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CT REIT Announces a 3.5% Distribution Increase and Strong First Quarter 2026 Results
CT Real Estate Investment Trust ("CT REIT" or the "REIT") (TSX: CRT.UN) today reported its consolidated financial results for the first quarter ending March 31, 2026.
About this update from Ct Real Estate Investment Trust
[{"type":"text","content":"TORONTO, May 11, 2026 /CNW/ - CT Real Estate Investment Trust ("CT REIT" or the "REIT") (TSX: CRT.UN) today reported its consolidated financial results for the first quarter ending March 31, 2026.","length":226,"tagName":"p"},{"type":"text","content":""CT REIT delivered another solid quarter, reflecting the strength of our portfolio and the consistent execution of our strategy," said Kevin Salsberg, President and Chief Executive Officer of CT REIT. "The results of our disciplined approach to operating our assets and deploying capital provide us with the confidence to, once again, announce an increase to our monthly distributions. With this 3.5% increase, we have now grown our distributions by more than 50% since our IPO in 2013, underscoring the value that we have created for our Unitholders over this time."","length":587,"tagName":"p"},{"type":"text","content":"Distribution Increase","length":21,"tagName":"p"},{"type":"text","content":"CT REIT's Board of Trustees has approved a 3.5% distribution increase that will be effective with the July 15 payment to Unitholders of record on June 30, 2026. Monthly distributions will increase to $0.0818 per Unit, or $0.9816 per Unit on an annualized basis.","length":265,"tagName":"p"},{"type":"text","content":"New Investment Activity","length":23,"tagName":"p"},{"type":"text","content":"CT REIT announced three new investments which will require an estimated $43 million to complete. The investments are, in aggregate, expected to earn a going-in yield of 6.28% and represent approximately 129,800 square feet of incremental gross leasable area ("GLA").","length":281,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":"Property","length":8,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:TOP;TEXT-ALIGN:LEFT;","val":[{"type":"text","content":"Type","length":4,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":"GLA (sf.)","length":9,"tagName":"p","attribs":{}}]},{"...