Latest news with #realestateinvestmenttrust
Bloomberg
3 days ago
- Business
- Bloomberg
Citi's Azevedo Sees Busy 2H for Gulf Listings
The UAE is seeing renewed momentum in equity capital markets heading into the second half of 2025. Planned deals are building on the successful debut of a residential real estate investment trust -- which helped revive sentiment after several disappointing listings late last year. Meanwhile, the picture is somewhat muted over in Saudi Arabia, as firms eyeing share sales face investor caution over valuations. Miguel Azevedo, Managing Director & Investment Banking Vice-Chair for Middle East & Africa at Citi spoke to Horizons Middle East and Africa anchor Joumanna Bercetche. (Source: Bloomberg)
National Post
6 days ago
- Business
- National Post
Dream Industrial REIT Q2 2025 Financial Results Release Date, Webcast and Conference Call
Article content TORONTO — DREAM INDUSTRIAL REIT (TSX: ('Dream Industrial') will be releasing its financial results for the quarter ended June 30, 2025, on Tuesday, August 5, 2025. Article content Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast. Article content Article content About Dream Industrial Article content Dream Industrial REIT is an owner, manager, and operator of a global portfolio of well-located, diversified industrial properties. As at March 31, 2025, Dream Industrial REIT has an interest in and manages a portfolio which comprises 336 industrial assets (549 buildings) totalling approximately 72.6 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT's objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment grade balance sheet. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. For more information, please visit our website at Article content Article content Article content Article content Contacts Article content For further information, please contact: Article content
Yahoo
01-07-2025
- Business
- Yahoo
Terreno Realty Executes Lease in New Jersey, Sees Healthy Demand
Terreno Realty TRNO recently announced the execution of an 81,000 square foot lease in Avenel, NJ. The lease commenced on June 30, 2025, and is scheduled to expire in November 2030. The lessee of the agreement is a provider of third-party logistics. TRNO, which acquires, owns and operates industrial real estate in six major coastal U.S. markets, has been experiencing healthy demand for its properties from both new and existing tenants. Apart from the above lease, last week, this real estate investment trust (REIT) announced the execution of a 103,000 square foot lease in Redondo Beach, CA, with an in-space mobility provider. TRNO is experiencing healthy leasing activity, as evident in its performance in the first quarter of 2025. Its operating portfolio was 96.6% leased to 663 tenants as of March 31, 2025. TRNO's same-store portfolio of 15.6 million square feet was 97.4% leased as of March 31, 2025. For the company's improved land portfolio of 47 parcels spanning 150.6 acres, the leased rate was 95.1% as of March 31, 2025. Terreno Realty was able to lock in higher rents on new and renewed leases during the quarter. The cash rents on new and renewed leases commencing during the first quarter of 2025 climbed 34.2%. Moreover, the tenant retention ratio was 71.7% for the operating portfolio. With a solid operating platform, a healthy balance sheet position and strategic expansion moves, TRNO seems well-positioned to capitalize on long-term growth opportunities. However, amid macroeconomic uncertainty and geopolitical issues, customers remain focused on cost controls and delay their decision-making with respect to leasing. This is a concern for the company. Over the past three months, shares of this Zacks Rank #3 (Hold) company have lost 10.4% compared with the industry's decline of 0.7%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader REIT sector are Uniti Group UNIT and CareTrust REIT CTRE, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for UNIT's 2025 FFO per share stands at $1.50, indicating an increase of 11.1% year over year. The Zacks Consensus Estimate for CTRE's 2025 FFO per share is pegged at $1.81, indicating an increase of 20.7% year over year. Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Terreno Realty Corporation (TRNO) : Free Stock Analysis Report CareTrust REIT, Inc. (CTRE) : Free Stock Analysis Report Uniti Group Inc. (UNIT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
25-06-2025
- Business
- National Post
Strategic Storage Growth Trust III, Inc. Acquires Class A Self-Storage Facility in Vancouver, British Columbia
