REIT

Custodian Property Income REIT plc: Investor Presentation via Investor Meet Company

Retrieved on: 
Wednesday, March 13, 2024

Custodian Property Income REIT plc: Investor Presentation via Investor Meet Company

Key Points: 
  • Custodian Property Income REIT plc: Investor Presentation via Investor Meet Company
    Custodian Property Income REIT (LSE: CREI), which seeks to deliver an enhanced income return by investing in a diversified portfolio of smaller, regional properties with strong income characteristics across the UK, is pleased to announce that the Company’s Investment Manager, Richard Shepherd-Cross, will provide a live presentation via Investor Meet Company on 8 March 2024 at 12:00pm.
  • The presentation is open to all existing and potential shareholders.
  • Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9:00am on 7 March 2024, or at any time during the live presentation.
  • Investors can sign up to Investor Meet Company for free and add to meet Custodian Property Income REIT via:

I-RES Commences Comprehensive Strategic Review

Retrieved on: 
Wednesday, March 13, 2024

As previously announced by the Company on 8 January 2024, following the release of our 2023 Full Year Financial Results today, I-RES is now commencing a strategic review which will comprise a comprehensive consideration of all strategic options to maximise value for Shareholders (the “Strategic Review”).

Key Points: 
  • As previously announced by the Company on 8 January 2024, following the release of our 2023 Full Year Financial Results today, I-RES is now commencing a strategic review which will comprise a comprehensive consideration of all strategic options to maximise value for Shareholders (the “Strategic Review”).
  • Based on extensive engagement with our Shareholders over the last few months, the Board recognises that many Shareholders welcome the comprehensive Strategic Review at this time.
  • The Board looks forward to continued engagement with Shareholders and plans to provide status updates to the market at key milestones throughout the Strategic Review process, beginning with an update ahead of the Company’s AGM in May.
  • There is no certainty that any change will result from the Strategic Review or that any sale, strategic investment or other transaction will be concluded, nor as to the terms on which any offer, strategic investment or other transaction may be made.

Custodian Property Income REIT plc: Update on recommended all-share merger with abrdn Property Income Trust Limited

Retrieved on: 
Wednesday, March 13, 2024

Custodian Property Income REIT plc: Update on recommended all-share merger with abrdn Property Income Trust Limited

Key Points: 
  • Custodian Property Income REIT plc: Update on recommended all-share merger with abrdn Property Income Trust Limited
    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
  • We firmly believe that the rational conclusion of this assessment would be to maintain its recommendation for the all-share merger with CREI.
  • Diversification – The Recommended Merger would bring together two complementary portfolios to create a differentiated REIT with enhanced diversification by sector, asset, geography and tenant.
  • While it is acknowledged that the ULR Offer is indicative, as at market close on 21 February 2024 the Recommended Merger represented a premium to the ULR Offer(4).

Yuexiu REIT's Revenue Up by 11.4% for 2023

Retrieved on: 
Thursday, March 7, 2024

HONG KONG, Mar 7, 2024 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, collectively known as the ?REIT?

Key Points: 
  • HONG KONG, Mar 7, 2024 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, collectively known as the ?REIT?
  • -- Operating revenue of the GZIFC complex was RMB1,031 million, accounting for 49.4% of the REIT's total revenue.
  • -- Yuexiu Financial Tower posted an operating revenue of approximately RMB399 million, representing 19.1% of the REIT's total revenue.
  • GZIFC and Yuexiu Financial Tower completed the renewal of Platinum Certification, and Wuhan Yuexiu Fortune Centre obtained the Net Zero Carbon Building Excellence Certification.

HEKTAR REIT Receives Two Inaugural Honors at Malaysia Top Achievers 2023 Award

Retrieved on: 
Thursday, February 29, 2024

KUALA LUMPUR, Feb 29, 2024 - (ACN Newswire) - Hektar Asset Management Sdn Bhd (Hektar Asset Management), the Manager for Hektar Real Estate Investment Trust (Hektar REIT) is pleased to announce that the Company is a proud recipient of two Awards at the esteemed Malaysia Top Achievers 2023 (MATA 2023), Sustainable Company of the Year Award to Hektar REIT, and Leadership Excellence in REIT Management Award to Executive Director and Chief Executive Officer Johari Shukri Jamil.

Key Points: 
  • KUALA LUMPUR, Feb 29, 2024 - (ACN Newswire) - Hektar Asset Management Sdn Bhd (Hektar Asset Management), the Manager for Hektar Real Estate Investment Trust (Hektar REIT) is pleased to announce that the Company is a proud recipient of two Awards at the esteemed Malaysia Top Achievers 2023 (MATA 2023), Sustainable Company of the Year Award to Hektar REIT, and Leadership Excellence in REIT Management Award to Executive Director and Chief Executive Officer Johari Shukri Jamil.
  • Johari Shukri Jamil, Executive Director & CEO of Hektar Asset Management said, "We are truly humbled and honoured to receive both the Sustainable Company of the Year award and Leadership Excellence in REIT Management award from MATA 2023.
  • We owe the recognitions to our incredible team, whose commitment and tireless dedication led us to these awards.
  • He further added, "The conferment of the Sustainable Company of the Year award to Hektar REIT is a testament to the REIT's industry-leading initiatives and its steadfast commitment to sustainability and community support.

