Latest news with #shoppingcenters
Yahoo
9 hours ago
- Business
- Yahoo
Why this analyst still likes shopping center stocks
There have been some concerns about consumer spending slowing, which could pose an issue for properties such as shopping centers. In the video above, Mizuho Americas senior REIT and homebuilders analyst Haendel St. Juste shares why he still likes the space and gives his top stock pick. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. What about shopping centers handled? Do you see an opportunity in that sector? You know, we've we've liked the shopping centers here for the past couple years. The sector has certainly uh been on a multi-year run benefiting from historically low supply. Uh there was a purging of weaker uh tenant credits in the aftermath of COVID. So, the tenant credit uh picture has been fairly benign the last couple years. A few more names have been popping up here, but overall you know, it's manageable. The companies have reserves in place more than sufficient uh to incur uh these uh incremental uh spaces give being given back. And so, the landlords have pricing power, uh supply is nowhere near where it is in other subsectors. And so, we think it's a space where landlords can continue to enjoy pricing power for several years to come. Is there a name specifically handling that space you prefer? Absolutely. Our top pick today is a company called Regency Centers, ticker REG. Uh they are a national shopping center owner. Uh their demographics in terms of household income and uh just the uh the value of single-family homes in the neighborhoods that they own and operate assets in is in the top right quadrant uh where you want to be in this space. Uh they have below uh average exposure to a number of the uh tenant credit watch list names. Uh J. Crew ends, Party City, Big Lots, etc. Uh their balance sheet is in fantastic shape and they have an above-average growth profile with embedded growth from leases that have been signed, which are now starting to cash flow.
Globe and Mail
23-05-2025
- Business
- Globe and Mail
Gulf & Pacific Equities Corp. reports on First Quarter Results with Revenue of $1,132,621 And Refinancing of Mortgages
Toronto, May 23, 2025 (GLOBE NEWSWIRE) -- Gulf & Pacific Equities Corp. (TSX-V: GUF) an established company focused on the acquisition, management and development of anchored shopping centers in Western Canada, reports a 4.1% increase in revenues to $1,132,621 in the quarter ended March 31, 2025, from $1,087,886 at the same period last year. Details of the three months financial results for fiscal 2025 and 2024 under International Financial Reporting Standards (IFRS), as summarized below, are also available at or the company's website Three Months Ended (Unaudited) March 31, 2025 2024 Revenue $ 1,132,621 $ 1,087,886 Net Income (Loss) before fair value adjustment, other income items and income taxes $ 56,078 $ (46,490) Net Income (Loss) before fair value adjustment other income items and income taxes per share – basic and diluted $ - $ - Net Income and Comprehensive Income $ (314,792) $ (32,418) Net Income and Comprehensive Income per common share – basic $ (0.01) $ - Net Income and Comprehensive Income per common share – diluted $ (0.01) $ - Weighted average number of common shares outstanding – basic 21,410,685 21,290,685 Weighted average number of common shares outstanding – diluted 22,034,186 21,930,408 The company is pleased to announce that it has refinanced all six mortgages due this year with new mortgages at a term of one year at fixed rates. Three mortgages will mature on April 1, 2026, at 5.17%. One mortgage will mature on April 4, 2026, at a rate of 5.18%. One mortgage will mature on April 28, 2026, at a rate of 5.16%. The remaining mortgage will mature on May 4, 2026, at a rate of 5.13%. About Gulf & Pacific Equities Corp. Gulf & Pacific Equities Corp. was incorporated under the laws of the Province of Alberta on April 8, 1998, and thereafter completed a public offering of common shares by prospectus dated June 26, 1998 (TSX-V: GUF). The company acquires, manages and develops anchored shopping malls in Western Canada's rural center's, particularly Alberta. Gulf & Pacific targets smaller, rapidly growing hub communities serviced with hospitals, high schools, police stations, and retail service infrastructures. Management has consistently reinvested cash flow to improve and expand its portfolio of income properties. Gulf & Pacific Equities Corp. owns three well-located retail assets in Three Hills, St. Paul, and Cold Lake Alberta. For further information, please contact: Mr. Anthony Cohen President and Chief Executive Officer Gulf & Pacific Equities Corp. 1240 Bay Street, Suite 800 Toronto, Ontario M5R 2A7 Telephone: 416-968-3337 Telecopy: 416-968-3339 E-mail: info@ 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. NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISTRIBUTION INTO THE UNITED STATES Cautionary Statements This news release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation, concerning the business, operations and financial performance and condition of Gulf & Pacific Equities. Forward-looking statements include, but are not limited to, statements with respect to the benefits of the offering and option transaction. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Gulf & Pacific Equities to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: economic conditions in Western Canada, interest rates, raising less than the required capital; not realizing on the anticipated benefits from the transaction or not realizing on such anticipated benefits within the expected time frame; and other risks of the real estate industry. Although management of Gulf & Pacific Equities has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Gulf & Pacific Equities does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
Yahoo
23-05-2025
- Business
- Yahoo
Gulf & Pacific Equities Corp. reports on First Quarter Results with Revenue of $1,132,621 And Refinancing of Mortgages
