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Morguard Real Estate Investment Trust Advises of Discussions with Obsidian Energy

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MISSISSAUGA, ON, Feb. 27, 2020 /CNW/ – Morguard Real Estate Investment Trust (“the Trust”) (TSX: MRT.UN) today announced that it is in formal discussions with Obsidian Energy Ltd (“Obsidian”) regarding a potential lease amendment for its Penn West Plaza tenancy. Penn West Plaza is a 636,500 square foot Class A office complex, consisting of two towers, located at 207 and 215 9th Avenue, Calgary, Alberta. Both… [Read More]

Chartwell Announces Fourth Quarter & Year End 2019 Results and Increase to Distributions

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MISSISSAUGA, ON, Feb. 27, 2020 /CNW/ – Chartwell Retirement Residences (“Chartwell”) (TSX: CSH.UN) announced today its results for the fourth quarter and for the year ended December 31, 2019 and an increase to distributions. Q4 2019 and 2019 Highlights Resident Satisfaction score is up 5 percentage points to 63% Very Satisfied Employee Engagement score is… [Read More]

Artis Real Estate Investment Trust Releases 2019 Annual Results

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WINNIPEG, Feb. 27, 2020 /CNW/ – Today Artis Real Estate Investment Trust (“Artis” or the “REIT”) issued its financial results and achievements for the year ended December 31, 2019, and provided an update on its new initiatives announced on November 1, 2018, (the “New Initiatives”).  The annual results in this press release should be read… [Read More]

Boardwalk REIT Reports Solid 2019 Operating Performance and Strong Financial Results With Fourth Quarter Funds from Operation Per Unit Growth of 16.7%

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SUMMARY HIGHLIGHTS FOR THE THREE AND TWELVE-MONTH PERIODS ENDED DECEMBER 31, 2019 CONTINUED STRONG PERFORMANCE FOR THE 3 MONTH PERIOD ENDED DECEMBER 31, 2019 FFO of $0.63 per trust unit; an increase of 16.7% and seventh consecutive quarter of FFO growth 4.3% same-property revenue growth 11.6% same-property net operating income growth FOR THE 12 MONTH… [Read More]

Media Advisory – Empire Company Limited Advisory of Q3 Fiscal 2020 Results Conference Call

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STELLARTON, NS, Feb. 27, 2020 /CNW/ – Empire Company Limited (TSX: EMP.A) will release its third quarter fiscal 2020 results on March 12, 2020 at 6:30 a.m. (Eastern Daylight Time). The release will be followed by a conference call beginning at 12:00 p.m. (Eastern Daylight Time) with senior management. The dial-in numbers for the conference call… [Read More]

WPT Industrial REIT Announces Closing of Combined US$271 Million Public and Private Offering of Subscription Receipts

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OVER-ALLOTMENT OPTION ALSO EXERCISED NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO, Feb. 27, 2020 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX:WIR.U; WIR.UN – OTCQX: WPTIF) announced today that it has completed its previously announced public offering (the “Public Offering”) of 16,272,500 subscription receipts… [Read More]

CAPREIT Reports Continued Growth and Strong Operating Performance in 2019

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TORONTO, Feb. 26, 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 months and year ended December 31, 2019. HIGHLIGHTS: For the Year Ended December 31, 2019   2018   Portfolio Performance     Overall portfolio occupancy (1) 98.2… [Read More]

MCAN Mortgage Corporation Announces Changes to Board of Directors

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TORONTO, Feb. 26, 2020 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) (TSX: “MKP”) announced today that Ian Sutherland will step down as Chair of the Board (the “Chair”), however will remain on the Board of Directors (the “Board”) to facilitate Board renewal and transition.  Ian has held the position of Chair since… [Read More]

MCAN Mortgage Corporation Announces Fourth Quarter and 2019 Results and Increase to Quarterly Dividend

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TORONTO, Feb. 26, 2020 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) (TSX: “MKP”) reported net income of $10.6 million ($0.44 per share) for the fourth quarter ended December 31, 2019, an increase of 197% from $3.5 million ($0.15 per share) in the fourth quarter of 2018. In the fourth quarter of 2019, we… [Read More]

Tricon Reports Strong Q4 2019 Results Driven by 35% Growth in FFO

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES./ TORONTO, Feb. 26, 2020 /CNW/ – Tricon Capital Group Inc. (TSX: TCN) (“Tricon” or the “Company”), a residential real estate company primarily focused on rental housing in North America, announced today its consolidated financial results for the year ended December 31, 2019…. [Read More]

Crombie REIT Announces Fourth Quarter 2019 Results

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Fourth Quarter Summary(In thousands of CAD dollars, except per unit amounts and as otherwise noted) Operating income of $44,149 Property revenue of $96,823 Same-asset property cash NOI growth of 3.0% Debt to gross book value – fair value basis of 48.9% Renewals of 699,000 square feet at rents 3.9% above expiring rates Record year end… [Read More]

PROREIT announces date for release of 2019 fiscal year and 2019 fourth quarter results and conference call

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MONTREAL, Feb. 26, 2020 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) will release its 2019 fiscal year and fourth quarter financial results on Wednesday, March 25, 2020, after markets close. Mr. James W. Beckerleg, President and Chief Executive Officer, and Mr. Gordon G. Lawlor, Executive Vice President and CFO, will host… [Read More]