CT REIT increases annual distribution by 2.56% beginning January 2016 Announces seven new investments totaling $88 million TORONTO, Nov. 9, 2015 /CNW/ – CT Real Estate Investment Trust (CT REIT), (TSX: CRT.UN) today reported its consolidated financial results for the third quarter ended September 30, 2015. “Our growth strategy continues to contribute to our strong operating… [Read More]
Dream Industrial REIT Reports 5.1% Growth in AFFO Per Unit And 1.2% Growth in Comparative Properties Net Operating Income
TORONTO, ONTARIO–(Marketwired – Nov. 9, 2015) – This news release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release. DREAM INDUSTRIAL REIT (TSX:DIR.UN) today announced its financial results for the three and nine months ended September 30, 2015…. [Read More]
Crombie REIT reports third quarter results
NEW GLASGOW, NS, Nov. 9, 2015 /CNW/ – Crombie Real Estate Investment Trust (“Crombie”) (TSX:CRR.UN) is pleased to report its financial results for the three and nine months ended September 30, 2015. Third Quarter 2015 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Portfolio fair value of $4.0 billion. Funds… [Read More]
InterRent Announces $21 Million Acquisition in Burlington, Ontario
OTTAWA, ONTARIO–(Marketwired – Nov. 9, 2015) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES InterRent Real Estate Investment Trust (TSX:IIP.UN) (“InterRent”) announced today that it has entered into an unconditional agreement to acquire two properties, totaling 123 suites, within the city of Burlington, Ontario. The two properties,… [Read More]
Melcor REIT Announces Third Quarter 2015 Results
EDMONTON, ALBERTA–(Marketwired – Nov. 9, 2015) – Highlights Execution of our growth strategy over the past twelve months increased our portfolio GLA by 49% over Q3-2014. This contributed to growth in certain key metrics over the comparative period. Rental Revenue of $15.94 million for growth of 44% over Q3-2014 Net rental income of $9.97 million… [Read More]
Melcor REIT Announces $15.25 Million Property Acquisition from Melcor Developments Ltd.
EDMONTON, ALBERTA–(Marketwired – Nov. 9, 2015) – Melcor Real Estate Investment Trust (TSX:MR.UN) (the “REIT”) announced today that its board of trustees has approved the acquisition of interests in two commercial properties (together, the “Acquisitions”) representing approximately 53,207 square feet of gross leasable area (“GLA”) for an aggregate cash purchase price of approximately $15.25 million… [Read More]
Genworth MI Canada Inc. Considering Debenture Offering
/THIS PRESS RELEASE MAY NOT BE PUBLISHED, DISTRIBUTED OR TRANSMITTEDIN OR INTO THE UNITED STATES OR OVER UNITED STATES WIRE OR NEWS SERVICES./ TORONTO, Nov. 6, 2015 /CNW/ – Genworth MI Canada Inc. (the “Company”) (TSX: MIC) announced today that it is considering a debenture offering pursuant to its base shelf prospectus. The Company will provide… [Read More]
OneREIT Announces Third Quarter 2015 Results
TORONTO, ONTARIO–(Marketwired – Nov. 6, 2015) – NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY NON-CANADIAN SOURCE OneREIT (TSX:ONR.UN) today announced results for the third quarter ended September 30, 2015. Highlights: Net operating income (“NOI”) increased 14.7% and 15.6%, respectively for the three and nine months ended September 30, 2015, compared with the… [Read More]
Zaio Announces Termination of Axis Merger
CALGARY, Nov. 6, 2015 /CNW/ – Zaio Corporation (TSXV: ZAO) (the “Company” or “Zaio”) announced today that its Board of Directors has determined that the previously announced merger with Axis Appraisal Management (Axis) is not in the best interest of Zaio shareholders at this time, and as a result, the transaction will not be closed…. [Read More]
Kingsway Arms Retirement Residences Inc. Announces Reverse Takeover Transaction
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, Nov. 6, 2015 /CNW/ – Kingsway Arms Retirement Residences Inc. (“Kingsway” or the “Company“) (TSX.V: KWA) today announced a reverse takeover transaction (the “Reverse Takeover“). Pursuant to a binding commitment letter dated November 5, 2015 (the “Commitment Letter“), the Company… [Read More]
MCAN Mortgage Corporation Reports 48% Increase in Third Quarter Net Income and Increase in Quarterly Dividend
Stock market symbol TSX: MKP TORONTO, Nov. 5, 2015 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) reported strong third quarter 2015 earnings today. Q3 2015 Operating Results Net income for the third quarter of 2015 was $7.2 million, up 48% from $4.9 million in the prior year, while earnings per share increased… [Read More]
Firm Capital Property Trust announces another solid quarter of earnings and portfolio growth
TORONTO, Nov. 5, 2015 /CNW/ – Firm Capital Property Trust (“FCPT” or the “Trust“), (TSXV : FCD.UN) reported today its consolidated interim financial results for the three months and nine months ended September 30, 2015. THIRD QUARTER HIGHLIGHTS Three Months Ended September 30, 2015 FFO and AFFO of $1.2 million and $1.1 million is a 12%… [Read More]