Core Insights - Canadian Net Real Estate Investment Trust reported strong second quarter results with an 8% year-to-date increase in Funds from Operations (FFO) per unit, reflecting successful property acquisitions and a disciplined growth strategy [2][4][8] - The REIT maintained a 100% occupancy rate in its focused portfolio of single-tenant, triple-net, and necessity-based properties, indicating resilience and demand in the market [3][4] - A conservative payout ratio of 52% supports the recently announced distribution increase and allows for further growth and stability [3][9] Financial Performance for Q2 2025 - FFO for Q2 2025 was $3.4 million, or $0.166 per unit, an increase of 8% from $3.2 million, or $0.154 per unit in Q2 2024 [4][17] - Rental income reached $6.9 million, up 4.4% from Q2 2024, while Net Operating Income (NOI) was $5.0 million, reflecting a 4.9% increase [4][17] - The REIT reported a net loss attributable to unitholders of $1.35 million, significantly improved from a net loss of $8.92 million in Q2 2024 [5][17] Financial Performance for the 6-Month Period Ended June 30, 2025 - For the six-month period, FFO was $6.8 million, or $0.330 per unit, an 8% increase compared to $6.3 million, or $0.306 per unit in the same period of 2024 [6][7] - Total rental income for the six months was $13.7 million, a 4.6% increase from the previous year, with NOI at $10.0 million, up 4.1% [7][12] - The REIT generated a net income attributable to unitholders of $8.8 million, a significant turnaround from a net loss of $7.7 million in the same period last year [7][12] Distribution Information - Canadian Net announced monthly cash distributions of $0.02917 per unit, totaling $0.35 per unit on an annualized basis, for October, November, and December 2025 [9][10] - The distributions are set for unitholders of record on October 15th, November 14th, and December 15th, 2025 [9][10] Non-IFRS Financial Measures - The increase in FFO was attributed to higher rental income from property acquisitions and lower interest charges on credit facilities [8][12] - NOI growth was primarily driven by increased rental income from property acquisitions, while net income variance was mainly due to changes in the fair value of investment properties [8][12]

Core Insights - Canadian Net Real Estate Investment Trust reported an 8% year-to-date increase in Funds from Operations (FFO) per unit for Q2 2025, reflecting successful property acquisitions and a disciplined growth strategy [2][4][8] - The REIT maintained a 100% occupancy rate in its portfolio of single-tenant, triple-net, and necessity-based properties, with a conservative payout ratio of 52% supporting distribution increases and future growth [3][4][9] Financial Results for Q2 2025 - FFO for Q2 2025 was $3.4 million, or $0.166 per unit, an increase of 8% from $3.2 million, or $0.154 per unit in Q2 2024 [4][6] - Rental income reached $6.9 million, up 4.4% from Q2 2024, while Net Operating Income (NOI) was $5.0 million, reflecting a 4.9% increase [4][7] - The REIT reported a net loss attributable to unitholders of $1.35 million in Q2 2025, significantly improved from a net loss of $8.92 million in Q2 2024 [5][17] Financial Results for the 6-Month Period Ended June 30, 2025 - For the six-month period, FFO totaled $6.8 million, or $0.330 per unit, an 8% increase compared to $6.3 million, or $0.306 per unit in the same period of 2024 [6][7] - Rental income for the six-month period was $13.7 million, a 4.6% increase from the previous year, with NOI at $10.0 million, up 4.1% [7][8] - The REIT generated a net income attributable to unitholders of $8.8 million for the six-month period, a turnaround from a net loss of $7.7 million in the same period last year [7][17] Distribution Announcements - Canadian Net announced monthly cash distributions of $0.02917 per unit for October, November, and December 2025, equating to an annualized distribution of $0.35 per unit [9][10] Selected Financial Information - Key financial metrics for the period ended June 30, 2025, include: - Property rental income: $13.73 million, up 5% from 2024 - Net income: $8.83 million, a significant increase from a loss of $7.66 million - NOI: $10.01 million, a 4% increase - Total assets: $316.84 million, an 8% increase from the previous year [12][18] Non-IFRS Financial Measures - The increase in FFO was attributed to higher rental income from property acquisitions and lower interest charges on credit facilities [8][19] - Adjusted Funds from Operations (AFFO) for Q2 2025 was $3.23 million, a 13% increase from the previous year, with AFFO per unit at $0.157 [18][19] Future Outlook - The company remains confident in its ability to deliver sustainable performance and continue building on its solid foundation, supported by its disciplined growth strategy and strong portfolio [2][3]

