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MCAN Mortgage Corporation Announces Second Quarter Results and 24% Increase in Net Income

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Stock market symbol TSX: MKP TORONTO, Aug. 9, 2018 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) announced net income of $11.1 million ($0.47 per share) for the second quarter ended June 30, 2018, up 24% from $8.9 million ($0.39 per share) in the second quarter of 2017.  Highlights Financial Performance Q2 2018… [Read More]

American Hotel Income Properties REIT LP Reports Second Quarter 2018 Results

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Revenue increased 29.5% from Q2 2017, Net Income grew to $8.9 million EBITDA increased 34.5% from year-ago period RevPAR grew 9.5% from Q2 2017 Renovations at two larger hotels are nearly complete (All numbers are in U.S. dollars unless otherwise indicated) VANCOUVER, Aug. 9, 2018 /CNW/ – American Hotel Income Properties REIT LP (“AHIP“, the “Company“)… [Read More]

Chartwell Announces Second Quarter 2018 Results

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MISSISSAUGA, ON, Aug. 9, 2018 /CNW/ – Chartwell Retirement Residences (“Chartwell”) (TSX: CSH.UN) announced today its results for the second quarter ended June 30, 2018. Q2 2018 Highlights Funds from operations (“FFO”) up 16.9% Same property adjusted net operating income (“NOI”) up 8.2% Same property occupancy of 91.2% “Our teams delivered strong results in the… [Read More]

American Hotel Income Properties REIT LP completes $5.2 million renovation at the Embassy Suites DFW South (Irving, TX)

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VANCOUVER, Aug. 9, 2018 /CNW/ – American Hotel Income Properties REIT LP (“AHIP“, the “Company“) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) is pleased to announce that it has completed approximately US$5.2 million of renovations at its Embassy Suites DFW South, near the Dallas/Fort Worth airport in Irving, Texas.  Key aspects of this renovation project included… [Read More]

Inovalis Real Estate Investment Trust Reports Financial Results for the Second Quarter of 2018

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Aug. 9, 2018 /CNW/ – Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN)  today reported its financial results for the second quarter of 2018. HIGHLIGHTS Inovalis REIT (“Inovalis REIT”, or the “REIT” or “we”) is a Canadian TSX-listed REIT… [Read More]

Holloway Lodging Corporation Reports Q2 2018 Results, Declares Quarterly Dividend and Announces Normal Course Issuer Bid

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/NOT FOR DISTRIBUTION ON U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ HALIFAX, Aug. 9, 2018 /CNW/ – Holloway Lodging Corporation (TSX: HLC) (TSX: HLC.DB) (TSX: HLC.DB.A) (“Holloway”) today announced financial results for the three and six months ended June 30, 2018.  All amounts are presented in thousands of Canadian dollars, except earnings per share… [Read More]

Plaza Retail REIT Announces its Second Quarter 2018 Results

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FREDERICTON, Aug. 9, 2018 /CNW/ – Plaza Retail REIT (TSX: PLZ.UN) (“Plaza” or the “REIT”) today announced its results for the three and six months ended June 30, 2018. Michael Zakuta, President and CEO said, “We continue to deliver solid and sustainable results.  We are unafraid of doing the right thing for our portfolio and our… [Read More]

Genworth MI Canada Inc. Comments on OSFI’s Guideline Related to Mortgage Insurer Capital Adequacy Test

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TORONTO, Aug. 9, 2018 /CNW/ – Genworth MI Canada Inc. (the “Company”) (TSX: MIC) comments on the guideline entitled: “Mortgage Insurer Capital Adequacy Test” (“MICAT”) released earlier today by the Office of the Superintendent of Financial Institutions (“OSFI”). The new guideline consolidates OSFI’s current capital requirements for mortgage insurers into a single document, incorporating elements… [Read More]

H&R REIT Announces Strong Q2 2018 Results

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TORONTO, Aug. 9, 2018 /CNW/ – H&R Real Estate Investment Trust (“H&R”) and H&R Finance Trust (“Finance Trust”) (collectively, the “Trusts”) (TSX: HR.UN) today announced strong combined financial results for the three and six months ended June 30, 2018. STRATEGY UPDATE H&R’s 2017 annual report included a letter to shareholders identifying H&R’s strategic objectives across governance,… [Read More]

InterRent REIT Closes $115 Million Bought Deal Financing

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OTTAWA, Aug. 09, 2018 (GLOBE NEWSWIRE) — InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today the closing of its previously announced public offering of 10,798,500 trust units (the “Offered Units”) from treasury (the “Offering”), which includes the full exercise of the over-allotment option granted to the underwriters in connection with the Offering, at a… [Read More]

Cominar Announces 2018 Second Quarter Results and Highlights

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QUÉBEC CITY, Aug. 9, 2018 /CNW Telbec/ – Cominar Real Estate Investment Trust (“Cominar” or the “REIT”) (TSX: CUF.UN) is pleased to announce its results and highlights for the second quarter of 2018. 2018 SECOND QUARTER – RESULTS AND HIGHLIGHTS 0.8% growth in same property net operating income Increase in the committed occupancy rate from 92.6%… [Read More]