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Firm Capital Apartment REIT Reports Q1/2022 Results and USD $10.04 (CAD $12.54) NAV Per Unit

May 18, 2022 By Globenewswire Tagged With: TSX-V:FCA.U, TSX-V:FCA.UN

All figures in $USD unless otherwise noted.TORONTO, May 18, 2022 (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, 2022: NAV AT $10.04 PER TRUST UNIT ($CAD $12.54): Since Q3/2017, the Trust has increased… [Read More]

Early Warning Report Issued Pursuant to National Instrument 62-103 John S. Bailey Reports Unitholdings in BSR Real Estate Investment Trust

May 18, 2022 By NewsWire Tagged With: TSX:HOM.U, TSX:HOM.UN

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ LITTLE ROCK, Ark. and TORONTO, May 18, 2022 /CNW/ – This press release is being disseminated as required by National Instrument 62‐103 – The Early Warning System and Related Take Over Bids and Insider Reporting Issues (“NI 62-103”) in connection with the… [Read More]

FLAGSHIP COMMUNITIES REIT TO ACQUIRE TWO NORTHERN KENTUCKY MANUFACTURED HOUSING COMMUNITIES FOR US$22.5 MILLION

May 18, 2022 By NewsWire Tagged With: TSX:MHC.U

/Not for distribution to U.S. newswire services or dissemination in the United States./ TORONTO, May 18, 2022 /CNW/ – Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U) announced today that it will acquire two communities to its portfolio with the acquisition of two properties in Florence Kentucky, (the “Acquisition”) for a… [Read More]

Terra Firma Capital Corporation Reports First Quarter 2022 Financial Results

May 18, 2022 By Globenewswire Tagged With: TSX-V:TII

All amounts are stated in United States dollars unless otherwise indicated. TORONTO, May 18, 2022 (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, 2022. Q1 2022 Financial Highlights: Total Assets of $139.7… [Read More]

Samsara and Whip Around Partner to Reduce Fleet Emissions and Improve Fuel Efficiency

May 18, 2022 By Business Wire

Two of the leading global Fleet Management and Maintenance platforms have integrated to improve the sustainability of fleets across the world.


CHARLOTTE, N.C.–(BUSINESS WIRE)–#partnership—Samsara is the pioneer of the Connected Operations Cloud, which enables businesses to harness IoT (Internet of Things) data from vehicles, equipment, and warehouses to develop actionable insights and improve operations. Samsara serves over 20,000 customers, providing visibility into their entire operations and improving safety, efficiency, and sustainability as a result.

Samsara’s partner ecosystem and software integrations are enabled by its open APIs. With thousands of organizations leveraging 155+ API integrations on its App Marketplace, Samsara collects trillions of data points annually and surfaces those insights within a single platform.

Whip Around is a powerful, yet easy-to-use fleet maintenance software solution that connects drivers, mechanics and fleet operators to improve the uptime across their fleet operations. Whip Around operates in North America and Australasia and serves hundreds of thousands of users and assets worldwide across all commercial fleet industry verticals.

When the two systems are connected, odometer and engine hour readings are automatically pulled into Whip Around from Samsara. This way, customers never miss preventative maintenance schedules to ensure reduced downtime and improved fuel efficiency.

It takes fleets from a reactive costly process to a proactive approach, saving them thousands of dollars each year on each vehicle and asset in their operation.

Drivers have the ability to submit defects from both the Samsara and/or Whip Around apps via the Samsara Driver App making for a seamless and efficient driver experience. DTC Fault Codes, Inspection Defects and Servicing can be grouped into Work Orders in Whip Around, and bulk assigned to mechanics to ensure efficiency and real-time tracked workflows. As a result, fleets are kept moving in a sustainable manner.

