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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.
Vital Infrastructure completed its 33-property European exit to TPG Real Estate on June 30, closing the German leg after the Netherlands portfolio transferred in April.
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 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.
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.
Flagship Communities REIT grew Q1 revenue about 20.5% year over year while expanding its Ohio manufactured-housing footprint, with net income more than doubling against an equity-funded acquisition cadence.
Killam suspended its DRIP and accelerated buybacks in March, signalling management sees its units as undervalued, while a recovering price and steady Q1 results underpin the case.
Dream Office REIT's downtown Toronto occupancy climbed 240 bps to 89.8% in Q1, a recovery that drew a CIBC upgrade and keeps activist Artis REIT circling its units.
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.
Allied Properties paired a $500 million equity offering with a 60% distribution cut to pay down debt ahead of a $600 million debenture maturity and reach mid-11x leverage.
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.
American Hotel Income Properties launched a review of strategic alternatives as Q1 revenue fell 25% and an auditor's going-concern warning weighs on a unit price below a dollar.
Vital Infrastructure is exiting continental Europe, selling a 33-property German and Dutch portfolio to TPG Real Estate for ~$145 million to cut leverage and redeploy into North America.
StorageVault closed five new self-storage acquisitions for C$62.5M in late March and proposed board changes for the May AGM — adding Milton Lamb to the slate.
Mainstreet Equity raised its quarterly dividend 100% to $0.08 and bought $68.2M of properties in Q1 — the corporate-structure REIT comparable is back in growth mode.