REIT Stack
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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 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.
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.
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.