2023年4月14日

2023年4月13日10點第一資本物業公司(貨代。聯合國4月11日宣布,將以1.84億美元的價格出售四個屬性。屬性包括Hazelton酒店在多倫多的Yorkville社區,50%的利率在一個餐廳位於酒店、住宅開發網站在蒙特利爾的Wilderton購物中心,和5146 - 5164年瑪麗皇後,也在蒙特利爾。(所有數據在加拿大元,除非另有說明。)銷售是房地產投資信托基金的一部分的提高資本配置和投資組合優化計劃在2022年9月啟動。”計劃旨在開啟通過有針對性的貨幣化低收益資產價值實現了目標進行增值性,同時保持一個有吸引力的管道的發展機遇和重新部署資本生成一個更有意義的短期影響,“說首席執行官亞當·保羅在它的新聞發布會上宣布出售。貨代股票計劃宣布9月以來上漲了10.7%。相比之下,先鋒富時加拿大封頂ETF (CA: VRE)同期上漲了9%。交易所交易基金持有第一資本作為其第七大的位置,其21-stock投資組合的5.7%。接近目標REIT旨在產生超過10億美元的總收入在2024年底前出售非核心屬性。 Including the $184 million from its latest divestitures, it has generated $360 million toward the $1 billion-plus target set last September. While the sale of properties has gotten off to a good start, FCR intends to secure the best price for every asset sold. As a result, it set an end-of-year 2024 goal to ensure it met its target while obtaining value for those assets. “First Capital expects to deliver an attractive combination of income and growth through its cash distribution (paid monthly) and an anticipated multi year FFO per unit growth rate of at least 4%,” stated its Sept. 22, 2022, press release . “The development pipeline will be some of the most attractive development assets in the Canadian REIT sector with a focus on FCR’s best-in-class, grocery-anchored, necessity-based retail located in thriving neighbourhoods with superior demographics.” Enter Activist Activist investor Sandpiper Group, which had held a stake in First Capital since before the pandemic began, launched a proxy fight in December to nominate four of its own board members. Owning 9% of the stock, Sandpiper was highly critical of the REIT’s disposition strategy. However, in early March, First Capital reached an agreement with Sandpiper and affiliate Artis Investment Trust ( CA:AX-UN ) that sees none of its four proposed directors added to the board. The REIT did refresh its board by adding former CIBC executive Richard Nesbitt and real estate investor Ira Gluskin while also inserting Paul Douglas, a former Toronto-Dominion Bank executive as board chair. “There is strong momentum in this asset class and with the recent Board changes, including the appointment of a new chair, we look forward to a renewed commitment to govern and steward the REIT in a manner that will enhance value for all unitholders,” said Samir Manji, Sandpiper’s founder and CEO. Bright Future First Capital finished 2022 with 19.3 million square feet of gross leasable area in 145 neighborhoods across Canada. In addition, it has 24.3 million square feet of future incremental density available from its development pipeline. Nearly 100% of its properties are within a five-minute walk of public transit, giving its properties an average Walk Score of 71. In addition, the average population within 5 kilometers is very high; at 300,000, that’s considerably higher than its peers. Ontario and Quebec account for 70% of the REIT’s fair value, with the remainder from properties in Vancouver, Edmonton and Calgary. This article originally appeared on Fintel Sponsored: Find a Qualified Financial Advisor Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now .