Toronto, May 23, 2025 (GLOBE NEWSWIRE) -- Gulf & Pacific Equities Corp. (TSX-V: GUF) an established company focused on the acquisition, management and development of anchored shopping centers in Western Canada, reports a 4.1% increase in revenues to $1,132,621 in the quarter ended March 31, 2025, from $1,087,886 at the same period last year. Details of the three months financial results for fiscal 2025 and 2024 under International Financial Reporting Standards (IFRS), as summarized below, are also available at or the company's website Three Months Ended (Unaudited) March 31, 2025 2024 Revenue $ 1,132,621 $ 1,087,886 Net Income (Loss) before fair value adjustment, other income items and income taxes $ 56,078 $ (46,490) Net Income (Loss) before fair value adjustment other income items and income taxes per share – basic and diluted $ - $ - Net Income and Comprehensive Income $ (314,792) $ (32,418) Net Income and Comprehensive Income per common share – basic $ (0.01) $ - Net Income and Comprehensive Income per common share – diluted $ (0.01) $ - Weighted average number of common shares outstanding – basic 21,410,685 21,290,685 Weighted average number of common shares outstanding – diluted 22,034,186 21,930,408 The company is pleased to announce that it has refinanced all six mortgages due this year with new mortgages at a term of one year at fixed rates. Three mortgages will mature on April 1, 2026, at 5.17%. One mortgage will mature on April 4, 2026, at a rate of 5.18%. One mortgage will mature on April 28, 2026, at a rate of 5.16%. The remaining mortgage will mature on May 4, 2026, at a rate of 5.13%. About Gulf & Pacific Equities Corp. Gulf & Pacific Equities Corp. was incorporated under the laws of the Province of Alberta on April 8, 1998, and thereafter completed a public offering of common shares by prospectus dated June 26, 1998 (TSX-V: GUF). The company acquires, manages and develops anchored shopping malls in Western Canada's rural center's, particularly Alberta. Gulf & Pacific targets smaller, rapidly growing hub communities serviced with hospitals, high schools, police stations, and retail service infrastructures. Management has consistently reinvested cash flow to improve and expand its portfolio of income properties. Gulf & Pacific Equities Corp. owns three well-located retail assets in Three Hills, St. Paul, and Cold Lake Alberta. For further information, please contact: Mr. Anthony CohenPresident and Chief Executive OfficerGulf & Pacific Equities Corp.1240 Bay Street, Suite 800Toronto, OntarioM5R 2A7 Telephone: 416-968-3337Telecopy: 416-968-3339E-mail: info@ 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. NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISTRIBUTION INTO THE UNITED STATES Cautionary Statements This news release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation, concerning the business, operations and financial performance and condition of Gulf & Pacific Equities. Forward-looking statements include, but are not limited to, statements with respect to the benefits of the offering and option transaction. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Gulf & Pacific Equities to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: economic conditions in Western Canada, interest rates, raising less than the required capital; not realizing on the anticipated benefits from the transaction or not realizing on such anticipated benefits within the expected time frame; and other risks of the real estate industry. Although management of Gulf & Pacific Equities has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Gulf & Pacific Equities does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. Sign in to access your portfolio
Globe and Mail
14-05-2025
- Business
- Globe and Mail
Westcliff Selects Hello Network to Power New Gift Card Program
Montreal, Quebec--(Newsfile Corp. - May 14, 2025) - Westcliff, a leading real estate management company, has chosen Hello Network to power the gift card program for the latest additions to its shopping center portfolio: Promenades Gatineau, Champlain Place, Fairview Park, and Corner Brook Plaza. Hello Network & Westcliff Gift Card Program To view an enhanced version of this graphic, please visit: With a dedicated Canadian team, Hello Network provides personalized, high-quality support to ensure client success. Recognized for its collaborative approach, Hello Network works closely with clients to drive long-term growth and success. "The Hello platform delivers exceptional operational, commercial, and financial benefits for mall owners while unlocking new opportunities for retailers," says François Plamondon, President of Hello Network. "Our gifting and incentive platform equips Westcliff with robust tools, actionable insights, and detailed reporting to drive sales, launch promotions, and boost brand visibility." A Partnership for Growth "Hello Network equips our malls with the tools needed to stay ahead of evolving consumer trends. This partnership marks a new step in our commitment to offering diverse and relevant solutions to our customers, while supporting local entrepreneurship,'' says Catherine Soulié, Marketing and Communications Director. This partnership strengthens Westcliff's gift card strategy, leveraging Hello's advanced platform for a seamless, efficient, and consumer-friendly solution. Beyond gift cards, Hello Network also offers engagement solutions that enhance retailer-customer connections, creating a more rewarding shopping experience. About Westcliff Westcliff is a privately owned real estate development and management company that unlocks each property's full potential. The success it enjoys today stems from over 50 years of know-how in the development, construction, and management of large-scale real estate projects in Canada and the United States. Renowned for its commitment to building lasting relationships with its partners and customers, Westcliff's reputation stands on in-depth industry knowledge and experience in all aspects of the business. From property acquisition to ground up development, asset repositioning & revitalization and from property management to leasing and financing, our team of over 500 identifies the best opportunities and works together to deliver results. About Hello Network Hello Network is a technology company that leverages its proprietary platform to deliver integrated payment solutions, gift cards, rewards, and incentive programs, helping organizations boost sales and drive growth across their merchant network. As a Canadian company, Hello offers local support and seamless execution, delivering smart, user-friendly solutions that drive sustainable growth and shape the future of destination retail.
