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Chartwell Announces Second Quarter 2019 Results

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MISSISSAUGA, ON, Aug. 8, 2019 /CNW/ – Chartwell Retirement Residences (“Chartwell”) (TSX: CSH.UN) announced today its results for the second quarter ended June 30, 2019. Highlights Same property adjusted net operating income (“NOI”) (1) declined 0.9% in Q2 2019, primarily due to timing of expenses as well as occupancy pressures in certain markets.  For 2019 YTD,… [Read More]

Northview Apartment REIT Announces Q2 2019 Financial Results, Ontario Same Door NOI Growth of 11.8% and Strong Revenue Growth Across the Portfolio

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CALGARY, Alberta, Aug. 08, 2019 (GLOBE NEWSWIRE) — Northview Apartment Real Estate Investment Trust (“Northview”) (NVU.UN – TSX), today announced financial results for the three months and six months ended June 30, 2019. HIGHLIGHTS Same door NOI increase of 2.9%, including a 3.3% increase for the multi-family business segment in the second quarter of 2019… [Read More]

Morguard North American Residential REIT announces $100 million offering of trust units

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TSX SYMBOL: MRG.UN /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, Aug. 8, 2019 /CNW/ – Morguard North American Residential Real Estate Investment Trust (“Morguard NAR REIT” or the “REIT”) (TSX: MRG.UN), announced today that it has entered into an agreement with a syndicate of underwriters, co-led by RBC Capital… [Read More]

SmartCentres Real Estate Investment Trust Releases Second Quarter Results for 2019

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Distribution Increase Continued steady growth of ACFO and FFO and poised for substantial FFO growth in 2020 Outstanding acceptance by purchasers of Transit City Condo Towers 4 and 5 Both SmartCentres Place Office Towers 100% leased TORONTO, Aug. 08, 2019 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX: SRU.UN) is… [Read More]

Plaza Retail REIT Announces its Second Quarter 2019 Results

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FREDERICTON, Aug. 8, 2019 /CNW/ – Plaza Retail REIT (TSX: PLZ.UN) (“Plaza” or the “REIT”) today announced its financial results for the three and six months ended June 30, 2019. Michael Zakuta, President and CEO said, “We made significant progress with our development and redevelopment projects, including the conversion of two former Sears stores into up-to-date… [Read More]

Cominar announces 2019 second quarter results, continued improvement in organic growth and new strategic initiatives

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QUÉBEC CITY, Aug. 8, 2019 /CNW Telbec/ – Cominar Real Estate Investment Trust (“Cominar” or the “REIT”) (TSX: CUF.UN) is pleased to announce its results for the second quarter ended June 30, 2019. 2019 SECOND QUARTER – HIGHLIGHTS 2.2% growth in same property net operating income Increase in our SPNOI guidance to 1.5% – 2.5% from… [Read More]

Pure Multi-Family Announces Update to the “Go Shop” Process and Sets Date for Special Meeting

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VANCOUVER, Aug. 7, 2019 /CNW/ – Pure Multi-Family REIT LP (“Pure Multi-Family”) (TSX: RUF.U, RUF.UN, RUF.DB.U; OTCQX: PMULF) provided an update today on the “go shop” process previously disclosed in its July 18, 2019 news release. As part of the arrangement agreement (the “Arrangement Agreement”) that Pure Multi-Family entered into with an affiliate of Cortland… [Read More]

WPT Industrial REIT Announces Second Quarter Results

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TORONTO, Aug. 07, 2019 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U – OTCQX: WPTIF) announced today its results for the three and six months ended June 30, 2019.  All dollar amounts are stated in U.S. funds.  Highlights for the three months ended June 30, 2019, including events subsequent to the… [Read More]

Partners Announces Results for the Second Quarter of 2019

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BARRIE, Ontario, Aug. 07, 2019 (GLOBE NEWSWIRE) — Partners Real Estate Investment Trust (the “REIT,” or “Partners”) (TSX: PAR.UN) today announced its results for the three month period ended June 30, 2019 (the “second quarter”). SECOND QUARTER 2019 HIGHLIGHTS Comprehensive loss of $1.0 million, a decrease to income of $2.8 million when compared to the… [Read More]

Avalon Mall redevelopment improves shopping experience by securing major retailers

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NEW GLASGOW, NS, Aug. 7, 2019 /CNW/ – Crombie Real Estate Investment Trust (“Crombie”) (TSX: CRR.UN) is pleased to announce that four of the world’s leading retail brands will join Avalon Mall as part of the current redevelopment project, which will improve the shopping experience and enhance Avalon Mall’s position as the dominant retail shopping… [Read More]

Crombie REIT Announces Second Quarter 2019 Results

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Second Quarter Summary(In thousands of CAD dollars, except per unit amounts and as otherwise noted) Operating income of $39,449 Property revenue of $99,332 Same-asset property cash NOI growth of 3.2% Debt to gross book value – fair value basis improved to 49.2%; lowest level over past four quarters Solid renewal growth over expiring rates of… [Read More]