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Canadian Net REIT Announces 2025 Fourth-Quarter Results
MONTRÉAL, March 17, 2026 (GLOBE NEWSWIRE) -- Canadian Net Real Estate Investment Trust (...
About this update from Canadian Net Real Estate Investment Trust
[{"type":"text","content":"Canadian Net REIT Announces 2025 Fourth-Quarter ResultsREIT also announces monthly distributions for Q2 2026\nMONTRÉAL, March 17, 2026 (GLOBE NEWSWIRE) -- Canadian Net Real Estate Investment Trust (“Canadian Net” or the “REIT”) (TSX-V: NET.UN) today reported its results for the quarter ended December 31st, 2025 (“Q4 2025”) and distributions for April, May and June 2026 (“Q2 2026”). “2025 was a milestone year for Canadian Net. We delivered 9% growth in Normalized FFO per unit, setting a new all-time high, while maintaining 100% occupancy across the portfolio,” said Kevin Henley, President and CEO. “These results are the direct outcome of the capital recycling strategy we executed over the past two years and the continued strength of our necessity-based retail niche. With a conservative payout ratio of 52% and liquidity in place, we are well-positioned to act on accretive acquisition opportunities as they arise and to continue delivering sustainable, long-term growth for our unitholders.” RESULTS FOR Q4 2025 Canadian Net reported Funds from operations1 (“FFO”) of $3.5 million, or $0.169 per unit, an increase of 7% compared to $3.3 million, or $0.158 per unit, for the quarter ended December 31, 2024 (“Q4 2024”). Normalized FFO1 for the quarter was $3.5 million, or $0.170 per unit, an increase of 8% compared to $3.3 million, or $0.158 per unit for Q4 2024. Rental income was $7.3 million in Q4 2025, an increase of 8.0% from Q4 2024. Net Operating Income1 (“NOI”) in Q4 2025 was $5.2 million, an increase of 8.8% from Q4 2024, reflecting an increase in rental income due to property acquisitions. Rental income and NOI1 were also lower in Q4 2024 due to property dispositions. The REIT generated a net income attributable to unitholders of $5.0 million in Q4 2025 compared to a net income of $1.8 million in Q4 2024. RESULTS FOR THE 12-MONTH PERIOD ENDED DECEMBER 31, 2025 Canadian Net reported FFO1 of $13.7 million, or $0.663 per unit, an increase of 10% compared to $12.4 million, or $0.601 per unit for the 12-month period ended December 31, 2024. Normalized FFO1 for the period was $13.7 million, or $0.664 per unit, an increase of 9% compared to $12.6 million, or $0.611 per unit for 2024. Rental income was $28.0 m...