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Canadian Net REIT Announces 2025 Second-Quarter Results
MONTRÉAL, Aug. 19, 2025 (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 Second-Quarter ResultsREIT also announces monthly distributions for Q4 2025\n\n\n\n MONTRÉAL, Aug. 19, 2025 (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 June 30\n \n th\n \n , 2025 (“Q2 2025”) and distributions for October, November and December 2025.\n \n\n “We are pleased with our second quarter results, highlighted by an 8% year-to-date increase in FFO per unit\n \n 1\n \n ,” said Kevin Henley, President and CEO. “This quarter reflects the full impact of our recently acquired properties, demonstrating the success of our disciplined growth strategy. Our ability to generate accretive results through our capital recycling program continues to strengthen the REIT and create value for our unitholders.\n \n\n Our focused portfolio of single-tenant, triple-net, and necessity-based properties remains resilient and highly sought-after, as demonstrated by our continued 100% occupancy rate. In addition, our conservative payout ratio of 52% not only supports our recently announced distribution increase, but also provides room for further growth and long-term stability. Looking ahead, we remain confident in our ability to deliver sustainable performance and continue building on this solid foundation.”\n \n\n\n RESULTS FOR Q2 2025\n \n\n\n Canadian Net reported Funds from operations\n \n 1\n \n (“FFO”) of $3.4 million, or $0.166 per unit, an increase of 8% compared to $3.2 million, or $0.154 per unit, for the quarter ended June 30, 2024 (“Q2 2024”).\n \n\n Rental income was $6.9 million in Q2 2025, an increase of 4.4% from Q2 2024. Net Operating Income\n \n 1\n \n (“NOI”) in Q2 2025 was $5.0 million, an increase of 4.9% from Q2 2024, reflecting an increase in rental income due to property acquisitions.\n \n\n The REIT generated a net loss attributable to unitholders of $1.35 million in Q2 2025 compared to a net loss of $8.92 million in Q2 2024.\n \n\n\n RESULTS FOR THE 6-MONTH PERIOD ENDED JUNE 30, 2025\n \n\n\n Canadian Net reported FFO\n \n 1\n \n of $6.8 million, or $0.330 per unit, an increase of 8% compared to $6.3 million, or $0.306 per unit for the 6-month period ended June ...