Strong operating results following a strategic transition to a pure-play industrial REITTORONTO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the second quarter ended June 30, 2025. “The second quarter marked our first as a pure-play industrial REIT, and our strong operating results continued. Compared to a year ago, our normalized FFO per unit grew 5.6%, and industrial SPNOI grew 2.8%” said Kelly Hanczyk, CEO of Nexus Industrial REIT. “O ...

Core Insights - American Healthcare REIT, Inc. reported strong second quarter results for 2025, leading to an increase in full-year guidance for Same-Store NOI growth and NFFO [1][3][12] Financial Performance - The Company achieved Same-Store NOI growth of 13.9% for Q2 2025 compared to Q2 2024, with significant contributions from the ISHC and SHOP segments, which grew by 18.3% and 23.0% respectively [4][5][6] - Reported GAAP net income attributable to controlling interest was $9.9 million, translating to $0.06 per diluted share for Q2 2025 [6][30] - Normalized Funds from Operations (NFFO) for Q2 2025 was reported at $0.42 per diluted share [6][32] Operational Highlights - The Company has seen a broad-based increase in demand across its operating portfolio, with occupancy rates improving significantly, particularly in independent and assisted living units [5][11] - The total portfolio Same-Store NOI growth guidance for the year ending December 31, 2025, has been increased to a range of 11.0% to 14.0% [6][12] Capital Markets Activity - During Q2 2025, the Company issued 5,451,577 shares of common stock through its ATM program, raising approximately $188.6 million [10][11] - The Company has closed on approximately $255 million of new investments year-to-date 2025 [6][10] Balance Sheet and Liquidity - As of June 30, 2025, the Company reported total consolidated indebtedness of $1.55 billion and total liquidity of approximately $733.5 million [9][28] - The Net Debt-to-Annualized Adjusted EBITDA improved to 3.7x from 4.5x as of March 31, 2025 [6][9] Future Outlook - The Company anticipates continued strong performance in the second half of 2025, driven by ongoing occupancy improvements and effective asset management strategies [5][11] - Full-year guidance for NFFO has been increased to a range of $1.64 to $1.68 per diluted share, reflecting improved expectations for NOI growth [6][12]

Financial Data and Key Metrics Changes - Net income for Q2 2025 decreased 72% to $600,000 or $0.03 per share compared to $2,000,000 or $0.11 per share in the same period last year, primarily due to due diligence related legal expenses and lower interest income [3] - The company's pro rata share of NOI in Q2 increased 5% year over year to $9,700,000, driven by higher contributions from multifamily and mining royalty segments [3][19] Business Line Data and Key Metrics Changes - The multifamily segment contributed an additional $57,000 of NOI year over year, while the mining segment contributed an additional $637,000 of NOI [3] - The industrial and commercial segment NOI decreased by $177,000 year over year due to tenant eviction and lease expirations [4] - Mining and royalty business segment revenues and NOI for the quarter totaled $3,600,000 and $3,700,000 respectively, an increase of 1221% over the same period last year [6] - The multifamily segment reported total revenues and NOI of $14,600,000 and $8,200,000 respectively, with a 94% occupancy rate for apartments and 83% for retail space [7] Market Data and Key Metrics Changes - The average rental rate of expiring industrial leases was $6.55 triple net, with expectations for new rental rates to start in the sevens or greater [15] - New deliveries in the DC market are expected to pressure vacancies, concessions, and revenue growth in the foreseeable future [9] Company Strategy and Development Direction - The company plans to continue focusing on leasing existing industrial space and managing the delivery of new industrial products for 2026 [15][20] - The company is pursuing a business opportunity that involves legal expenses, but this does not indicate a shift in strategy [24] - The company aims to double the size of its industrial portfolio by 2030 [20] Management's Comments on Operating Environment and Future Outlook - Management cautioned that NOI growth would be flat or slightly negative during the time it takes to lease up the first building in the industrial development growth strategy [18] - The company anticipates challenges in matching 2024's NOI numbers due to a nonrepeatable event in the mining royalties segment [19] - Management remains optimistic about rental rates and expects market vacancies to top out in 2025, which should bode well for demand and rent growth [15] Other Important Information - The company is in the predevelopment stage for a 170-acre industrial land project in Cecil County, Maryland, with permits expected in early 2026 [11] - The multifamily development project in Greenville, South Carolina, is expected to be ready for lease up in Q4 2027 [14] Q&A Session Summary Question: Inquiry about legal expenses related to a potential new investment - Management confirmed that the legal expenses are related to pursuing a business opportunity but clarified that it does not indicate a shift in strategy [24][25]

