Real estate industry
AXIS Real Estate Investment Trust (REIT) has announced the completion of the acquisition of properties in Petaling Jaya and Batu Caves, Selangor from Cycle & Carriage Bintang Berhad. This acquisition is in line with the trust's strategy to expand its portfolio and enhance its revenue streams. The properties
Real estate industry
Apple Hospitality REIT, Inc. recently announced the declaration of a regular monthly cash distribution of $0.08 per common share. This distribution will be payable on August 15, 2024, to shareholders of record as of July 31, 2024. The annualized distribution of $0.96 per common share represents an annual
Real estate industry
Granite Real Estate Investment Trust has announced that its board of trustees has declared a distribution of CDN $0.275 per stapled unit for the month of July 2024. This distribution will be paid to stapled unitholders of record at the close of trading on Wednesday, July 31, 2024, and
Real estate industry
Flagship Communities Real Estate Investment Trust, a leading operator of affordable residential Manufactured Housing Communities, has announced a cash distribution of US$0.0492 per REIT unit for the month of July 2024. This represents an annual distribution of US$0.59 per REIT unit. The payment will be made
Real estate industry
Northwest Healthcare Properties REIT has declared a distribution of $0.03 per unit for the month of July 2024, representing $0.36 per unit on an annualized basis. This distribution will be paid to unitholders of record as at July 31, 2024, and will be payable on August 15, 2024.
Real estate
CenterCal Properties, a prominent commercial real estate company, has strengthened its leadership with the addition of three experienced professionals: Erick Klafter, John Kim, and Bill Cluverius. The new hires bring a wealth of expertise in asset and property management, law, and business development, which is expected to enhance the company&
Real estate industry
SmartCentres Real Estate Investment Trust (SmartCentres) will be reporting its financial results for the three months ended June 30, 2024, after the market closes on Thursday, August 8, 2024. Management will hold a conference call on Friday, August 9, 2024, at 11:00 a.m. (ET), and a recording of
Financial markets
The National Association of Real Estate Investment Trusts (NAREIT) recently released its 2024 Mid-Year Report, which highlights the resilience of REITs despite underperforming the broader stock market this year. NAREIT's executive vice president, research and investor outreach, John Worth, notes that REITs have maintained solid operational performance, with
Real estate industry
Northwest Healthcare Properties Real Estate Investment Trust, a leading healthcare real estate investment trust, will release its financial results for the second quarter ended June 30, 2024, on August 13, 2024, after the markets close. The trust's portfolio of medical office buildings, clinics, and hospitals is characterized by
Real estate industry
UDR, Inc., a leading multifamily real estate investment trust and GRESB Sector Leader for its sustainability leadership, has been recognized as a 2024 Top Workplaces winner in the Real Estate Industry. This distinction is a testament to the company's commitment to fostering an innovative and adaptive culture, where
Legal fees
Fortune Real Estate Investment Trust (FREIT) has recently issued Base Fee Units to its Manager, as payment for management fees. The payment is in accordance with the terms of the Trust Deed and does not require specific prior approval of the Unitholders. This decision is consistent with the provisions of
Professional employees
Datuk Ir. Annies Bin Md Ariff has been appointed as a Non-Executive Director of KLCC REAL ESTATE INVESTMENT TRUST, effective July 1, 2024. With a career spanning over four decades, Datuk Ir. Annies brings a wealth of experience in engineering, project management, and public sector management to the board. He