Article content LADERA RANCH, Calif. — Strategic Storage Growth Trust III, Inc. ('SSGT III'), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. ('SmartStop'), is pleased to announce the acquisition of a Class A self-storage facility located at 1305 East 7th Avenue in Vancouver, British Columbia. Article content This five-level, purpose-built facility offers approximately 52,400 net rentable square feet and features 790 climate-controlled interior units, five drive-up units, and five underground parking stalls. It includes two elevators for convenient customer access and is located in a dense residential area with strong household incomes and projected population growth of approximately 8% over the next five years. Article content Article content With visibility to roughly 25,000 vehicles per day, the facility is well-positioned to meet demand from both residents and local businesses across Grandview-Woodland, Mount Pleasant, Strathcona, Hastings-Sunrise, Kensington-Cedar Cottage, Renfrew-Collingwood, and Riley Park. Article content Adding to the strength of this acquisition is the City of Vancouver's increasingly restrictive stance on new self-storage development. Recent zoning changes limit the ability to build new facilities, particularly in transit-oriented and industrial zones, making approved, purpose-built assets like this one both rare and highly valuable in the market. Article content 'This facility is a rare find in a highly constrained market and aligns perfectly with our strategy of acquiring well-located, high-quality assets in dense, growing urban areas,' said H. Michael Schwartz, CEO of SSGT III. 'With Vancouver's tightening development restrictions and strong demographic trends, we believe this property is well-positioned to deliver long-term value.' Article content About Strategic Storage Growth Trust III, Inc. (SSGT III): Article content SSGT III is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III's primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of June 25, 2025, SSGT III has a portfolio of 13 operating properties in the United States, comprising approximately 10,420 and 1,229,675 net rentable square feet; five operating properties in Canada, comprising approximately 3,170 units and 325,190 net rentable square feet; and joint venture interests in three developments in two Canadian provinces (Québec and British Columbia). In addition, a subsidiary of SSGT III serves as the sponsor of a Delaware Statutory Trust, which currently owns two operating properties in the United States comprising approximately 1,040 units and 123,000 net rentable square feet. Article content About SmartStop Self Storage REIT, Inc. (SmartStop): Article content SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of June 25, 2025, SmartStop has an owned or managed portfolio of 229 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 164,300 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 43 operating self-storage properties in Canada, which total approximately 36,400 units and 3.7 million rentable square feet. Additional information regarding SmartStop is available at Article content Article content Article content Contacts Article content David Corak Article content Article content Article content
National Post
17-06-2025
- Business
- National Post
SmartStop Self Storage REIT, Inc. Acquires Five Premium Self-Storage Facilities in the Houston Metropolitan Area
Article content LADERA RANCH, Calif. — SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced the acquisition of five Class A, high-quality self-storage properties strategically located throughout the Houston Metropolitan Statistical Area. Article content The newly acquired portfolio features a diverse mix of multi- and single-story facilities that collectively offer more than approximately 420,000 net rentable square feet and approximately 3,800 storage units, including climate-controlled units and RV spaces. Each facility is well-positioned within a high-demand submarket of Houston, benefiting from strong demographic profiles, high traffic visibility, and proximity to residential and retail development. Article content The newly acquired properties are located at: Article content 2412 W Holcombe Blvd, Houston, Texas 21836 Holzwarth Rd, Spring, Texas 9040 Louetta Rd, Spring, Texas 32620 FM2978, Magnolia, Texas 18250 Interstate 45 S, Shenandoah, Texas Article content These facilities will serve a range of high-demand neighborhoods and communities, including West University Place, Braeswood Place, and the Texas Medical Center in central Houston; Gleannloch Farms, Spring Creek Oaks, and Old Town Spring in northern Spring; as well as affluent suburban areas such as The Woodlands, Shenandoah, Magnolia, and NorthGrove. Many of these communities have experienced sustained population growth, increasing the need for convenient, secure, and modern storage solutions. Article content 'We commend Kathy and Scott Tautenhahn for developing a portfolio of such high-quality, well-located assets,' said Wayne Johnson, President and Chief Investment Officer of SmartStop. 'These properties exemplify the type of institutional-grade investments that align with our long-term strategy—targeting high-growth markets with strong demographics and enduring demand. We're also grateful to Aaron Swerdlin with Newmark for his active involvement throughout the entire transaction process.' Article content About SmartStop Self Storage REIT, Inc. (SmartStop): Article content SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of June 17, 2025, SmartStop has an owned or managed portfolio of 227 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 162,700 units and 18.3 million rentable square feet. SmartStop and its affiliates own or manage 42 operating self-storage properties in Canada, which total approximately 35,700 units and 3.6 million rentable square feet. Additional information regarding SmartStop is available at Article content Article content Article content Article content
