Tag: TRUST

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SmartCentres Real Estate Investment Trust Releases Fourth Quarter and Full Year Results for 2023

SmartCentres Real Estate Investment Trust Releases Fourth Quarter and Full Year Results for 2023

Published Feb 14, 2024  •  17 minute read

TORONTO, Feb. 14, 2024 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) is pleased to report its financial and operating results for the quarter and year ended December 31, 2023.

“In reflecting on the achievements of 2023, I am pleased with our strong financial and operational results,” said Mitchell Goldhar, CEO of SmartCentres. “Our net operating income has shown steady and consistent growth through the year, which also saw the achievement of numerous significant milestones, including successfully closing 1,026 condo units at Transit City 4 & 5, completing and

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ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES $186.7 MILLION OF NEW MORTGAGE FINANCING AND PROVIDES UPDATE ON $121.7 MILLION OF CANADIAN ASSET SALES AND US$117.6

ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES $186.7 MILLION OF NEW MORTGAGE FINANCING AND PROVIDES UPDATE ON $121.7 MILLION OF CANADIAN ASSET SALES AND US$117.6

WINNIPEG, MB, June 8, 2023 /CNW/ – Artis Real Estate Investment Trust (“Artis” or the “REIT”) (TSX: AX.UN) announced today that it has obtained new mortgage financing in the amount of $186.7 million and provided an update on property disposition activity since March 31, 2023.

Artis Real Estate Investment Trust Logo (CNW Group/Artis Real Estate Investment Trust)

The REIT executed the following transactions during the second quarter of 2023:

  • obtained new mortgage financing on previously unencumbered properties in the amount of $186.7 million;

  • closed on the previously announced sale of four properties in Canada for an aggregate sale price of $79.6 million and one property in the U.S. for US$28.9 million; and

  • following disclosure of Q1-2023 results on May 11, 2023, entered into unconditional agreements to sell one property in Canada for a sale price of $42.1 million and seven properties and one parcel of

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