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Canadian Net REIT Announces 2025 Third-Quarter Results
MONTRÉAL, Nov. 18, 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 Third-Quarter ResultsREIT also announces monthly distributions for Q1 2026\n\n\n\n MONTRÉAL, Nov. 18, 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 September 30\n \n th\n \n , 2025 (“Q3 2025”) and distributions for January, February and March 2026 (“Q1 2026”).\n \n\n “We’re pleased with our continued momentum through the third quarter, marked by a 9% year-to-date increase in Normalized FFO per unit,” said Kevin Henley, President and CEO. “Canadian Net remains well-positioned in the current market, supported by our strong niche in necessity-based real estate, which has once again enabled us to maintain a 100% occupancy rate. Looking ahead, we remain committed to building on our portfolio strengths while actively evaluating potential accretive acquisition opportunities.”\n \n\n\n RESULTS FOR Q3 2025\n \n\n\n Canadian Net reported Funds from operations\n \n 1\n \n (“FFO”) of $3.4 million, or $0.164 per unit, an increase of 20% compared to $2.8 million, or $0.137 per unit, for the quarter ended September 30, 2024 (“Q3 2024”). Normalized FFO\n \n 1\n \n for the quarter, which adds back certain non-recurring items to better reflect operational performance, was $3.4 million, or $0.164 per unit, an increase of 12% compared to $3.0 million, or $0.147 per unit for Q3 2024.\n \n\n Rental income was $6.9 million in Q3 2025, an increase of 11.5% from Q3 2024. Net Operating Income\n \n 1\n \n (“NOI”) in Q3 2025 was $5.0 million, an increase of 10.9% from Q3 2024, reflecting an increase in rental income due to property acquisitions. Rental income and NOI\n \n 1\n \n were also lower in Q3 2024 due to property dispositions.\n \n\n The REIT generated a net income attributable to unitholders of $2.9 million in Q3 2025 compared to a net income of $13.0 million in Q3 2024.\n \n\n\n RESULTS FOR THE 9-MONTH PERIOD ENDED SEPTEMBER 30, 2025\n \n\n\n Canadian Net reported FFO\n \n 1\n \n of $10.2 million, or $0.494 per unit, an increase of 12% compared to $9.1 million, or $0.443 per unit for the 9-month period ended September 30, 2024. Normalized FFO\n \n 1\n \n for the p...