Elizabeth Santorelly, VP of Product for Whip Around said, “Combining Samsara’s powerful IoT data with Whip Around’s comprehensive fleet maintenance workflows seamlessly to diagnose issues and be proactive with regular service intervals, will provide our mutual customers with improvements to their overall fleet operating performance leading to reduced emissions and cost savings.”

“We’re excited to add Whip Around as our latest partner integration on the Samsara App Marketplace,” said Chris Mozzocchi, Sr. Director of Product Management, Ecosystem Integrations at Samsara. “Proactive fleet maintenance not only improves road safety but also reduces the environmental and economic impact of fleet vehicles. With this Whip Around integration, maintenance workflows are streamlined so customers can operate more efficiently and reduce associated costs.”

As both companies look to help their customers improve operational efficiency and fleet sustainability, this partnership offers unparalleled levels of connectedness and responsiveness – and it would appear it’s already delivering for customers who have utilized the integration.

A number of mutual customers have already seen value in the integration, like Scott Ireland from Sail Energy who manages 132 vehicles and equipment across the northeastern states. They use the combination of Samsara and Whip Around to control their fuel costs by reducing excessive idling time and deploying preventative fleet maintenance measures to improve fuel efficiency of vehicle powerplants.

“I get the idling time, telemetry and fault codes from Samsara and provide information to our 3rd party maintenance vendors through reports in Whip Around. This expedites preventative maintenance which helps manage downtime of our vehicles,” Scott says. “The ability to always know which vehicles are in repair and which are driving unsafely on the road makes this possible for me. This has a direct positive effect on reducing costs of our fleets, improving service to our customers through reduced breakdowns, improving vehicle economy, and most importantly, giving our drivers safe vehicles to work with.”

About Samsara

Samsara is the pioneer of the Connected Operations Cloud, which allows businesses that depend on physical operations to harness IoT (Internet of Things) data to develop actionable business insights and improve their operations. Samsara operates in North America and Europe and serves tens of thousands of customers across a wide range of industries including transportation, wholesale and retail trade, construction, field services, logistics, utilities and energy, government, healthcare and education, manufacturing, and food and beverage. The company’s mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.

About Whip Around

Whip Around is a powerful, yet easy-to-use fleet maintenance software solution that connects drivers, mechanics and fleet operators to improve the uptime across their fleet operations. Whip Around operates in North America and Australasia and serves hundreds of thousands of users and assets worldwide across all commercial fleet industry verticals. The company’s mission is to keep the world’s fleets moving by accelerating information.

Contacts

Lauren Yeoman
704.412.3986
Lauren.yeoman@whiparound.com

CLEAResult Launches Carbon Consulting Practice to Guide Businesses Towards Sustainability

May 18, 2022 By Business Wire

AUSTIN, Texas–(BUSINESS WIRE)–#carbonfootprint–Businesses are being held accountable for their environmental impact. Some companies have taken a proactive approach by announcing their plans to reach net zero, while others are considering more modest reductions to reduce operational expenditures. A few weeks ago, the Securities and Exchange Commission (SEC) issued a proposal requiring public companies to disclose climate risk and greenhouse gas (GHG) emissions data, prompting executives to examine their current energy usage.

The challenge? Business leaders don’t know where to begin.

“There’s a huge knowledge gap here,” says Rich McBee, President & CEO of CLEAResult, “and we’re uniquely qualified to not just fill it—but do it better and faster than any other business.”

CLEAResult is North America’s leading provider of energy efficiency solutions and recently became the Official Energy Efficiency Partner of the Boston Red Sox. They have worked primarily with utility companies to save homes and businesses money by reducing energy use for the past 20 years. Now, they’re expanding their expertise to work directly with forward-thinking business and community organizations like manufacturers, healthcare providers, schools, stadiums and more.

Rob Beckwith, CLEAResult’s VP of Carbon Consulting Business Development, noted, “Environmental, social and governance (ESG) issues have become increasingly important to investors, advisors and regulators in recent years. Over the past two decades, companies that have successfully embraced ESG performance into their corporate DNA have outperformed others in terms of stock price, overall management, and ‘peer perception’ within their respective industries.”

