Canada

Extendicare REIT announces 3rd Quarter results

by creitadmin on November 7, 2008

Third quarter results for Extendicare RIET show that stability and a measured approach to goals allow this REIT to continue in aquisitions and development even is this time of slowdown.  Read the press release from Market Watch that explains their approach and results.

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InStorage REIT still experiencing attempted takeover woes

by creitadmin on November 6, 2008

InStorage REIT is still experiencing unwanted takeover bids.  They have received a hostile offer from Canadian Storage partners.  Read more about their recent takeover woes at ISS Inside Self-Storage.  

However,  Conundrum Capital Corporation has also announced that they have purchased 30,200 units of InStorage REIT bringing their total up to 1,197,800 units that they have purchase since the takeover attempts of InStorage began on October 16, 2008.  This press release is found at CNW. 

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RioCan REIT declares profit up 16%

November 6, 2008

RioCan Real Estate Investment Trust, Canada’s largest REIT, declares its profit rost 16 per cent in the third quarter.  Its funds from operations rose from 36 to 37 cents a unit and, while they did experience a decrease in gains on properties held for resale and an increase in interest expense, the increase in the [...]

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