Northwest Healthcare Properties Real Estate Investment Trust Releases Fourth Quarter And Year-end Re

Real estate: hot or not?

The REIT also added a $5 million revolving letter of credit facility. In November, the REIT refinanced its Glenmore Professional Centre variable rate mortgage with a visit their website $50 million fixed rate mortgage, at 3.57% for a 5 year term, resulting in net proceeds to the REIT of approximately $11.4 million. The REIT also fully repaid a $13 million variable rate financing secured by its Springbank Medical Centre property. The transactions reduced the REIT's exposure to variable interest rates and provided an attractive longer term fixed interest rate. The REIT paid distributions of $0.06667 per unit on October 15, 2013, November 15, 2013 and December 13, 2013 consistent with its annualized target of $0.80 cents per unit. Peter Riggin, CEO, commented that "During the year we progressed on our key strategic priorities, as we improved our financial and operating performance, expanded and improved our property portfolio, and strengthened our mix of primarily healthcare, government and institutional tenants.We have also been proactive in enhancing our financial position for 2014 and beyond by refinancing at lower fixed interest rates, improving our liquidity, extending our average loan term to maturity, reducing our exposure to rising interest rates, and extending our credit facility until 2016." Selected Financial Information: (1) AFFO amounts are calculated utilizing leasing and capital reserves of 4.5% of revenue.

Edgefront Real Estate Investment Trust Announces March Distribution and Files 2013 Financial Statements

The REIT also announced today that it has filed its financial statements for the year ended December 31, 2013 and for the period from July 30, 2012 (date of incorporation) to December 31, 2012 . The financial statements and management's discussion and analysis for the period can be found at . About the REIT Edgefront REIT is a growth oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership and management of industrial properties located in primary and secondary markets in North America , with an initial focus on Western Canada . Edgefront REIT currently owns a portfolio of 12 properties comprising approximately 470,000 square feet of rentable area. The REIT has 19,750,000 units issued and outstanding.


Hedge-fund manager says sector still holds promise if you're smart about it Money MattersBy: Joel Schlesinger Posted: 03/8/2014 1:00 AM | Comments: 0 Tweet c_ (KRT) Quick facts Canada vs. U.S: Both nations should do well attracting foreign capital, which will help drive commercial real estate in coming years, but real estate fund investment manager Andrew Moffs says the U.S. will fare better because it has more large, urban centres such as San Francisco, New York and Chicago that attract billions of investment. "The REIT market in Canada doesn't have as many attractive assets for private buyers," he says.

We believe FFO facilitates comparisons of operating performance between periods and among other REITs. However, our computation of FFO may not be comparable to other REITs that do not define FFO in accordance with the NAREIT definition or that interpret the current NAREIT definition differently than we do. Our management believes that historical cost accounting for real estate assets in accordance with GAAP implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate values have historically risen or fallen with market conditions, many industry investors and analysts have considered the presentation of operating results for real estate companies that use historical cost accounting to be insufficient by themselves.