Leveraging two decades of experience, CLEAResult has developed practical solutions to measure and reduce businesses’ annual carbon emissions, with the ultimate goal of reaching net zero. In 2021 alone, they helped save people over $9 billion on their energy bills through efficiency upgrades and averted more than 22.8 million metric tons of CO2 emissions from our environment.

CLEAResult’s Carbon Consulting services offer a comprehensive portfolio of energy and GHG emissions reduction solutions, rather than delivering limited scopes of work. Their energy experts begin by measuring an organization’s current GHG emissions and providing energy-efficient measures to reduce them. From there, they recommend ways to transition to renewable energy and purchase carbon credits to further decrease carbon footprints. This approach enables companies to bring CLEAResult in at any stage of the process and lean on them as a singular resource for measuring, planning, implementing and improving their reduction strategies.

“We keep things simple for our clients. All the technical and tedious work is handled in-house.” McBee continued. “Businesses are busy, we get that. But when we show them how much money they’ll save and the impact it will have on our environment, all of their employees get excited–not just the executives.”

CLEAResult is currently offering free consultations for companies looking to lower their energy costs and carbon emissions. Visit CLEAResult.com/carbon-consulting for more information.

About CLEAResult

CLEAResult is the largest provider of energy efficiency, energy transition and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet.

Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities and residential customers to reduce their energy use and carbon footprint.

CLEAResult is headquartered in Austin, Texas, and has over 2,400 employees in more than 60 cities across the U.S. and Canada. CLEAResult is majority owned by TPG through its middle market and growth equity investment platform TPG Growth and its multi-sector global impact investing strategy The Rise Fund.

Explore all our energy solutions at clearesult.com.

Follow us on: Facebook | LinkedIn | Twitter | Instagram

Contacts

media@clearesult.com
Amber Tester
Director Corporate Communications

Strategic Storage Trust VI, Inc. Acquires Storage Facility in the Phoenix MSA

May 18, 2022 By Business Wire

LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of an approximately 590-unit self storage facility in Chandler, Arizona. The property was originally built in 1999 and expanded in 2020. This is the 13th acquisition in SST IV and fourth acquisition in the Phoenix Market. Since SST VI launched as a private REIT in the first quarter of 2021, the REIT has purchased approximately $190 million of self storage facilities and land parcels to be developed into self storage.

Located at 12220 E. Riggs Road, the facility is comprised of approximately 81,400 square feet of rental space across a mix of 590 climate-controlled and non-climate-controlled units. This location is located near Bear Creek Golf Complex, Springfield Golf Resort & Sunbird Golf Club and is well-positioned to serve the areas of Chandler, Sun Lakes, Goodyear Village, Queen Creek, and Gilbert. It is easily accessible from Hwy 87, with good visibility from E. Riggs Rd. The new SmartStop® Self Storage location has desirable amenities including a sophisticated security system, secured and alarmed doors, gated entry, ground floor drive-up units, and interior climate-controlled units.

“We are extremely pleased to add this high quality property to our portfolio at SST VI, and expand SST VI’s footprint in Phoenix,” said Wayne Johnson, Chief Investment Officer of SST VI. “With our 11th operating property in the program, we believe we are amassing a very high quality portfolio that we expect will create strong value for stockholders.”

About Strategic Storage Trust VI, Inc. (SST VI):

SST VI is a Maryland corporation that intends to qualify as a REIT for federal income tax purposes. SST VI’s primary investment strategy is to invest in income-producing and growth self storage facilities and related self storage real estate investments in the United States and Canada. As of May 17, 2022, SST VI has a portfolio of 11 operating properties in the United States comprising approximately 7,500 units and 785,000 rentable square feet and joint venture interests in two development properties in Toronto, Ontario.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop is a self-managed REIT with a fully integrated operations team of approximately 420 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self storage programs. As of May 17, 2022, SmartStop has an owned and managed portfolio of 170 properties in 22 states and Ontario, Canada, comprising approximately 115,900 units and 13.2 million rentable square feet. SmartStop and its affiliates own or manage 19 operating self storage properties in the Greater Toronto Area, which total approximately 16,200 units and 1.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

David Corak
VP of Corporate Finance

SmartStop Self Storage REIT, Inc.

