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Melcor REIT announces second quarter 2021 results, announces 14% increase to August and September distributions

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EDMONTON, Alberta, July 27, 2021 (GLOBE NEWSWIRE) — Key Figures Rental revenue was steady at $17.98 million in the quarter, $37.46 million year-to-date; Net operating income was stable at $11.58 million in the quarter, $24.21 million year-to-date; Adjusted cash flow from operations (ACFO) was up 5% to $4.96 million or $0.17 per unit over Q2-2020; 10%… [Read More]

Morguard North American Residential REIT Announces 2021 Second Quarter Results

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MISSISSAUGA, ON, July 27, 2021 /CNW/ – Morguard North American Residential REIT (the “REIT”) (TSX: MRG.UN) today announced its financial results for the three and six months ended June 30, 2021. Second Quarter Highlights The REIT is reporting second quarter performance of: Net operating income (“NOI”) of $37.4 million for the three months ended June… [Read More]

Tribe Property Technologies Re-Brands Community Management and Post-Construction Platform to Tribe Home

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VANCOUVER, BC, July 27, 2021 /CNW/ – Tribe Property Technologies (TSXV: TRBE) (“Tribe”) is pleased to announce the renaming and rebranding of its proprietary property management and post-construction software to Tribe Home. The name Tribe Home replaces the platform’s original name, bazinga!, used since its inception in 2011 and strengthens the company’s brand recognition under… [Read More]

Mainstreet Equity Corp. Releases Q3 2021 Results

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Calgary, AB, July 27, 2021 /CNW/ – Mainstreet continued to see improvement across all key metrics in Q3 2021, achieving our second consecutive quarter of double-digit growth in funds from operations (“FFO”) and a steady increase in rental revenues. We also continued to pursue our countercyclical growth strategy in the quarter, acquiring 918 units for a… [Read More]

Kadestone Capital Corp. Announces Bridge Loan

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, BC, July 26, 2021 /CNW/ – Kadestone Capital Corp. (“Kadestone” or the “Company”) (TSXV: KDSX) (OTCQB: KDCCF), a vertically integrated property company, is pleased to announce that it has issued a grid promissory note (the “Note”) to Yigeda Enterprises Inc…. [Read More]

Allied Announces Second-Quarter Results

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TORONTO, July 26, 2021 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) today announced results for its second quarter ended June 30, 2021. “Our operating and leasing momentum continued to accelerate in the second quarter,” said Michael Emory, President & CEO. “FFO and AFFO per unit rose to record levels of 60.2… [Read More]

Brookfield Asset Management Completes Privatization of Brookfield Property Partners

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All dollar references are in U.S. dollars, unless noted otherwise1 BROOKFIELD NEWS, July 26, 2021 (GLOBE NEWSWIRE) — Brookfield Asset Management Inc. (“BAM”) (NYSE: BAM; TSX: BAM.A) and Brookfield Property Partners L.P. (“BPY”) (Nasdaq: BPY; TSX: BPY.UN) today announced that BAM has completed its previously announced acquisition of all of the limited partnership units of… [Read More]

StorageVault Announces Full Exercise of Over-Allotment Option

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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. TORONTO, July 26, 2021 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that, in connection with its previously announced bought deal offering (the “Offering”) of listed senior unsecured hybrid debentures (the “Debentures”), the underwriters have exercised their over-allotment… [Read More]

Timbercreek Financial Declares July 2021 Dividend

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TORONTO, July 23, 2021 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that its board of directors (the “Board”) has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on August 13, 2021 to holders of Common Shares of record on… [Read More]

Brookfield Property Partners Announces Results of Unitholder Elections in Privatization Transaction

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All dollar references are in U.S. dollars, unless noted otherwise1 BROOKFIELD NEWS, July 23, 2021 (GLOBE NEWSWIRE) — Brookfield Property Partners L.P. (“BPY”) (Nasdaq: BPY; TSX: BPY.UN) today announced the results of unitholder elections in Brookfield Asset Management Inc.’s (“BAM”) acquisition of all of the limited partnership units of BPY (the “transaction”). Pursuant to the… [Read More]