Partners Announces Results for the Second Quarter of 2015
(firmenpresse) - BARRIE, ONTARIO -- (Marketwired) -- 08/11/15 -- Partners Real Estate Investment Trust (the "REIT," or "Partners") (TSX: PAR.UN) today announced its results for the three month period ended June 30, 2015 (the "second quarter").
SECOND QUARTER 2015 HIGHLIGHTS
Jane Domenico, the REIT''s CEO stated "While our payout ratio and overhead costs have stabilized, the declines in both our revenues and same property NOI serve to underscore the importance of focusing our efforts upon the improvement of our existing property portfolio. This improvement is the core driver of our internal strategy for 2015. We will focus on the properties we currently own, by placing and retaining the best possible tenants within those properties, and providing those tenants with the best possible service."
Further Information
A more detailed analysis of the REIT''s 2015 financial results (including results for the three and six months ended June 30, 2015) is included in the REIT''s Management Discussion and Analysis and Condensed Consolidated Financial Statements, which have been filed on SEDAR and can be viewed at or on the REITs'' website at .
Conference Call
Partners will host a conference call at 8:30 AM Eastern on August 12, 2015, at which time the REIT''s management will both review these financial results and discuss their strategic outlook.
About Partners REIT
Partners REIT is a growth-oriented real estate investment trust focused on the expansion and management of a portfolio of 36 retail and mixed-use community and neighbourhood shopping centres. These properties are located in both primary and secondary markets across British Columbia, Alberta, Manitoba, Ontario, and Quebec, and comprise a total of approximately 2.5 million square feet of leasable space.
Disclaimer
Certain statements included in this press release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "will" and similar expressions to the extent they relate to Partners REIT. The forward- looking statements are not historical facts but reflect Partners REIT''s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including access to capital, regulatory approvals, intended acquisitions and general economic and industry conditions. Although Partners REIT believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein.
Contacts:
Partners Real Estate Investment Trust
Investor Relations
(705) 725-6020 ext. 401
Renmark Financial Communications Inc.
Barry Mire:
Robert Thaemlitz:
(514) 939-3989 or (416) 644-2020
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Datum: 11.08.2015 - 17:36 Uhr
Sprache: Deutsch
News-ID 1378414
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Personal Finance
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