Latest news with #industrialproperties
Yahoo
30-07-2025
- Business
- Yahoo
Terreno Realty sells Florida industrial portfolio for $82.3M
Terreno Realty (TRNO) Corporation sold a portfolio of industrial properties located in Doral, Florida, on July 28 for approximately $82.3M. The portfolio consists of six buildings containing approximately 302K square feet on 14.6 acres, 91% leased to 21 tenants. The portfolio was purchased by the company on May 22, 2013, for $23.7M, generating an unleveraged internal rate of return of 14.7%. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on TRNO: Disclaimer & DisclosureReport an Issue TRNO Earnings this Week: How Will it Perform? Terreno Realty price target raised to $72 from $54 at Wells Fargo Terreno Realty announces leases in California Terreno Realty acquires industrial property in New York for $31.1M Terreno Realty executes lease in New Jersey Sign in to access your portfolio
Yahoo
17-07-2025
- Business
- Yahoo
Dream Industrial REIT Q2 2025 Financial Results Release Date, Webcast and Conference Call
TORONTO, July 17, 2025--(BUSINESS WIRE)--DREAM INDUSTRIAL REIT (TSX: ("Dream Industrial") will be releasing its financial results for the quarter ended June 30, 2025, on Tuesday, August 5, 2025. Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast. Conference Call: Date: Wednesday, August 6, 2025 at 11:00 a.m. (ET) Audio: 1-833-752-4413 (toll free) 647-849-3202 (toll) Webcast: A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream Industrial REIT's website at and click the link for the webcast. Digital Replay: A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream Industrial's website. About Dream Industrial 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 View source version on Contacts For further information, please contact:Alexander Sannikov President and Chief Executive Officer(416) 365-4106asannikov@ Lenis Quan Chief Financial Officer(416) 365-2353lquan@ 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
17-07-2025
- 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
16-07-2025
- Business
- Yahoo
Mizuho Lifts Prologis (PLD) Price Target to $109, Maintains 'Neutral'
Prologis, Inc. (NYSE:PLD) is one of Goldman Sachs' top REIT stock picks. On July 7, Mizuho lifted its price target on Prologis from $105 to $109, while maintaining the rating at Neutral. Mizuho cited Prologis's 'expected stable occupancy' as a key factor supporting the price target increase, with the company indicating a better-than-expected occupancy trajectory for the first half of 2025. Copyright: kzenon / 123RF Stock Photo Mizuho cited likely positive commentary on Prologis's ancillary business segments as justification for this premium valuation. The investment firm expects a better-than-expected occupancy trajectory in the first half of 2025. Mizuho highlighted Prologis's development starts and margins as important metrics. It noted that the company's focus on high-quality industrial properties supports stable cash flows. The firm further stated that Prologis's consensus view expects the company's current FFO guidance to remain intact. Prologis, Inc. (NYSE:PLD) is the world's largest industrial REIT, managing a portfolio of over 1.3 billion square feet across 5,900 logistics facilities in 20 countries. Headquartered in San Francisco, the company serves more than 6,500 customers, including Amazon, FedEx, and Home Depot, through strategically located warehouses that support e-commerce, retail, and supply chain operations. While we acknowledge the potential of PLD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Goldman Sachs Healthcare Stocks: Top 10 Stock Picks and 11 Best Green Energy Penny Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Globe and Mail
27-06-2025
- Business
- Globe and Mail
Parkit Completes Sale of Winnipeg Industrial Asset Portfolio for Cash and an Investment in PROREIT
Toronto, Ontario--(Newsfile Corp. - June 27, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), has completed the sale of a portfolio of six industrial properties located in Winnipeg, Manitoba (the " Properties") to a subsidiary of PRO Real Estate Investment Trust (TSX: (" PROREIT") for proceeds of $96,500,000, subject to customary adjustments (the " Transaction"). Parkit received $40 million of the proceeds in the form of 6,451,613 units of PROREIT and its subsidiary PRO REIT Limited Partnership (" PROREIT LP"), in aggregate. PROREIT and PROREIT LP are not related parties of Parkit and the Transaction constitutes an arm's length transaction for the purposes of the TSX Venture Exchange policies. Sale Price and Proceeds The sale price for the Transaction is $96,500,000, subject to adjustments. The Properties include six industrial properties that have a total of 678,177 square feet of gross leasable area. $40 million of the sale price