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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.
Plaza Retail is evaluating Axia Real Assets' unsolicited C$5.28-per-unit proposal, a roughly C$1.23 billion take-private approach carrying a 21% premium but no binding agreement yet.
On June 22, Crombie REIT launched C$300 million of 4.518% notes due 2033 to redeem C$200 million of 3.677% Series F debt — terming out maturities after a strong quarter.
On June 29, Primaris said it has leased or is negotiating 84% of its vacated Hudson's Bay space, lifting backfill rent 298% toward C$22 million of stabilized cash NOI.
Plaza Retail REIT runs an open-air portfolio roughly 91% anchored by national tenants across 8.8 million square feet, holding its monthly distribution flat under a conservative payout policy.
SmartCentres extended Mitchell Goldhar's leadership through December 2030 and won 98.79% unitholder support for a new incentive plan at its May AGM, with Q1 occupancy holding at 97.6%.
RioCan posted record blended leasing spreads of 25.8% and 4.7% commercial same-property NOI growth in Q1 2026, reaffirming full-year guidance while advancing roughly 1.3 to 1.4 billion in asset dispositions.
Canada's only enclosed shopping-centre REIT posted a steady Q1 and reaffirmed full-year guidance, and its units have climbed roughly 24% so far in 2026 to fresh strength.
First Capital REIT has agreed to be acquired by KingSett Capital and Choice Properties for $24.40 per unit, a take-private deal that would split its portfolio in two.
Choice Properties and KingSett Capital agreed to carve up First Capital REIT, with Choice taking the urban grocery-anchored half and KingSett the rest, closing later this year.
CT REIT raised its monthly distribution 3.5% and completed a $300 million Series K debenture at 4.357%, capping a strong first quarter with occupancy at 99.4%.
Crombie REIT raised its monthly distribution alongside strong Q1 results, and its units have climbed to fresh 12-month highs — up about 10.4% so far in 2026.
Slate Grocery REIT's board has struck a special committee after an unsolicited buyout proposal from its external manager, and is now soliciting competing bids to test the portfolio's value.
Canadian Net REIT — the country's only triple-net, management-free REIT — lifts its annual distribution to $0.36 per unit, a 3.0% increase effective July 2026, alongside steady Q1 results.
On April 16, Choice Properties and KingSett Capital agreed to take First Capital REIT private in a C$9.4B transaction — the largest Canadian REIT deal of the year so far.