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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.
Nexus appointed Curt Millar to its board on July 2 as Bradley Cutsey resigned, creating a same-day trustee change after the REIT's C$500 million debut debenture offering.
A tenth consecutive quarterly rent decline, but a decelerating one: brokers put the GTA average net asking rent between $16.30 (Colliers, -6.2% year-over-year) and $16.52 (JLL), with Cushman & Wakefi…
GTA industrial weighted average net asking rent climbed to $18.60 psf in Q1 2024, a modest $0.17 quarter-over-quarter and roughly 4% year-over-year increase that Cushman & Wakefield characterized as…
A seventh straight quarter below $20, but the slide is flattening: brokers put the average net asking rent between $18.98 (Cushman & Wakefield, down 1.3% quarter-over-quarter and 10.3% off the $21.15…
On June 3, PRO REIT agreed to buy 17 industrial properties across Québec City and Winnipeg for C$136.8 million, backed by a C$107.3 million raise that closed June 10.
Granite screens near the top on four of five criteria — growth, industry, valuation and balance sheet — at a 22% discount to Real-Estate NAV on the lowest leverage of any Canadian REIT. The catch is a modest 3.7% yield.
PROREIT has completed its transformation into a pure-play industrial REIT, selling its remaining retail properties and pushing industrial base rent past 90% of its annualized portfolio total.
Granite REIT renewed its normal course issuer bid as the units pushed to a fresh high, capping a year up roughly 40% on the strength of a 98%-occupied logistics book.
Dream Industrial REIT printed C$200 million of Series H debentures in April while comparative-property NOI grew 9% in the first quarter, with units near a 52-week high.
Nexus Industrial REIT completed its inaugural $500 million unsecured debenture offering, diversifying away from secured mortgage debt as a now pure-play industrial portfolio posts improving cash flow.
BTB REIT is leaning into its pivot toward industrial, pairing a $31.5 million Alberta acquisition with a fresh $30 million equity program to fund the repositioning.