949-429-3331

IR@smartstop.com

Sabra and Sienna Complete Acquisition of High-Quality Canadian Senior Housing Portfolio

May 18, 2022 By Business Wire

IRVINE, Calif.–(BUSINESS WIRE)–$SBRA #Sabra–Sabra Health Care REIT, Inc. (“Sabra”, the “Company”) (Nasdaq: SBRA) announced that Sabra, pursuant to its joint venture with Sienna Senior Living (“Sienna”) (TSX: SIA), has completed the previously announced acquisition of a high-quality Canadian senior housing portfolio for a total consideration of C$307.5 million (USD $236.5 million).

As previously disclosed, the portfolio consists of 11 high-quality senior housing communities strategically positioned across the provinces of Ontario and Saskatchewan. Sabra and Sienna acquired the portfolio through a newly formed 50/50 joint venture, with Sienna also acting as the operator. The predominantly independent living portfolio consists of mostly newer construction with an average age of six years, which positions it well to capture demand growth across the senior housing industry as Canada’s 75+ population is expected to double over the next 20 years.

Sabra funded its portion of the acquisition using cash on hand and its credit facility. The Company plans to use proceeds from in-process capital recycling activity to keep leverage in line with its long-term target of approximately 5.0x net debt to adjusted EBITDA.

About Sabra

Sabra Health Care REIT, Inc., a Maryland corporation, operates as a self-administered, self-managed real estate investment trust (a “REIT”) that, through its subsidiaries, owns and invests in real estate serving the healthcare industry throughout the United States and Canada.

FORWARD-LOOKING STATEMENTS SAFE HARBOR

This release contains “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. Any statements that do not relate to historical or current facts or matters are forward-looking statements. These statements may be identified, without limitation, by the use of “expects,” “believes,” “intends,” “should” or comparable terms or the negative thereof. Examples of forward-looking statements include all statements regarding expected demand growth in the senior housing industry in Canada; the Company’s ability to capture such demand growth; the Company’s expectations regarding capital recycling activity; and the Company’s expectations regarding its leverage.

Sabra’s actual results may differ materially from those projected or contemplated by the Company’s forward-looking statements as a result of various factors, including, among others, the risks and uncertainties found in its filings with the Securities and Exchange Commission, including in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Sabra does not intend, and undertakes no obligation, to update any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, unless required by law to do so.

Contacts

Investor & Media Inquiries: 1-888-393-8248 or investorinquiries@sabrahealth.com

 

Oregon Tool Celebrates 75th Anniversary

May 18, 2022 By Business Wire

Global manufacturer celebrates milestone by reflecting on its roots and heritage – the story of a man, a timber beetle and a saw chain design that revolutionized the forestry industry and shapes it still today

PORTLAND, Ore.–(BUSINESS WIRE)–In 1947, forester Joe Cox observed the C-shaped jaws of a timber beetle larva deftly chewing through wood. This was the inspiration for his “Cox Chipper Chain,” which he quietly invented in the basement of his home in Portland, Oregon. That same year, Cox started the Oregon Saw Chain Corp. to produce his saw chain – from a basement startup to a global manufacturer. Over time, Cox and his saw chain revolutionized the timber industry, and today the company he founded is the manufacturer of the World’s #1 Saw Chain™.


