Press

CANADIAN NET REIT ANNOUNCES ITS RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2022, AN INCREASE IN ITS PER UNIT DISTRIBUTIONS FOR 2023 AND Q1 2023 MONTHLY DISTRIBUTIONS

 November 21, 2022 

Canadian Net Real Estate Investment Trust (“Canadian Net” or the “Trust”) announces its results for the quarter ended September 30th, 2022, an increase in its per unit distributions for an 11th consecutive year, and monthly distributions for the months of January, February and March 2023.
 

Jason Parravano, President and CEO says: “I am pleased to share our results this quarter, which demonstrate the strength and resilience of our portfolio. Despite a challenging macro-environment, highlighted by higher interest rates and inflation, we continue to deliver per unit FFO accretion which has permitted us to once again, and for an 11th consecutive year, raise our distribution headed into 2023. This will mark a cumulative 176% increase in our per unit distribution rate since we began distributing in 2012.”

CANADIAN NET REIT ANNOUNCES ITS RESULTS FOR THE QUARTER ENDED JUNE 30, 2022, AND Q4 2022 MONTHLY DISTRIBUTIONS

 August 24, 2022 

Canadian Net Real Estate Investment Trust (“Canadian Net” or the “Trust”) announces its results for the quarter ended June 30th, 2022, and monthly distributions for the months of October, November and December 2022.

CANADIAN NET REIT ANNOUNCES THE ACQUISITION OF TWO PROPERTIES IN NEW BRUNSWICK AND QUEBEC

 August 2, 2022 

Canadian Net Real Estate Investment Trust (“Canadian Net” or the “Trust”) is pleased to announce the acquisition of two properties in New Brunswick and Quebec. They will be the 100th and 101st properties of the Trust, respectively.


The first acquisition is a 4,400 square-foot auto service center operated under the Midas banner in Fredericton, New Brunswick. Total consideration paid was $975,000 (excluding transaction costs) and was settled in cash. The transaction closed on July 15th, 2022.
 

The second acquisition is a 53,151 square-foot hardware store operated under the Rona banner in Chateauguay, Quebec. Total consideration to be paid is $8,300,000 (excluding transaction costs) and the transaction is set to close early in August.

CANADIAN NET REIT ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

 July 21, 2022 

Canadian Net Real Estate Investment Trust (“Canadian Net” or the “Trust”) announces the voting results from its annual meeting of unitholders held yesterday in a virtual format and the grant of performance units to members of management as per the equity incentive plan of the Trust (the “Equity Incentive Plan”).