Canadian Net Real Estate Investment Trust Announces Monthly Distributions for the Months of April, May and June 2023, Payable on April 28, 2023, May 31, 2023 and June 30, 2023 Respectively
March 22, 2023 at 06:56 pm EDT
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Canadian Net Real Estate Investment Trust announced that it will make monthly cash distributions of $0.02875 per unit, representing $0.345 per unit on an annualized basis, on April 28, May 31 and June 30, 2023, to unitholders of record on April 14, May 15 and June 15, 2023, respectively.
Canadian Net Real Estate Investment Trust (the Trust) is a Canada-based open-ended real estate investment trust. The Trust owns and rents commercial real estate properties directly, through its wholly owned subsidiaries and joint ventures. The Trust operates in one segment, commercial real estate located in Canada. The Trust holds approximately 101 investment properties, 83 residing in the province of Quebec, nine in the province of Ontario and nine in the province of Nova Scotia. The properties are occupied by four distinct groups of tenants composed of retailers, national service station and convenience store chains, quick-service restaurant chains, and others. The Trust's properties include 40-50 Brunet Street, 230 St-Luc Blvd, 196 Hotel-de-Ville Blvd, 1349-1351 Road 117, 275 Barkoff Street, 530 Barkoff Street, 340-344 Montee du Comte, 1440-50 St-Laurent East Blvd, 1460 St-Laurent East Blvd, 7335 Guillaume Couture Blvd, 4200 Bernard-Pilon Street and others.
Canadian Net Real Estate Investment Trust Announces Monthly Distributions for the Months of April, May and June 2023, Payable on April 28, 2023, May 31, 2023 and June 30, 2023 Respectively