Latest news with #GOResidentialRealEstateInvestmentTrust
Cision Canada
14-08-2025
- Business
- Cision Canada
GO RESIDENTIAL REAL ESTATE INVESTMENT TRUST ANNOUNCES INITIAL CASH DISTRIBUTION
TORONTO, Aug. 14, 2025 /CNW/ - GO Residential Real Estate Investment Trust (the " REIT") (TSX: GO.U) today announced a cash distribution of US$0.05325 per trust unit of the REIT (" Unit") for the period from July 31, 2025 (the closing date of the REIT's initial public offering) to August 31, 2025, representing US$0.639 per Unit on an annual basis. Payment will be made on or about September 15, 2025 to unitholders (" Unitholders") of record as of the close of business on August 29, 2025. All or a portion of distributions paid to Non-U.S. Holders (as defined in the Prospectus (as defined below)), including Canadian Unitholders, generally will be subject to U.S. withholding tax. For a general summary of the taxation of distributions paid to Unitholders, including information regarding U.S. withholding tax, please see the "Certain Canadian Federal Income Tax Considerations", "Certain U.S. Federal Income Tax Considerations" and "Risk Factors – Tax-Related Risks" sections in the REIT's prospectus dated July 24, 2025 (the " Prospectus"), a copy of which is available on the SEDAR+ website at Unitholders should consult their tax advisors for advice with respect to the tax consequences of receiving a distribution from the REIT in their particular circumstances. About GO Residential Real Estate Investment Trust GO Residential Real Estate Investment Trust is a newly created, internally managed, open ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The REIT has been formed to provide investors with an opportunity to invest in luxury high-rise multifamily properties (" LHRs") located in the New York metropolitan area and other major metropolitan cities in the United States. The REIT currently owns and operates a portfolio of five LHRs consisting of 2,015 luxury suites located in the borough of Manhattan, New York. Forward-Looking Statements This press release contains statements that include forward-looking information within the meaning of Canadian securities laws. These forward-looking statements reflect the current expectations of the REIT regarding future events, including statements concerning the intended monthly distributions of the REIT. In some cases, forward-looking statements can be identified by terms such as "may", "will", "could", "occur", "expect", "anticipate", "believe", "intend", "estimate", "target", "project", "predict", "forecast", "continue", or the negative thereof or other similar expressions concerning matters that are not historical facts. Material factors and assumptions used by management of the REIT to develop the forward-looking information include, but are not limited to, the REIT having sufficient cash to pay its distributions. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect. Although management believes the expectations reflected in such forward-looking statements are reasonable and represent the REIT's internal expectations and beliefs at this time, such statements involve known and unknown risks and uncertainties and may not prove to be accurate and certain objectives and strategic goals may not be achieved. A variety of factors, many of which are beyond the REIT's control, could cause actual results in future periods to differ materially from current expectations of events or results expressed or implied by such forward-looking statements, such as the risks identified in the Prospectus available at including under the heading "Risk Factors" therein. Readers are cautioned against placing undue reliance on forward-looking statements. Except as required by applicable Canadian securities laws, the REIT undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made.
Cision Canada
11-08-2025
- Business
- Cision Canada
GO RESIDENTIAL REAL ESTATE INVESTMENT TRUST ANNOUNCES INSIDER PURCHASES OF UNITS
TORONTO, Aug. 11, 2025 /CNW/ - GO Residential Real Estate Investment Trust (the " REIT") (TSX: GO.U) announces that Meyer Orbach, Chair of the REIT's Board of Trustees, and Joshua Gotlib, Chief Executive Officer and Chief Investment Officer of the REIT, have recently made open market purchases of the trust units of the REIT (the " Units"). Meyer Orbach has acquired, directly or indirectly, a total of 100,000 Units on the open market on the following dates: August 5, 2025: 23,027 Units at an average price per Unit of US$12.93; August 6, 2025: 39,064 Units at an average price per Unit of US$12.9742; and August 7, 2025: 37,909 Units at an average price per Unit of US$12.76. Joshua Gotlib has acquired, directly or indirectly, 10,000 Units on the open market on August 6, 2025 at an average price per Unit of US$12.9977. SOURCE GO Residential Real Estate Investment Trust
Cision Canada
25-07-2025
- Business
- Cision Canada
Canadian Investment Regulatory Organization Trade Resumption - GO.U Français
TORONTO, /CNW/ - Trading resumes in: Company: GO Residential Real Estate Investment Trust TSX Symbol: GO.U All Issues: Yes Resumption (ET): 9:30 AM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.. SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about CIRO, contact CIRO's Complaints & Inquiries team by submitting a Secure Form located on our contact page at or dialing 1-877-442-4322 (Option 1). For company-related enquiries, please contact the company directly.
Cision Canada
25-07-2025
- Business
- Cision Canada
Canadian Investment Regulatory Organization Trading Halt - GO.U Français
TORONTO, /CNW/ - The following issues have been halted by CIRO: Company: GO Residential Real Estate Investment Trust TSX Symbol: GO.U All Issues: Yes Reason: If as and when issued opening Halt Time (ET): 8:00 AM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about CIRO, contact CIRO's Complaints & Inquiries team by submitting a Secure Form located on our contact page at or dialing 1-877-442-4322 (Option 1). For company-related enquiries, please contact the company directly.
Globe and Mail
25-07-2025
- Business
- Globe and Mail
American luxury rental apartment owner GO Residential pulls off $560-million IPO in Canada
GO Residential Real Estate Investment Trust, a luxury rental apartment owner in New York City, pulled off its US$410-million initial public offering on the Toronto Stock Exchange, pricing its units at US$15 apiece. After converting to Canadian dollars, GO Residential is raising $560-million, making it one of the largest-ever real-estate IPOs in Canada. GO owns five rental towers in Manhattan along the East River, including the Copper Buildings, where the average monthly rent is US$8.05 per square foot. That amounts to US$8,050 per month for a 1,000-square-foot apartment. The company was co-founded by Joshua Gotlib and Meyer Orbach, who both have bought, managed and sold commercial properties in the NYC area. To help win over investors, the company lined up a cornerstone backer, Cohen & Steers Capital Management Inc., which will purchase US$90-million of additional shares, bringing the total size of the offering to US$500-million. Opinion: The IPO market is dead. Is a resurrection possible? Undervalued and ignored: Why young Canadian firms are looking to foreign investors and buyers GO launched the IPO in a tricky market for commercial real-estate companies, and the company has used a heavy amount of leverage to help fund its real-estate purchases. However, the REIT was still able to pull the deal off, and will use some proceeds to pay down debt. IPOs have been rare in Canada since the COVID-19 pandemic boom, and they are particularly rare for real-estate companies considering many REITs are trading far below their net asset values. In marketing documents for the IPO, the company said it raised money in Canada because of the country's 'established and supportive midcap REIT market.' (REITs return most of the cash they earn to their unit holders through distributions.) GO will pay a 4.26-per-cent annual yield. While GO is run by Americans, the REIT has brought Canadians into its management team and onto its board of trustees. The company's chief financial officer, Peter Sweeney, used to hold the same position at SmartCentres REIT and Lori-Ann Beausoleil, a retired partner from PricewaterhouseCoopers LLP who currently sits on several REIT boards, will join GO's board. CIBC World Markets and BMO Nesbitt Burns served as lead underwriters for the IPO.