The company – known today as Oregon Tool – has grown into a multinational organization with numerous acquisitions and mergers. At 3,000 Team Members strong, Oregon Tool sells thousands of products in more than 110 countries. Oregon Tool is a top manufacturer of saw chain and guide bars for chainsaws, diamond saw chain for concrete and pipe and agricultural tractor attachments, and the leading original equipment manufacturer (OEM) supplier of first-fit and replacement parts.

“Joe Cox sought to improve cutting performance for those in his industry. His innovative and pioneering spirit led him to look to nature for a solution, and what he learned from the timber beetle provided the blueprint for not only his namesake chain, but every saw chain made in the last 75 years,” said Oregon Tool CEO Paul Tonnesen. “Joe’s efforts changed the industry and gave way to our company, and what he did and who he was continues to inspire our Team Members around the world.”

Across the decades, Oregon Tool has continued to embrace the innovation of its founder and has long been rooted by four core values of leading with humility, pioneering spirit, global stewardship and owning it. The company is a leader in manufacturing saw chain and other tools that have forged a path forward to easier and safer ways of cutting. The Oregon® brand established chainsaw safety standards for the industry in the 1970s, and the ICS® brand innovated the diamond chain concrete-cutting segment with power cutters that offered pros a safer way to cut pipe in the trenches.

As a nod to their heritage and embracing their core values, Oregon Tool has launched the T.R.E.E. Initiative, focusing on four key areas: Training, Recovery, Environment and Education. As part of T.R.E.E., the company is continuing their partnership with Tree-Nation to further reforestation, with the goal of planting 75,000 trees in 2022. The company will be hosting its second annual RUN, WALK, BIKE event throughout the year, inviting Team Members around the world to get moving in support of the health of the planet.

About Oregon Tool

Oregon Tool is a global, premium-branded, aftermarket-driven precision cutting-tool platform. The company’s portfolio of brands specializes in professional grade precision cutting tools for forestry, lawn and garden; farming, ranching and agriculture; and concrete cutting and finishing. Headquartered in Portland, Oregon, with a multinational manufacturing and distribution footprint, Oregon Tool sells its products in more than 110 countries under the Oregon®, Woods®, ICS®, Pentruder®, Merit®, Carlton® and SpeeCo® brands. The company is the world’s #1 manufacturer of saw chain and guide bars for chainsaws and diamond saw chain for concrete and pipe, a leading manufacturer of agricultural tractor attachments, and the leading OEM supplier of first-fit and replacement parts. Learn more at www.oregontool.com.

Contacts

Media Contact:
Becca Vollmer

608-256-6357

bvollmer@hiebing.com

NorthWest Healthcare Properties REIT Announces Election of Trustees

May 17, 2022 By NewsWire Tagged With: TSX:NWH.UN

TORONTO, May 17, 2022 /CNW/ -NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the “REIT“) today announced the results of its 2022 annual and special meeting of unitholders (the “Meeting“). All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as trustees. Detailed results of the vote… [Read More]

Colliers declares semi-annual dividend

May 17, 2022 By Globenewswire Tagged With: TSX:CIGI

TORONTO, May 17, 2022 (GLOBE NEWSWIRE) — Colliers International Group Inc. (TSX and NASDAQ: CIGI) (“Colliers”) announced today that its Board of Directors has declared a semi-annual cash dividend on the outstanding Subordinate Voting Shares and Multiple Voting Shares (together, the “Common Shares”) of US$0.15 per Common Share. This dividend is in accordance with the… [Read More]

Killam Apartment REIT Announces May 2022 Distribution

May 17, 2022 By NewsWire Tagged With: TSX:KMP.UN

HALIFAX, NS, May 17, 2022 /CNW/ – Killam Apartment REIT (TSX: KMP.UN) is pleased to announce its May 2022 monthly distribution. The distribution of $0.05833 per unit will be paid on June 15, 2022, to unitholders of record on May 31, 2022. Killam Apartment REIT offers a distribution reinvestment plan (the “DRIP”). Eligible unitholders may reinvest… [Read More]

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