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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Agellan Commercial Real Estate Invtmt TR    ACR.U   CA00844Y1051

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Agellan Commercial Real Estate Investment Trust : Announces June 2017 Monthly Distribution

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06/29/2017 | 09:24pm CEST

By a News Reporter-Staff News Editor at Real Estate Weekly News -- Agellan Commercial Real Estate Investment Trust ("Agellan" or the "REIT") (TSX: ACR.UN): NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATESAgellan Commercial Real Estate Investment Trust ("Agellan" or the "REIT") (TSX: ACR.UN) announced that the Trustees of Agellan have declared a distribution of $0.06458 per unit for the month of June, 2017, representing $0.775 per unit on an annualized basis. The distribution will be payable on July 17, 2017 to unitholders of record as at June 30, 2017.

Agellan offers a distribution reinvestment plan ("DRIP") to unitholders whereby the participants may elect to have their cash distributions used to purchase trust units of the REIT. Unitholders wishing to participate should contact their investment advisors to enroll in the DRIP. About Agellan Commercial Real Estate Investment Trust The REIT is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning industrial, office and retail properties in select target markets in the United States and Canada.

The REIT's 36 properties contain 6.7 million square feet of gross leasable area, with the REIT's ownership interest at 6.3 million square feet. The properties are located in major urban markets in the United States and Canada.

Additional information about the REIT is available at www.agellancommercialreit.com or www.sedar.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20170620006467/en/

Keywords for this news article include: Investment and Finance, Agellan Commercial Real Estate Investment Trust.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC

(c) 2017 NewsRx LLC, source Business Newsletters

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Financials ( CAD)
Sales 2017 103 M
EBIT 2017 -
Net income 2017 38,8 M
Debt 2017 395 M
Yield 2017 6,49%
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 7,69x
EV / Sales 2018 7,12x
Capitalization 394 M
Chart AGELLAN COMMERCIAL REAL ES
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Agellan Commercial Real Es Technical Analysis Chart | ACR.U | CA00844Y1051 | 4-Traders
Technical analysis trends AGELLAN COMMERCIAL REAL ES
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 12,4  CAD
Spread / Average Target 3,3%
Managers
NameTitle
Frank Camenzuli Chief Executive Officer & Non-Independent Trustee
Richard Dansereau Chairman
Daniel Millett Chief Financial Officer
Anthony Messina Independent Trustee
Glen Ladouceur Independent Trustee
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