Financial Performance Highlights - Net income decreased by 32% to $23 million in Q2'25 compared to $33 million in Q2'24, and decreased by 72% to $06 million YTD compared to $20 million YTD, largely due to professional fees related to a transaction and lower net interest income [6] - Pro rata NOI increased by 7% to $191 million in Q2'25 compared to $178 million in Q2'24, and increased by 5% to $97 million YTD compared to $92 million YTD [6] - Pro rata revenue increased to $13997 million in Q2'25 from $13309 million in Q2'24, and increased to $27426 million YTD in 2025 from $26127 million YTD in 2024 [8] Segment Performance - Multifamily segment pro rata NOI increased by 1% to $4737 million in Q2'25 compared to Q2 2024, and increased by 2% to $9367 million YTD compared to YTD 2024, primarily due to improved occupancy at The Verge and Dock 79 [6, 11, 12] - Industrial and Commercial segment NOI decreased by 15% to $1010 million in Q2'25 compared to Q2 2024, and decreased to $2149 million YTD compared to YTD 2024, primarily due to an eviction and lease expirations [6, 15, 16] - Mining Royalty Lands segment NOI increased by 21% to $3665 million in Q2'25 compared to Q2 2024, and increased by 20% to $6949 million YTD compared to YTD 2024, primarily due to a reduction in royalty payments in the prior year [6, 21] Development and Strategic Initiatives - Amended the Company's Credit Agreement with Wells Fargo, establishing a five-year, $50 million revolver at SOFR + 225% [6] - Entered a JV with Strategic Real Estate Partners to develop 377892 square feet of industrial space in Lake County, FL [6] - Development activity continues with construction started on Lakeland, FL (200000 sq ft warehouse), Davie, FL (182000 sq ft warehouse redevelopment), and "Woven" – Greenville, SC (214 multifamily units and 14000 retail sq ft multifamily development) in Q2 '25 [10, 27]

Core Viewpoint - Plymouth Industrial REIT, Inc. reported a net loss of $6.2 million for Q2 2025, a significant decline from a net income of $1.2 million in Q2 2024, primarily due to the deconsolidation of its Chicago Portfolio and increased expenses related to preferred units [4][9][10]. Financial Results - The company’s total revenues for Q2 2025 were $47.2 million, down from $48.7 million in Q2 2024 [5]. - The net loss attributable to common stockholders was $0.14 per share for Q2 2025, compared to a profit of $0.03 per share in the same period last year [4][10]. - Core Funds from Operations (Core FFO) for Q2 2025 were $20.9 million, or $0.46 per share, down from $21.8 million, or $0.48 per share, in Q2 2024 [9][10]. - Adjusted Funds from Operations (AFFO) for Q2 2025 were $19.9 million, or $0.44 per share, compared to $22.3 million, or $0.49 per share, in Q2 2024 [10]. Leasing and Occupancy - The company executed over 5.9 million square feet of leasing year-to-date, with a 10% increase in rental rates on a cash basis for leases commencing in Q2 2025 [3][6]. - Same store net operating income (SS NOI) increased by 6.7% on a GAAP basis and 4.1% on a cash basis compared to Q2 2024 [6][7]. - The same store portfolio, comprising 168 buildings, had an occupancy rate of 95.0% as of June 30, 2025 [7][19]. Acquisition and Capital Management - The company acquired an industrial portfolio of 21 buildings totaling 1,951,053 square feet for $193 million, with an expected initial net operating income (NOI) yield of 6.7% [6][19]. - A single-tenant building in Atlanta was acquired for $11.7 million, with an expected initial NOI yield of 7.0% [19]. - Plymouth has repurchased 1,031,223 shares of common stock at an average price of approximately $16.23 under its share repurchase program [6][13]. Guidance and Future Outlook - The company affirmed its full-year 2025 guidance for Core FFO per weighted average common share and updated its range for net income per weighted average common shares [21][22]. - The guidance includes a projected Core FFO range of $1.85 to $1.89 per share and same store portfolio NOI growth of 6.0% to 6.5% [22][23].

