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Market commentary, signal briefs, and deal dossiers for Canadian REIT investors.
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Market commentary, signal briefs, and deal dossiers for Canadian REIT investors.
New REIT Stack briefings when they publish. No promotion. Unsubscribe anytime.
On June 11 H&R confirmed preliminary, non-exclusive talks with Blackstone over a potential sale of certain assets — restarting a collapsed November process and lifting units eight to nine percent.
On June 22, the Competition Bureau cleared Firm Capital's C$218 million purchase of a 50% stake in ten manufactured home communities, with closing now expected in Q3 2026.
Dream Impact cut its leverage sharply in the first quarter, with debt-to-asset value falling to 36.2% from 43.7% at year-end as the trust settled loans and pushed maturities out.
Firm Capital is pivoting into manufactured housing — a $227M, 11-community deal with SunPark — and has filed a $250M base-shelf prospectus to fund the expanded portfolio.
H&R REIT trades around 40% below its $15.96 NAV per unit, sustaining a strategic-review process and unsolicited buyout interest that has run since 2025 without a deal.