CT Real Estate Investment Trust Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 06:16 pm EDT
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CT Real Estate Investment Trust reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 137.82 million compared to CAD 132.52 million a year ago. Net income was CAD 50.2 million compared to CAD 36.4 million a year ago.
For the six months, sales was CAD 275.33 million compared to CAD 264.47 million a year ago. Net income was CAD 82.52 million compared to CAD 78.86 million a year ago.
CT Real Estate Investment Trust is a Canada-based unincorporated, closed-end real estate investment trust (REIT) formed to own income-producing commercial properties located primarily in Canada. The Company's principal objective is to invest primarily in net lease, single tenant assets, is to create unitholder value over the long-term by generating reliable, durable and growing monthly distributions on a tax-efficient basis. To achieve this objective, management is focused on expanding the REIT's asset base while also increasing its adjusted funds from operations (AFFO) per unit. Its portfolio is comprised of over 370 properties totaling approximately 30 million square feet of gross leasable area, consisting primarily of net lease single-tenant retail properties located across Canada. Its property types include development, industrial, mixed use, multi-tenant and single tenant. Its properties are located in various regions, such as Western Canada, Atlantic Canada, Ontario and Quebec.
CT REAL ESTATE INVESTMENT TRUST 
