Marwest Apartment Reit · TSXV:MAR.UN
Marwest Apartment Reit — Marwest Apartment Real Estate Investment Trust — Shareholder Meeting (June 2023)
17 slides from Marwest Apartment Reit's shareholder meeting presentation, Jun 19, 2023
Slide 1: Marwest Apartment Real Estate Investment Trust AGM June 2023
Marwest Apartment Real Estate Investment Trust AGM June 2023 This presentation is dated June 19, 2023 and does not provide full disclosure of all material facts relating to the REIT. Investors should go to SEDAR and read the previous prospectuses, the final short form prospectus, and any amendment f
Slide 2: Disclaimer
Disclaimer This presentation, which was prepared by Marwest Apartment Real Estate Investment Trust (the “REIT”, “Marwest”, ”us”, “we” or “our”), does not constitute an offer to sell, or a solicitation of any offer to purchase, securities of the REIT. Unless otherwise stated, the information containe
Slide 3: Disclaimer (cont'd)
Disclaimer (cont’d) Forward Looking Information and Assumptions This investor presentation, including certain documents incorporated by reference herein, contains forward-looking information within the meaning of applicable securities laws. Often, but not always, forward-looking information can be i
Slide 4: Management and Trustees
Management and Trustees MANAGEMENT TEAM BOARD OF TRUSTEES William Martens, Chief Executive Officer & Trustee Luke Cain, Chairman ⚫ Director and executive officer of various companies ⚫ Senior Director of Mortgage Origination at Canada ICI under the Marwest Group of Companies umbrella Capital Corpora
Slide 5: Agenda
Agenda Formal Meeting • Appointment of Secretary and Scrutineer and Notice of Meeting • Financial Statements • Approval of Auditors • Election of Directors • Adjourn Management Presentation 5
Slide 6: Why Multi-Family?
Why Multi-Family? ⚫ The Canadian multi-family sector withstood the worst of the pandemic better than most other property types in 2020 and 2021 and continued to perform well through 2022 6.00% ⚫ The fundamentals driving the sector’s strong 4.00% performance– robust population growth, a limited suppl
Slide 7: Investment Highlights
Investment Highlights Attractive Strategic Experienced High Residential Asset Relationship with Management Quality Assets Class Marwest Group Team and Board ⚫ Fully stabilized income producing properties ⚫ Healthy fundamentals ⚫ Multi-faceted real ⚫ 50+ years of well located in a support continued e
Slide 8: Current Portfolio
Current Portfolio Element Prairie View Pointe Brio Brownstones Kenwood Court Townhomes Location Winnipeg, Manitoba Winnipeg, Manitoba Winnipeg, Manitoba Winnipeg, Manitoba Property Type Multi-Family Townhomes Townhomes Multi-Family Year built 2021 2019, 2021 2018, 2019 2006 Unit Count 153 112 148 +
Slide 9: Portfolio Growth
Portfolio Growth The REIT has completed the following acquisitions since its formation: • Apr 30, 2021 (Qualifying Transaction): two fully stabilized income producing apartment properties (251 units) in Winnipeg for an aggregate purchase price of $54.2 million • Nov 15, 2021: 112 new-generation unit
Slide 10: Performance Measures
Performance Measures • Growth in FFO/Unit1 and AFFO/Unit1 driven • Growth in NAV/Unit1 driven by accretive acquisitions by acquisition of Element & Prairie View and NOI growth Pointe as well as internal growth • Annual distribution of $0.015 per Unit represents a 21% FFO payout ratio1 $1.56 NAV/Unit
Slide 11: Investor Alignment
Investor Alignment The REIT’s Insiders are heavily aligned with investors. • Directors and Officers currently own ~ 12.5% of the outstanding trust units (fully diluted) • Legacy third party investors (brought in by Marwest) currently own 77% of the outstanding exchangeable units. • On November 15, 2
Slide 12: Appendix I – Property Overview – Prairie View Pointe
Appendix I – Property Overview – Prairie View Pointe Description of the Property Property Summary ⚫ In North Winnipeg, located close to the perimeter highway Prairie View ⚫ Family friendly neighbourhood situated Pointe Address 2766 Main Street, Winnipeg, MB near schools, parks and shopping ⚫ CMHC Af
Slide 13: Appendix I – Property Overview – Element Townhomes
Appendix I – Property Overview – Element Townhomes Description of the Property Property Summary ⚫ In East Winnipeg, part of the growing West Transcona community Element 85 Fiorentino Street & 30 El Tassi Drive, Winnipeg, MB ⚫ Family friendly Neighbourhood situated Townhomes Address near schools, par
Slide 14: Appendix I – Property Overview - Brio Brownstones
Appendix I – Property Overview - Brio Brownstones Description of the Property Winnipeg Metropolitan Area Property Summary ⚫ In Southwest Winnipeg, fastest growing area of the city 140 & 160 Eaglewood Drive ⚫ Well planned Bridgwater neighbourhood, Address Winnipeg, MB surrounded by local amenities, r
Slide 15: Appendix I – Property Overview - Kenwood Court
Appendix I – Property Overview - Kenwood Court Description of the Property Winnipeg Metropolitan Area Property Summary ⚫ Close to the Red River in the beautiful South St. Vital Neighbourhood ⚫ Immediate convenience and Address 333 - 337 Warde Ave., Winnipeg, MB grocery/amenities ⚫ Very close to some
Slide 16: Appendix II – Non-IFRS Measures
Appendix II – Non-IFRS Measures Non-IFRS Measures The Trust may use certain non-IFRS measures commonly used by entities in the real estate industry as useful metrics for measuring performance. The non-IFRS measures used by the Trust as described below are not standardized measures under IFRS. Such n
Slide 17: Appendix II – Non-IFRS Measures
Appendix II – Non-IFRS Measures Non-IFRS Measures - continued The following other non-IFRS measures are defined as follows: * “FFO per unit” is calculated as FFO divided by the weighted average number of Trust Units and Exchangeable Units of the Partnership outstanding over the period. * “AFFO per u
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