has been paid by the issuance to Parkit of 3,776,613 trust units of PROREIT (" Trust Units") and 2,675,000 Class B LP Units (" Class B LP Units") of PROREIT LP, both at a price of $6.20 per unit, totaling an aggregate of 6,451,613 units, and representing an approximate 9.6% ownership interest in PROREIT. Each Class B LP Unit is exchangeable for a Trust Unit of PROREIT and is attached to a special voting unit of PROREIT providing for a voting right in PROREIT. PROREIT is an unincorporated open-ended real estate investment trust which owns a portfolio of high-quality commercial real estate properties in Canada, with a strong industrial focus in robust secondary markets. The Trust Units of PROREIT trade on the Toronto Stock Exchange (the " TSX"). Concurrent with the closing of the Transaction, PROREIT and Parkit have entered into an investor rights agreement providing for, among other things, pre-emptive rights for the purchase by Parkit of Trust Units on a PROREIT offering, registration rights for the sale of the Trust Units (including Class B LP Units exchanged for Trust Units) that Parkit acquires, the right for Parkit to nominate one trustee to PROREIT's board of trustees, and certain lock-up and standstill provisions. The initial Parkit nominee to the PROREIT board of trustees is Steven Scott, Chairman of Parkit. Steven Scott, Chairman of Parkit's board, stated, "We are excited to make this significant investment in PROREIT and look forward to working with Gord and his team on future opportunities." Gordon Lawlor, President and CEO of PROREIT, stated, "We are pleased to strengthen our industrial footprint in Winnipeg and to form a strategic relationship with Parkit, including welcoming Steven Scott to our board of trustees following closing. With aligned interests and complementary expertise, we see meaningful opportunities to pursue further growth together." About Parkit Enterprise Inc. Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. In addition, Parkit has parking assets across various markets in the United States of America. Parkit's Common Shares are listed on TSX-V (Symbol: PKT). For more information, please contact Mr. Carey Chow, Mr. Iqbal Khan or Mr. Steven Scott: Investor Relations Contact Number: 1-888-627-9881 Email: ir@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information in relation to: statements regarding the Transaction, including the investor rights agreement and the rights and potential exercise of the rights under such agreement; potential future opportunities with PROREIT; and Parkit's focus on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. This forward-looking information reflects Parkit's current beliefs and is based on information currently available to Parkit and on assumptions Parkit believes are reasonable. These assumptions include, but are not limited to: the receipt of final TSXV approval for the Transaction; market acceptance of the Transaction; the level of activity in the industrial real estate business and the economy generally; continued consumer interest in Parkit's services and products; Parkit's continued ability to acquire properties that are in-line with its strategic focus, including prioritizing environmental investments; Parkit's continuing ability to grow its portfolio of investment properties; and Parkit's past results continuing to be an indicator of future results. Forward-looking information is subject to known and unknown risks and uncertainties that may cause the actual results, performance or developments to differ materially from those contained in or implied by such forward-looking information. These risks, uncertainties, and factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; delay or failure to receive board of directors, third party or regulatory approvals; the actual results of Parkit's future operations; competition; changes in legislation, including environmental legislation, affecting Parkit; the timing and availability of external financing on acceptable terms; conclusions of economic evaluations and appraisals; lack of qualified, skilled labour or loss of key individuals; and the impact that the imposition of trade tariffs, particularly from the United States, may have on the global economy, and the economy in Canada in particular. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Parkit's disclosure documents on the SEDAR+ website at Although Parkit has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of risks, uncertainties and factors is not exhaustive. Accordingly, readers should not place undue reliance on forward-looking information. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Parkit as of the date of this news release and, accordingly, is subject to change after such date. However, Parkit expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
