REIT REPORT

REIT news, Real Estate Investment Trusts, Canadian REIT News, REIT Stocks Canada


CAPREIT Reports Continued Growth and Strong Operating Performance in Third Quarter of 2020

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TORONTO, Nov. 09, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today continuing strong operating and financial results for the three and nine months ended September 30, 2020. HIGHLIGHTS:   Three Months Ended Nine Months Ended   September 30, September 30,   2020 2019(5) 2020 2019(5) Portfolio Performance… [Read More]

Summit Industrial Income REIT Reports Continued Strong Performance in Third Quarter 2020

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TORONTO, Nov. 9, 2020 /CNW/ – Summit Industrial Income REIT (“Summit II” or the “REIT”) (TSX: SMU.UN) announced solid operating and financial performance for the three and nine months ended September 30, 2020. Highlights: Revenues increased by 41.4% in the third quarter and 38.3% year-to-date on portfolio growth, high stable occupancies and rent increases. Occupancy remained… [Read More]

Timbercreek Financial Announces Executive Appointments

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TORONTO, Nov. 09, 2020 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) today announced the appointments of a new Chief Executive Officer and new Chief Financial Officer. Blair Tamblyn, Chief Executive Officer and Co-Founder of Timbercreek Asset Management and Chairman of Timbercreek Financial, has been appointed Chief Executive Officer of the Company, replacing Cameron… [Read More]

Sandpiper Publishes Letter to Unitholders of Artis REIT Reaffirming Need for Substantial and Immediate Change

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Sandpiper provides unitholders with additional information related to Victor Thielmann whose resignation for non-independence validates Sandpiper’s view that Artis lacks appropriate governance and oversight Sandpiper asks unitholders to join in demanding for the immediate resignations of any trustees and officers who had knowledge of Victor Thielmann’s non-independence Management blocks questions from unitholders during Artis’ Q3… [Read More]

ViveRE Announces Signing of Agreement to Acquire Multi-Family Rental Property

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HALIFAX, NS, Nov. 6, 2020 /CNW/ – ViveRE Communities Inc. (TSXV: VCOM) (“ViveRE” or the “Company“) announced today that it has entered into an agreement (the “Acquisition Agreement“) to acquire Village View No. 3 Limited Partnership, a limited partnership formed under the laws of the Province of New Brunswick (“VV3LP“), whose sole asset is a multi-family rental… [Read More]

MCAN Mortgage Corporation Announces Strong Q3 2020 Results and Declares Q4 2020 Dividend

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TORONTO, Nov. 9, 2020 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) (TSX: MKP) reported higher net income for the third quarter ended September 30, 2020 of $22.7 million ($0.92 earnings per share) compared to $14.6 million ($0.60 earnings per share) for the same period in the prior year. For the nine months ended September… [Read More]

Global Real Estate & E-Commerce Dividend Fund Announces Normal Course Issuer Bid

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CALGARY, Alberta, Nov. 06, 2020 (GLOBE NEWSWIRE) — Global Real Estate & E-Commerce Dividend Fund (TSX: GEC.UN) (the “Fund”) announced that it has filed a notice with the Toronto Stock Exchange (the “TSX”) and received its approval to make a normal course issuer bid (“NCIB”). Purchases pursuant to the NCIB will be made in the… [Read More]

Brookfield Property Partners Reports Third Quarter 2020 Results

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All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, Nov. 06, 2020 (GLOBE NEWSWIRE) — Brookfield Property Partners L.P. (NASDAQ: BPY; NASDAQ: BPYU; TSX: BPY.UN) (“BPY”) today announced financial results for the quarter ended September 30, 2020.  “We saw consistent improvement in our operations over the course of the third quarter and,… [Read More]

Bridgemarq Real Estate Services Reports Third Quarter Results and Monthly Dividend

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TORONTO, Nov. 6, 2020 /CNW/ – Bridgemarq Real Estate Services Inc. (“Bridgemarq” or the “Company”) (TSX: BRE) announced today its third quarter consolidated financial results and the approval of a monthly dividend to holders of the Company’s restricted voting shares. HIGHLIGHTS Revenue in the third quarter was $10.7 million compared to $11.7 million for the same… [Read More]

Genesis Reports 2020 Third Quarter Results

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CALGARY, AB, Nov. 5, 2020 /CNW/ – Genesis Land Development Corp. (TSX: GDC) (the “Corporation” or “Genesis”) reported its financial and operating results for the three months (“Q3”) and nine months ended September 30, 2020 (“YTD”). Genesis is an integrated land developer and residential home builder operating in the Calgary Metropolitan Area (“CMA”), owning and developing… [Read More]

Trez Capital Senior Mortgage Investment Corporation Announces 2020 Quarter Three Results

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TORONTO, Nov. 5, 2020 /CNW/ – Trez Capital Senior Mortgage Investment Corporation (TSX: TZS) (the “Company”) today released its financial results for the quarter ended September 30, 2020. The financial statements and MD&A can be found at www.sedar.com or www.trezcapitalseniormic.com. Financial Highlights & Business Update On June 16, 2016 the shareholders of the Company approved… [Read More]

Chartwell Announces Third Quarter 2020 Results

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MISSISSAUGA, ON, Nov. 5, 2020 /CNW/ – Chartwell Retirement Residences (“Chartwell”) (TSX: CSH.UN) announced today its results for the third quarter ended September 30, 2020. Highlights Maintaining strong financial position with November 5, 2020, liquidity (1) of $408.6 million, which included $61.6 million of cash and cash equivalents. Occupancy declines slowed down with September 2020… [Read More]