News & Videos - PARTNERS REAL ESTATE INVESTMENT TRUST N

BARRIE, Ontario, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (the “REIT,” or “Partners”) (TSX: PAR.UN) today announced its results for the three month period ended September 30, 2019 (the “third quarter”). THIRD QUARTER 2019 HIGHLIGHTS Comprehensive income of $0.3 million, an increase to income of $1.3 million when compared to the third quarter of 2018. This increase was due to lower fair value losses and financing expenses, partially offset by lower all...

TORONTO, Oct. 10, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (the “ REIT ” or “ Partners ”) (TSX: PAR.UN) and McCowan and Associates Ltd. (“ MAA ”) today jointly announced that the REIT has entered into an arrangement agreement (the “ Arrangement Agreement ”) with MAA pursuant to which MAA will acquire all of the outstanding units of the REIT (each a “ Unit ”), except for approximately 9,229,704 Units (representing approximately 20.03% of the outstanding...

BARRIE, Ontario, Aug. 07, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (the “REIT,” or “Partners”) (TSX: PAR.UN) today announced its results for the three month period ended June 30, 2019 (the “second quarter”). SECOND QUARTER 2019 HIGHLIGHTS Comprehensive loss of $1.0 million, a decrease to income of $2.8 million when compared to the second quarter of 2018. This decrease was due to lower all property NOI from the loss of income from the sale of 11 properties in the...

DEN HAAG, The Netherlands, July 10, 2019 (GLOBE NEWSWIRE) -- Levine Leichtman Capital Partners (“LLCP”), an international private equity firm headquartered in Los Angeles, was awarded the ACG Holland Deal of the Year Award for its investment in Squla (the “Company”) at the 2019 ACG Holland Growth Awards. LLCP acquired Squla in June 2018 in partnership with the existing management team, headed by CEO Serge Bueters. Squla is the leading consumer education brand for parents and their...

TORONTO, June 19, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (the “ REIT ” or “ Partners ”) (TSX: PAR.UN) announces the results of voting conducted on June 19, 2019 at the REIT’s annual general meeting of unitholders. A total of approximately 27,328,218 units (approximately 59.31% of the 46,079,063 units outstanding) were represented in person or by proxy. A summary of Trustee voting results is presented below: Votes For % Votes For Votes Withheld % Withheld Grant...

TORONTO, May 29, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (the “REIT” or “Partners”) (TSX: PAR.UN) today announced that its board of trustees (the “Board”) has initiated a process to explore and evaluate strategic alternatives available to the REIT, which may include, but is not limited to a sale of the REIT itself; a business combination with another party; and any other options that may be available and considered by the Board to be in the best interests of...

BARRIE, Ontario, May 08, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (the “REIT,” or “Partners”) (TSX: PAR.UN) today announced its results for the three month period ended March 31, 2019 (the “first quarter”). FIRST QUARTER 2019 HIGHLIGHTS Comprehensive income of $2.9 million, an increase to income of $5.1 million when compared to the first quarter of 2018. This improvement is primarily a result of $5.2 million of fair value losses in the prior year’s comparative...

TORONTO, May 08, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (the “REIT” or “Partners”) (TSX: PAR.UN) today announced that it has closed the previously announced sale of its eleven retail properties in Québec (the “Québec Sale Transaction”). Partners also announced a special cash distribution to all unitholders (“Unitholders”) of the REIT of a portion of the net proceeds from the Québec Sale Transaction, and the decision of Partners’ board of trustees (the...

BARRIE, Ontario, April 23, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust ("Partners REIT") (TSX: PAR.UN) is pleased to announce a $0.015 per Unit distribution for April 2019. The distribution will be paid on May 15, 2019 to unitholders of record as at April 30, 2019. Partners REIT currently has 46,079,673 Units outstanding. About Partners REIT Partners REIT is a real estate investment trust, which currently owns (directly or indirectly) 23 retail properties, located in Manitoba,...

BARRIE, Ontario, April 17, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (“Partners REIT”) (TSX: PAR.UN) announced today that the Chief Executive Officer of Partners REIT, Jane Domenico, has resigned, effective immediately, as an officer and trustee of Partners REIT to pursue other opportunities. “We wish to thank Jane for her service over the past several years. With the sale last year of our Western Canadian properties, and the pending sale of our Quebec properties, now...

