TORONTO, Feb. 17, 2022 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or the “REIT”) (TSX: ERE.UN) announced today its results for the year ended December 31, 2021. ERES’s audited consolidated annual financial statements and management’s discussion and analysis (“MD&A”) for the year ended December 31, 2021 can be found at www.eresreit.com or… [Read More]
FirstService Increases Credit Facility to US$1.0 Billion
TORONTO, Feb. 17, 2022 (GLOBE NEWSWIRE) — FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService“) announced today that it has expanded and extended its revolving credit facility (the “Facility”), on an unsecured basis, for a new five-year term maturing in February 2027. Under the amended Facility, borrowing capacity has been increased to US$1.0 billion and, at… [Read More]
PROREIT ANNOUNCES FEBRUARY 2022 DISTRIBUTION
MONTREAL, Feb. 17, 2022 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) announced today that a cash distribution of $0.0375 per trust unit of the REIT for the month of February 2022 will be payable on March 15, 2022 to unitholders of record as at February 28, 2022. About… [Read More]
Dye & Durham announces partnership with NexOne to further enhance flagship Unity software
TORONTO, Feb. 17, 2022 /CNW/ – Dye & Durham (“Dye & Durham” or the “Company”) (TSX: DND), a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, today announced a partnership with software provider NexOne to further enhance Dye & Durham’s best-in-class Unity real… [Read More]
Notice of Timbercreek Financial Q4 2021 Results Conference Call
TORONTO, Feb. 17, 2022 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today it will host a conference call to discuss its 2021 fourth quarter on February 24, 2022 at 1:00 p.m. EST. The Company will issue its fourth quarter financial results before market opens on February 24, 2022. Q4 2021 CONFERENCE CALL… [Read More]
Middlefield Completes Mergers of TSX-Listed Funds
TORONTO, Feb. 17, 2022 (GLOBE NEWSWIRE) — Middlefield Group is pleased to announce the successful completion, effective today, of the previously announced mergers of Digital Consumer Dividend Fund (“Digital Consumer”) (TSX: MDC.UN) and Global Real Estate & E-Commerce Dividend Fund (“Real Estate & E-Commerce”) (TSX: GEC.UN) into Global Innovation Dividend Fund (“Innovation”) (TSX: BL.UN), with… [Read More]
Dream Office REIT February 2022 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its February 2022 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The February distribution will be payable on March 15, 2022 to unitholders of record as at February 28, 2022.
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with approximately 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.
Contacts
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 Impact Trust Announces February 2022 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream MPCT” or the “Trust”) today announced its February 2022 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The February distribution will be payable on March 15, 2022 to unitholders of record as at February 28, 2022.
Dream Impact is an open-ended trust dedicated to impact investing. Impact investing is the intention of creating measurable positive, social and environmental change in our communities and for our stakeholders, while generating attractive financial returns. 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 the Trust 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; balance growth and stability of the portfolio, increasing cash flow, unitholders’ equity and NAV over time; leverage access to an experienced management team and strong partnerships in order to generate attractive returns for investors; provide investors with a portfolio of high-quality real estate development opportunities, concentrated in core geographic markets; and provide predictable cash distributions to unitholders on a tax-efficient basis. For more information, please visit: www.dreamimpacttrust.ca.
Contacts
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 Industrial REIT Announces February 2022 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its February 2022 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The February distribution will be payable on March 15, 2022 to unitholders of record as at February 28, 2022.
Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at December 31, 2021, Dream Industrial REIT owns, manages and operates a portfolio of 239 industrial assets (351 buildings) comprising approximately 43 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit our website at www.dreamindustrialreit.ca.
Contacts
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
Chief Operating Officer
(416) 365-4106
asannikov@dream.ca
InterRent REIT Announces February 2022 Distributions
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of February 2022 is $0.0285 per Trust unit, equal to $0.3420 per Trust unit on an annualized basis. Payment will be made on or about March 15, 2022 to unitholders of record on February 28, 2022.
About InterRent
InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.
InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure, and offer opportunities for accretive acquisitions.
InterRent’s primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts
Sandy Rose, CFA
Director – Investor Relations & Sustainability
(514) 704-2459
sandy.rose@interrentreit.com
www.interrentreit.com
Morguard Real Estate Investment Trust Announces 2021 Fourth Quarter and Annual Results
MISSISSAUGA, ON, Feb. 16, 2022 /CNW/ – Morguard Real Estate Investment Trust (“the Trust”) (TSX: MRT.UN) today is pleased to announce its 2021 Fourth Quarter and Annual Results. Summary of Operations Three Months Ended December 31, Year Ended December 31, In thousands of dollars, except per-unit amounts 2021 2020 2021 2020 Revenue from real estate properties… [Read More]
Summit Industrial Income REIT Reports Another Year of Record Performance in 2021
TORONTO, Feb. 16, 2022 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced strong growth and record operating performance for the three months and year ended December 31, 2021. 2021 HIGHLIGHTS FINANCIAL: Revenue up 11.0% in Q4 and 13.7% in 2021 driven by portfolio growth, high stable occupancies and rent increases…. [Read More]
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