Artis Real Estate Investment Trust Announces Quarterly Cash Distribution
(firmenpresse) - WINNIPEG, MANITOBA -- (Marketwired) -- 10/15/14 -- Artis Real Estate Investment Trust (TSX: AX.PR.G) ("Artis" or the "REIT") announced that its trustees have declared a quarterly cash distribution of $0.3125 per Series G preferred unit ("Series G Unit") of Artis for the quarter ending October 31, 2014. The cash distributions will be made on October 31, 2014 to Series G Unitholders of record on October 31, 2014.
As at the date hereof, there are an aggregate of 3,200,000 Series G Units issued and outstanding.
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
Artis Real Estate Investment Trust
Mr. Jim Green
Chief Financial Officer
1.204.947.1250
Artis Real Estate Investment Trust
Ms. Heather Nikkel
Director - Investor Relations of the REIT
1.204.947.1250
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 15.10.2014 - 15:00 Uhr
Sprache: Deutsch
News-ID 1310235
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
WINNIPEG, MANITOBA
Phone:
Kategorie:
Commercial Real Estate
Anmerkungen:
Diese Pressemitteilung wurde bisher 123 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Artis Real Estate Investment Trust Announces Quarterly Cash Distribution
"
steht unter der journalistisch-redaktionellen Verantwortung von
Artis Real Estate Investment Trust (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
