Dundee Industrial REIT Executes on Strategy, Increases Distribution and Appoints COO
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 02/19/13 -- This news release contains forward- looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.
DUNDEE INDUSTRIAL REIT (TSX: DIR.UN) today announced its financial results for the three months ended December 31, 2012.
YEAR-END HIGHLIGHTS
Leader in the industrial sector
Strong portfolio
Financial results in-line with expectations
"Very quickly after completing the IPO, we sourced a variety of acquisition opportunities that reinforced the investment merits of Dundee Industrial. We are excited about the consolidation opportunities in the industrial sector and look forward to building on our national platform," said Michael Cooper, Chairman of Dundee Industrial REIT's Executive Committee.
FINANCIAL HIGHLIGHTS
ACQUISITION ACTIVITY
The Trust has executed on strategic acquisitions that allowed it to quickly demonstrate its ability to meet key IPO deliverables, including uncovering opportunities for consolidation within the industrial sector, becoming the clear sector leader through sourcing accretive acquisitions, growing and diversifying the portfolio to further strengthen the business and mitigate risk.
OPERATIONAL HIGHLIGHTS
CAPITAL STRUCUTRE
CONFERENCE CALL
Senior management will host a conference call to discuss the results tomorrow, February 20, 2013 at 2:00 p.m. (ET). To access the call, please dial: 416-849-5525 or toll free at 1-866-200-6965 and using passcode 15932286#. A taped replay of the call will be available for 30 days by dialling 646-216-7204 or 1-866-206-0173 and using passcode 279200#. To access the conference call via webcast, please go to Dundee Industrial REIT's website at and, in the Downloads section, click on Calendar of Events. The webcast will be archived for 30 days.
Other information
Information appearing in this news release is a select summary of results. The consolidated financial statements and management's discussion and analysis for the Trust, as well as its Supplementary Information Package will be available at and on .
Dundee Industrial REIT is an unincorporated, open-ended real estate investment trust. Dundee Industrial REIT owns a portfolio of 158 primarily light industrial properties comprising approximately 11.4 million square feet of gross leasable area in key industrial markets across Canada. Its objective is to build upon and grow its portfolio and to provide stable, sustainable and growing cash distributions to its unitholders. For more information, please visit .
FOOTNOTE
Forward looking information
This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dundee REIT's control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, general and local economic and business conditions; the financial condition of tenants; our ability to refinance maturing debt; leasing risks, including those associated with the ability to lease vacant space; and interest and currency rate functions. Our objectives and forward-looking statements are based on certain assumptions, including that the general economy remains stable, interest rates remain stable, conditions within the real estate market remain consistent, competition for acquisitions remains consistent with the current climate and that the capital markets continue to provide ready access to equity and/or debt. All forward-looking information in this press release speaks as of the date of this press release. Dundee REIT does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise. Additional information about these assumptions and risks and uncertainties is contained in Dundee REIT's filings with securities regulators, including its latest annual information form and MD&A. These filings are also available at Dundee REIT's website at .
Contacts:
Dundee Industrial REIT
Michael Cooper
Chairman, Executive Committee
(416) 365-5145
Dundee Industrial REIT
Scott Hayes
President & Chief Executive Officer
(416) 365-5265
Dundee Industrial REIT
Mario Barrafato
Chief Financial Officer
(416) 365-4132
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Datum: 19.02.2013 - 14:35 Uhr
Sprache: Deutsch
News-ID 1198511
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Venture Capital
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