on its website at www.onereal.com.

Contacts

For additional information:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com
201.564.4221

The Real Brokerage Opens For Business In South Dakota

May 31, 2023 By Business Wire

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, today announced it has launched operations in South Dakota, expanding the company’s presence to 47 states and four Canadian provinces.


Josh Boschee, who serves as Real’s Principal Broker in North Dakota, also will assume responsibility for South Dakota. Real opens for business in South Dakota with the top-producing Christians Team Real Estate. The 16-member team, which is led by Jeff Christians, includes six agents who serve the Rapid City/Spearfish metropolitan area and two agents who are based in Phoenix.

“With relatively affordable housing and access to some of the best trails and lakes for year-round outdoor activities, South Dakota was one of the top 10 movers states in 20221. Real’s expansion into this growing housing market allows our agents to better serve their clients,” Real Chairman and Chief Executive Officer Tamir Poleg said. “We are thrilled to be launching our operations in South Dakota with an experienced broker like Josh as well as Jeff and his team, who not only know the market well, but who represent the region’s largest new home builders.”

Boschee said, “It’s exciting to be rounding out Real’s presence in America’s heartland. The company’s tech-powered platform and resources that are tailored to support the success of its agents will resonate in South Dakota, where the entrepreneurial spirit is alive and well.”

Ranked as one of the top teams serving the Northern Black Hills, Christians Team Real Estate has sold more than 1,400 homes over the past nine years. The team specializes in new construction, leveraging its relationships with the region’s leading developers to provide its clients with a seamless process that allows a buyer to move into their new home before closing on their old one. In 2022, Christians Team Real Estate sold 238 homes totaling $82 million.

“The move to Real made a lot of sense for our team. By leaning into technology and keeping overhead low, I believe Real is able to offer some of the most competitive compensation in the industry and still offer a robust platform for agents. In addition, through Real’s revenue sharing program, our agents have access to an additional source of income designed to build long-term wealth,” said Christians.

1According to United Van Lines 46th Annual National Movers Study.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek,” “anticipate,” “believe,” “plan,” “estimate,” “expect,” “likely” and “intend” and statements that an event or result “may,” “will,” “should,” “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding Real’s business and strategic plans for the Company.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. Important factors that could cause such differences include, but are not limited to, slowdowns in real estate markets, economic and industry downturns and Real’s ability to attract new agents and retain current agents. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

About Real

The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 47 states, D.C., and four Canadian provinces with over 10,000 agents. Additional information can be found on its website at www.onereal.com.

Contacts

Investor inquiries:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com
201.564.4221

Terra Firma Capital Corporation Reports First Quarter 2023 Financial Results

May 30, 2023 By Globenewswire Tagged With: TSX-V:TII

All amounts are stated in United States dollars unless otherwise indicated. TORONTO, May 30, 2023 (GLOBE NEWSWIRE) — Terra Firma Capital Corporation (TSX-V: TII) (“Terra Firma” or the “Company“), a real estate finance company, today announced its financial results for the three months ended March 31, 2023. Q1 2023 Financial Highlights: Total Assets of $141.4… [Read More]

The Real Brokerage Commences Normal Course Issuer Bid

May 30, 2023 By Business Wire

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (the “Company” or “Real”) (TSX: REAX) (NASDAQ: REAX), the fastest growing publicly traded real estate brokerage, today announced that the Toronto Stock Exchange (“TSX”) has approved the Company’s normal course issuer bid (the “NCIB”).

Pursuant to the NCIB, Real may purchase up to 9,006,526 of its common shares (“Common Shares”), representing approximately 5% of its issued and outstanding Common Shares of 180,130,539 as of May 18, 2023. The NCIB will be conducted during the twelve-month period commencing May 29, 2023 and ending May 28, 2024.

Under the NCIB, other than purchases made under block purchase exemptions, Real may purchase up to 2,826 Common Shares on the TSX during any trading day, which represents approximately 25% of 11,304, which represents the average daily trading volume on the TSX for the most recently completed six calendar months prior to the TSX’s acceptance of the notice of the NCIB.

The Company has established a Restricted Share Unit Plan (“RSU Plan”), an omnibus incentive plan (the “Omnibus Plan”) and an amended and restated omnibus incentive plan (the “A&R Plan” and together with the RSU Plan and the Omnibus Plan, the “Plans”) for the benefit of designated participants. Designated participants are employees, officers or consultants of the Company or a related entity of the Company as the Company’s board of directors may designate from time to time as eligible to participate in Plans. Under the Plans, vested restricted share units (“RSUs”) are redeemable for Common Shares, a cash payment equivalent to the value of a Common Share or a combination of cash or Common Shares. The Plans provides that Common Shares available to satisfy such redemption will be acquired on the market. The NCIB is being conducted to acquire the Common Shares for the purposes of the Plans.

In April 2021, Real appointed CWB Trust Services (“CWT”) as the trustee for the purposes of arranging for the acquisition of the Common Shares and to hold Common Shares in trust for the purposes of the Plans as well as deal with other administration matters. Through CWT, RBC Capital Markets (“RBCCM”) has been engaged to undertake purchases under the NCIB for the purposes of the Plans.

The Common Shares acquired will be held by the CWT until the Common Shares are transferred to the designated participants or sold in the market with the proceeds to be transferred to designated participants under the terms of the Plans to satisfy the Company’s obligations in respect of redemptions of vested RSUs held by such designated participants.

Although the Company intends to purchase Common Shares under the NCIB, there can be no assurances that any such purchases will be completed. Any purchases made under the normal course issuer bid will be made by Real at the prevailing market price at the time of acquisition and through the facilities of the TSX, Nasdaq and alternative Canadian trading systems. The Company may rely on an automatic purchase plan during the NCIB. The automatic purchase plan would allow for purchases by the Company of Common Shares during certain predetermined blackout periods, subject to certain parameters and approval of the TSX.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Real

The Real Brokerage Inc. is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 46 states, D.C., and four Canadian provinces with over 10,000 agents. Additional information can be found on its website at www.onereal.com.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, the statements regarding Common Share repurchases under the NCIB.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. Important factors that could cause such differences include, but are not limited to, slowdowns in real estate markets, economic and industry downturns and Real not purchasing a portion, or all of, the Common Shares that Real may purchase under the NCIB. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Contacts

For additional information, please contact:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com

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

May 29, 2023 By Globenewswire Tagged With: TSX:SRU.UN

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO, May 29, 2023 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that it has closed its previously announced private placement of $300 million aggregate principal amount of 5.354% Series Z senior unsecured debentures. The… [Read More]

Firm Capital Apartment REIT Reports Q1/2023 Results and Provides Strategic Review Update

May 29, 2023 By Globenewswire Tagged With: TSX-V:FCA.U, TSX-V:FCA.UN

All figures in $USD unless otherwise noted.TORONTO, May 29, 2023 (GLOBE NEWSWIRE) — Firm Capital Apartment Real Estate Investment Trust (“the “Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is pleased to report its financial results for the three months ended March 31, 2023 as well as provide an update regarding the previously announced Strategic Review: EARNINGS For… [Read More]

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