BARRIE, Ontario, March 18, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (the “REIT,” or “Partners”) (TSX: PAR.UN) today announced its results for the three and twelve month periods ended December 31, 2018 (the “fourth quarter” and “full year 2018”, respectively). FULL YEAR 2018 HIGHLIGHTS Comprehensive loss of $32.9 million, a reduction to income of $38.2 million when compared to 2017. This reduction was due to an increase in fair value loss adjustments and...

BARRIE, Ontario, March 15, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust ("Partners REIT") (TSX: PAR.UN) is pleased to announce a $0.015 per Unit distribution for March 2019. The distribution will be paid on April 15, 2019 to unitholders of record as at March 29, 2019. Partners REIT currently has 46,079,673 Units outstanding. About Partners REIT Partners REIT is a real estate investment trust, which currently owns (directly or indirectly) 23 retail properties, located in...

TORONTO, March 11, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (the “REIT” or “Partners”) (TSX: PAR.UN) provides an update on the previously announced sale of its 11 Quebec retail properties (the “Quebec Sale Transaction”). The purchaser has waived its due diligence condition, but completion of the Quebec Sale Transaction remains subject to receipt of certain lender approvals and to a number of closing conditions. Following completion of the purchaser’s due...

TORONTO, Feb. 19, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust ("Partners REIT") (TSX: PAR.UN) is pleased to announce a $0.015 per Unit distribution for February 2019. The distribution will be paid on March 15, 2019 to unitholders of record as at February 28, 2019. Partners REIT currently has 46,079,673 Units outstanding. About Partners REIT Partners REIT is a real estate investment trust, which currently owns (directly or indirectly) 23 retail properties, located in Manitoba,...

TORONTO, Jan. 21, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust ("Partners REIT") (TSX: PAR.UN) is pleased to announce a $0.015 per Unit distribution for January 2019. The distribution will be paid on February 15, 2019 to unitholders of record as at January 31, 2019. Partners REIT currently has 46,079,673 Units outstanding. About Partners REIT Partners REIT is a real estate investment trust, which currently owns (directly or indirectly) 23 retail properties, located in Manitoba,...

TORONTO, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (the “REIT” or “Partners”) (TSX: PAR.UN) announces it has entered into an agreement for the sale of its 11 Quebec retail properties (the “Quebec Sale Transaction”). The Quebec Sale Transaction is subject to completion of satisfactory due diligence by the purchaser, satisfaction of any applicable Competition Act (Canada) requirements and certain customary closing conditions. Subject to satisfaction or...

TORONTO, Dec. 21, 2018 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (“Partners REIT” or the “REIT”) (TSX:PAR.UN) is pleased to announce that the terms of the Class Action settlement previously announced on October 31, 2018 between, among others, certain former trustees and a former officer of Partners REIT, have been approved by the Ontario Superior Court of Justice. Pursuant to those terms, the Class Action will be formally dismissed on or around January 28, 2019. The REIT...

TORONTO, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust ("Partners REIT") (TSX: PAR.UN) is pleased to announce a $0.015 per Unit distribution for December 2018. The distribution will be paid on January 15, 2019 to unitholders of record as at December 31, 2018. Partners REIT currently has 46,079,673 Units outstanding. About Partners REIT Partners REIT is a real estate investment trust, which currently owns (directly or indirectly) 23 retail properties, located in...

TORONTO, Dec. 11, 2018 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (the “REIT,” or “Partners”) (TSX: PAR.UN) announces the results of voting conducted on December 10, 2018, at a Special Meeting of Unitholders. A total of approximately 31,708,067 units (approximately 68.83% of 46,068,291 outstanding voting units as of the record date) were represented in person or by proxy. As set forth below, unitholders voted in favour of a special resolution approving certain amendments...

TORONTO, Nov. 23, 2018 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (“Partners REIT” or the “REIT”) (TSX:PAR.UN) announced on October 24, 2018 that the Board of Trustees has called a special meeting of unitholders to consider, and if deemed appropriate, pass a special resolution to amend the REIT’s Declaration of Trust to delete references to a unitholder vote being required for a sale of all or substantially all the assets of the REIT or for a liquidation or wind-up of...