Marwest Apartment Reit · TSXV:MAR.UN
Marwest Apartment Reit — Investor Presentation (June 2024)
17 slides from Marwest Apartment Reit's investor presentation, Jun 17, 2024
Slide 1: Marwest Apartment REIT
Marwest Apartment REIT June 2024 This presentation is dated June 17, 2024 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 for disclosure of those fact
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 ⚫ Principal at Canada ICI Capital Corporation under the Marwest Group of Companies umbrella ⚫ Extensive experience in
Slide 5: Investment Highlights
Investment Highlights Attractive Strategic Experienced High Residential Asset Relationship with Management Quality Assets Class Marwest Group Team and Board ⚫ Healthy fundamentals ⚫ Multi-faceted real ⚫ 100+ years of ⚫ Fully stabilized income support continued estate developer and experience in the
Slide 6: Winnipeg Market Overview
Winnipeg Market Overview Winnipeg, the “Gateway to the West”, experiences stable Trends to watch1 population growth year over year with modest yet − Stable market that has not seen cap rate consistent price appreciations. With stable vacancy compression rates, the demand for multi-family rentals rem
Slide 7: Current Portfolio – at December 31, 2023
Current Portfolio – at December 31, 2023 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 Un
Slide 8: 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 9: 2023 Performance
2023 Performance • Positive cash generated throughout 2023 of • New generation portfolio exempt from $341K provincial rent control with construction dates from 2006 - 2021 • Growth in investment properties fair value of • Distributions to Unitholders increased by 2 5.98% or $7.6M from December 31, 2
Slide 10: Performance Measures
Performance Measures FFO/Unit1 AFFO/Unit1 $0.0970 $0.0936 $0.0796 $0.0682 $0.0694 $0.0582 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 • Growth in FFO/Unit1 and AFFO/Unit1 driven by acquisition of Element & Prairie View Pointe NAV/Unit1 $1.90 $1.44 $1.27 Dec 31, 2021
Slide 11: Marwest REIT Overview
Marwest REIT Overview Trustees and Officers of the REIT are heavily aligned with investors. • Directors of the Manager, Marwest Asset Management Inc., and legacy third party investors own 100 % of the outstanding Exchangeable Units • Officers and Trustees of the REIT own 7.7% of outstanding Trust Un
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 Affo
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, parks
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, ret
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 of
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 non
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 uni
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