SALE OF INVESTMENT PROPERTIES FOR GROSS PROCEEDS OF $15 MILLIONSAME PROPERTY NOI INCREASENAV GROWTH AND DECLINING AFFO PAYOUT RATIO TORONTO, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Firm Capital Property Trust (“FCPT” or the “Trust”), (TSX: FCD.UN) is pleased to report its financial results for the three and six months ended June 30, 2025. PROPERTY PORTFOLIO HIGHLIGHTSThe portfolio consists of 62 commercial properties with a total gross leasable area (“GLA”) of 2,427,383 square feet, five multi-residential complex ...

Financial Results - Elme Communities reported a net loss per diluted share of $(0.04) for the quarter ended June 30, 2025, consistent with the same period in 2024 [1] - Core Funds From Operations (FFO) per diluted share increased to $0.24 from $0.23 year-over-year [1] Operational Highlights - Same-store multifamily Net Operating Income (NOI) increased by 4.5% compared to the prior year quarter, driven by higher rental revenue and fee income [8][9] - Average occupancy for the same-store multifamily portfolio was 94.7%, up 0.2% from the prior year [8][9] - Retention rate for leases was 62%, aligning with expectations [8] Strategic Review Update - Elme announced a Purchase and Sale Agreement with Cortland Partners for the sale of 19 multifamily communities for approximately $1.6 billion [4] - The Board of Trustees approved a voluntary plan of sale and liquidation for the remaining assets of Elme Communities [4] Balance Sheet - As of June 30, 2025, Elme had available liquidity of $330 million, consisting of cash and availability under its revolving credit facility [8] - The annualized Net Debt to Adjusted EBITDA ratio was 5.6x, indicating a strong balance sheet with only $125 million of debt maturing before 2028 [8] Dividends - Elme Communities paid a quarterly dividend of $0.18 per share on July 3, 2025, and declared another dividend of $0.18 per share to be paid on October 3, 2025 [10]

Core Insights - Vornado Realty Trust's second-quarter 2025 adjusted funds from operations (FFO) were 56 cents per share, exceeding the Zacks Consensus Estimate of 53 cents, but reflecting a 1.8% decline year over year [1][11] - Total revenues for the quarter were $441.4 million, falling short of the Zacks Consensus Estimate of $455.4 million, and representing a nearly 2% decrease year over year [2] Financial Performance - Total same-store net operating income (NOI) for the quarter was $260.8 million, up from $247.4 million in the prior-year quarter, with increases in the New York, THE MART, and 555 California Street portfolios of 1.8%, 57.7%, and 3.1% respectively [3][11] - The New York office portfolio saw leasing of 1,479,000 square feet at an initial rent of $101.44 per square foot, with a weighted average lease term of 6.8 years [4] - In the New York retail portfolio, 57,000 square feet were leased at an initial rent of $96.77 per square foot, with a weighted average lease term of 8.1 years [5] - At THE MART, 127,000 square feet were leased at an initial rent of $50.87 per square foot, with a weighted average lease term of 5.6 years [6] Portfolio Activity - A joint venture with a 55% interest sold 512 West 22nd Street, a 173,000 square foot office building, for $205 million [8] - Another joint venture with a 50% interest completed the sale of the 49 West 57th Street commercial condominium during the same period [8] Occupancy Rates - The total New York portfolio occupancy was 85.2%, down 310 basis points year over year, while THE MART's occupancy was 78.2%, up 130 basis points year over year, and 555 California Street's occupancy was 92.3%, down 220 basis points year over year [7] Balance Sheet - Vornado ended the quarter with cash and cash equivalents of $1.2 billion, an increase from $568.9 million as of March 31, 2025 [9]