REIT REPORT

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


Genesis Land Development Corp. Announces Declaration of $0.15 per share Special Dividend

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CALGARY, AB, Dec. 9, 2020 /CNW/ – Genesis Land Development Corp. (“Genesis”) (TSX: GDC), announces that its Board of Directors has declared an unconditional special cash dividend of $0.15 per common share, or $6.28 million in aggregate, payable on January 11, 2021 to shareholders of record on December 23, 2020. Eligible Dividend DesignationPursuant to subsection 89(14) of… [Read More]

Minto Apartment REIT Files Final Base Shelf Prospectus for $800 million in Securities

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OTTAWA, ON, Dec. 9, 2020 /CNW/ – Minto Apartment Real Estate Investment Trust (the “REIT”) (TSX: MI.UN) today announced that it has filed and obtained a receipt for its final short form base shelf prospectus (the “Prospectus”).The Prospectus was filed with the securities regulatory authorities in each of the provinces and territories of Canada. The… [Read More]

Middlefield Global Real Asset Fund Announces Normal Course Issuer Bid

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CALGARY, Alberta, Dec. 09, 2020 (GLOBE NEWSWIRE) — Middlefield Global Real Asset Fund (the “Fund”) (TSX: RA.UN) 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 open market… [Read More]

Century Fire Protection Broadens Geographic Footprint

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TORONTO, Dec. 09, 2020 (GLOBE NEWSWIRE) — FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that its subsidiary, Century Fire Protection (“Century”), has recently acquired Aegis Fire Protection, LLC (“Aegis”) and Cornet, Inc. (“Cornet”). The leaders of both businesses have retained minority equity interests and will continue to run day-to-day operations. Terms of the… [Read More]

Melcor REIT Trustees Held Meeting to Review the Substance of the Press Release Issued by Firm Capital

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FOR IMMEDIATE DISTRIBUTION. NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. EDMONTON, Alberta, Dec. 08, 2020 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX:MR.UN) (“the REIT”) today announced that its Board of Trustees held its annual strategic planning and budgeting session for the upcoming year on December 4, 2020…. [Read More]

Summit Industrial Income REIT Announces Pricing of $200 Million of 1.82% Series B Senior Unsecured Debentures

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/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, Dec. 8, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT“) (TSX: SMU.UN) announced today that it has agreed to issue $200 million aggregate principal amount of series B senior unsecured debentures (the “Debentures“) at a price… [Read More]

Mainstreet Equity Corp. Releases Q4 2020 Results

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CALGARY, AB, Dec. 7, 2020 /CNW/ – Despite the global pandemic persisting for much of fiscal 2020, Mainstreet still managed to achieve year-over-year double-digit growth in funds from operations (“FFO”) in 2020, increasing 11% from the previous year. Revenues rose 9% and net operating income (“NOI”) increased 8%. We believe these results demonstrate the extraordinarily… [Read More]

StorageVault Completes Previously Announced Purchase of 14 Storage Locations for $220 Million

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TORONTO, Dec. 04, 2020 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that, further to its November 2, 2020 news release, it has completed the acquisition of 13 stores and 1 piece of vacant land (collectively, the “Acquisitions”) from six vendor groups (collectively, the “Vendors”), for an aggregate purchase price of… [Read More]

ViveRE Communities To Upsize Previously Announced Common Share Offering To $8.5 Million

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/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ HALIFAX, NS, Dec. 4, 2020 /CNW Telbec/ – ViveRE Communities Inc. (TSXV: VCOM) (“ViveRE” or the “Company“) is pleased to announce that due to strong investor demand in connection with its previously announced best efforts short form prospectus offering (the “Offering“),… [Read More]

Cominar Real Estate Investment Trust Announces December 2020 Monthly Distribution

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QUÉBEC CITY, QC, Dec. 3, 2020 /CNW/ –  Cominar Real Estate Investment Trust (“Cominar”) (TSX: CUF.UN) announced today a distribution of 3.00 cents per unit to unitholders of record as at December 15, 2020, payable on December 31, 2020. PROFILE AS AT December 3, 2020 Cominar is one of the largest diversified real estate investment trusts in Canada… [Read More]

RioCan Real Estate Investment Trust Announces One-third Reduction in Distributions to Unitholders

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TORONTO, Dec. 03, 2020 (GLOBE NEWSWIRE) — Today, RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) announced a reduction of RioCan’s monthly distribution to unitholders from $0.12 per unit to $0.08 per unit, or from $1.44 to $0.96 on an annualized basis. RioCan’s Board of Trustees has determined the reduction is appropriate… [Read More]