Artis Real Estate Investment Trust Announces Quarterly Cash Distributions
(firmenpresse) - WINNIPEG, MANITOBA -- (Marketwired) -- 09/16/14 -- Artis Real Estate Investment Trust (TSX: AX.UN)(TSX: AX.PR.A)(TSX: AX.PR.U)(TSX: AX.PR.E) ("Artis" or "the REIT") announced that its trustees have declared the following quarterly cash distributions:
Artis is a diversified Canadian real estate investment trust investing in office, industrial and retail properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in Canada and the United States, with a major focus on Western Canada. As of today''s date, Artis'' commercial property comprises approximately 25.6 million square feet of leasable area.
At June 30, 2014, actual year-to-date Property Net Operating Income ("Property NOI") by asset class was approximately 24.5% retail, 51.7% office and 23.8% industrial. Property NOI by geographical region was approximately 8.3% in British Columbia, 38.9% in Alberta, 5.6% in Saskatchewan, 12.2% in Manitoba, 12.4% in Ontario and 22.6% in the U.S.
Property NOI is a non-GAAP measure. Artis calculates Property NOI as revenues, measured in accordance with International Financial Reporting Standards, less property operating expenses such as taxes, utilities, repairs and maintenance, and does not include charges for interest and amortization or income from joint arrangements accounted for as equity investments.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
Contacts:
Artis Real Estate Investment Trust
Mr. Armin Martens
President and Chief Executive Officer
1.204.947.1250
204.947.0453 (FAX)
Artis Real Estate Investment Trust
Mr. Jim Green
Chief Financial Officer
1.204.947.1250
204.947.0453 (FAX)
Artis Real Estate Investment Trust
Ms. Heather Nikkel
Director - Investor Relations
1.204.947.1250
204.947.0453 (FAX)
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Datum: 16.09.2014 - 15:00 Uhr
Sprache: Deutsch
News-ID 1303267
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contact information:
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WINNIPEG, MANITOBA
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Kategorie:
Commercial Real Estate
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