TSX

Artis REIT Continues Strong Growth Profile

by creitadmin on October 15, 2008

 WINNIPEG, Oct. 14 /CNW/ -  TMC Net Article

Artis Real Estate Investment Trust (TSX: AX.UN) (“Artis” or the “REIT”) confirmed that trading in REIT units, together with a group of other stocks, was temporarily halted on Friday, October 10th, 2008, due to a technical malfunction at the TSX. There is no material information relating to Artis that caused the trading halt.

In spite of the turbulence being experienced in global markets, Artis continues to have a very strong embedded growth profile. At June 30, 2008, Artis estimated that the gap between in place rental rates and current market rental rates was over $8 per square foot on average. Today, over 90% of the 2008 leasing program has been completed, as well as over 15% of the 2009 renewals. Management anticipates this will be an additional source of growth in revenues, Property NOI, DI and FFO per unit. 

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Huntingdon REIT sells two properties in Western Canada for $11.3 million

by creitadmin on September 30, 2008

WINNIPEG – Huntingdon Real Estate Investment Trust (TSX:HNT.UN), a Winnipeg-based property trust,  says it has sold properties in Winnipeg and Red Deer, Alta. for $11.3 million.

The total gain on the two property sales totals $1.5 million, with $4.8 million in net cash proceeds after  repaying the mortgage.

The trust, which put itself up for sale during the summer, owns 79 income producing office, industrial,  retail and standalone parking lot properties in Manitoba, Ontario, Saskatchewan, Alberta, British  Columbia and the Northwest Territories.

 

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Morguard Real Estate Investment Trust Announces Q2 2008 Results

September 23, 2008

Thursday, July 31, 2008   Morguard Real Estate Investment Trust (“Morguard REIT”) (TSX: MRT.UN) today announced its financial results for the three and six-month periods ended June 30, 2008. Read the full report on Fox Business at: http://www.foxbusiness.com/story/markets/industries/finance/morguard-real-estate-investment-trust-announces-q–results/-1169680069

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Scott’s REIT acquires new Tim Hortons-anchored mall in Quebec for $6 million

September 23, 2008

Jul 22, 2008 TORONTO — Scott’s Real Estate Investment Trust (TSX:SRQ.UN), a Toronto-based property owner, says it has completed the acquisition of an income-producing retail property in Levis, Que. for $6 million. The mall is anchored by a Tim Hortons (TSX:THI) store and other well-known retailers. Levis is an eastern Quebec community just south of [...]

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Artis Real Estate Investment Trust announces monthly cash distribution

September 23, 2008

Friday, July 18, 2008 WINNIPEG, Jul 18, 2008 (Canada NewsWire via COMTEX) —-Artis Real Estate Investment Trust (TSX: AX.UN) (“Artis” or the “REIT”) announced that its trustees have declared its regular monthly cash distribution of $0.09 per trust unit (“Unit”) of Artis for the month of July, 2008. The cash distributions will be made on [...]

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Allied Properties Real Estate Investment Trust Announces July Distribution

September 23, 2008

Friday, July 18, 2008 Allied Properties REIT (TSX: AP.UN) announced today that the Trustees of the REIT have declared a distribution of $0.11 per unit for the month of July, 2008, representing $1.32 per unit on an annualized basis. The distribution will be payable on August 15, 2008, to unitholders of record as at July [...]

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Royal Host REIT Q2 profits rises to $18M from $4.8M last year

September 23, 2008

On August 14th, Royal Host REIT, a Calgary-based hotel operator with a portfolio of 31 Canadian hotels that operate under a variety of brands, declaired an increase in their earnings this year.  Earnings declaired for the second quarter was $18 , up from $4.8 million in the same period last year. Royal Host REIT’s(TSX:RYL.UN) unites traded up [...]

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