Partners Announces Results for the Fourth Quarter and Full Year 2015
(firmenpresse) - BARRIE, ONTARIO -- (Marketwired) -- 03/16/16 -- Partners Real Estate Investment Trust (the "REIT," or "Partners") (TSX: PAR.UN) today announced its results for the three and twelve month periods ended December 31, 2015 (the "fourth quarter" and "full year 2015," respectively).
FOURTH QUARTER 2015 HIGHLIGHTS
"We are satisfied with Partners'' fourth quarter results, which demonstrate how our property portfolio is well-equipped to withstand the challenges currently facing the Canadian retail real estate environment," stated Jane Domenico, the REIT''s CEO. "We remain focused on the improvement of our existing property portfolio, and the results of this focus are visible in the growth of our same property NOI. During 2016, we will seek to accelerate our internal improvement by enhancing our property management, internalizing this function at the majority of our properties. This strategy will be supervised by Paul Harrs, our recently appointed Chief Operating Officer. As a result, I am confident that this year will witness growth in both our NOI and unitholder value."
Further Information
A more detailed analysis of the REIT''s 2015 financial results (including results for the three and twelve months ended December 31, 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 March 17, 2016, at which time the REIT''s management will both review these financial results and discuss their strategic outlook.
Conference Dial-In Details
Toll Free (North America): 866-223-7781
Local: 416-340-2216
Instant Replay Details (Available until March 24, 2016)
Toll Free (North America): 800-408-3053
Passcode: 3919300
A recording of the conference call will also be available via Partners'' website.
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 REIT Investor Relations
1 (844) 474-9620 ext. 401
Jane Domenico
Chief Executive Officer
(705) 725-6020 ext. 151
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Datum: 16.03.2016 - 20:00 Uhr
Sprache: Deutsch
News-ID 1422327
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