Whitestone REIT Board of Trustees Rejects Nomination of Two Erez Candidates

Retrieved on: 
Thursday, March 7, 2024

HOUSTON, March 07, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT received notice that Erez Asset Management, LLC ("Erez") has nominated two candidates to stand for election to the Board of Trustees of Whitestone REIT (the “Whitestone Board”) at the 2024 annual meeting.

Key Points: 
  • HOUSTON, March 07, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT received notice that Erez Asset Management, LLC ("Erez") has nominated two candidates to stand for election to the Board of Trustees of Whitestone REIT (the “Whitestone Board”) at the 2024 annual meeting.
  • The Whitestone REIT Nominating and Governance Committee (“the Committee”) has conducted a comprehensive review and evaluation of Erez candidates Bruce Schanzer and Catherine Clark.
  • Pursuant to the recommendation of the Committee, the Whitestone Board will not nominate either candidate.
  • The Whitestone Board has strong retail REIT experience, as well as experience across a full range of disciplines that enhance their oversight capabilities.

One Liberty Properties Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, March 5, 2024

GREAT NECK, N.Y., March 05, 2024 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused primarily on net leased industrial properties, today announced operating results for the quarter and year ended December 31, 2023.

Key Points: 
  • Total operating expenses in the fourth quarter of 2023 were $14.3 million compared to $14.2 million for the three months ended December 31, 2022.
  • For the fourth quarter of 2023 net expenses were $5.2 million compared to net expenses of $4.6 million in the corresponding period of 2022.
  • Gain on sale of real estate was $12.0 million for the quarter ended December 31, 2023.
  • Acquisitions and dispositions in 2022 and 2023 contributed, on a net basis, approximately $1.8 million to 2023 rental income.

Healthcare Realty Trust Announces Planned Retirement of Two Directors and 2024 Nominees

Retrieved on: 
Monday, March 4, 2024

NASHVILLE, Tenn., March 04, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) today announced the nomination of 11 of its current 13 directors to stand for election to its Board of Directors at the Company’s annual meeting of stockholders to be held on May 21, 2024.

Key Points: 
  • NASHVILLE, Tenn., March 04, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) today announced the nomination of 11 of its current 13 directors to stand for election to its Board of Directors at the Company’s annual meeting of stockholders to be held on May 21, 2024.
  • The Board has also fixed its size at 11 directors pursuant to the authority granted under the Company’s bylaws.
  • Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses.
  • Healthcare Realty, its directors and certain of its executive officers may be deemed to be participants in the solicitation of proxies from stockholders in connection with the matters to be considered at Healthcare Realty’s 2024 annual meeting of stockholders.

Sun Communities, Inc. to Present at the 2024 CITI Global Property CEO Conference

Retrieved on: 
Thursday, February 29, 2024

Southfield, MI, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing and recreational vehicle communities and marinas, today announced that Gary A. Shiffman, Chairman, President and Chief Executive Officer, will present at the 2024 Citi Global Property CEO Conference in Hollywood, Florida, on Tuesday, March 5, 2024, at 1:30 p.m. Eastern Standard Time.

Key Points: 
  • Southfield, MI, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing and recreational vehicle communities and marinas, today announced that Gary A. Shiffman, Chairman, President and Chief Executive Officer, will present at the 2024 Citi Global Property CEO Conference in Hollywood, Florida, on Tuesday, March 5, 2024, at 1:30 p.m. Eastern Standard Time.
  • For investors interested in listening to the presentation, a live audio-webcast in listen-only mode will be provided in the Events Calendar section of the Company's website at: www.suninc.com/event-calendar.
  • A replay of the webcast will be available for 90 days.

Virtus Diversified REIT Announces Lease Renewal with Crown Corporation at Timmins, Ontario Property

Retrieved on: 
Thursday, February 29, 2024

TORONTO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Virtus Capital Corporation, the asset manager of Virtus Diversified REIT is pleased to announce a lease renewal from the sole tenant, a federal government owned Crown Corporation, at the commercial property located in Timmins, Ontario.

Key Points: 
  • TORONTO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Virtus Capital Corporation, the asset manager of Virtus Diversified REIT is pleased to announce a lease renewal from the sole tenant, a federal government owned Crown Corporation, at the commercial property located in Timmins, Ontario.
  • The renewed lease extends the tenancy agreement through January 31, 2030, ensuring continued occupancy and revenue stability for this key asset in our portfolio.
  • The Timmins, Ontario property is strategically located in a prime commercial area, offering excellent access to amenities and public transportation.
  • For more information about Virtus Diversified REIT and its investment opportunities, please visit www.vreit.ca .