Marwest REIT Declares New Monthly Cash Distribution for Investors
Marwest Apartment REIT Announces Monthly Cash Distribution
Marwest Apartment Real Estate Investment Trust (TSXV: MAR) has made an important announcement regarding its monthly cash distribution, showcasing its continued dedication to investor returns. The Trustees of the REIT have declared a cash distribution of $0.0013 per trust unit for the month of February. This reflects an attractive annualized distribution rate of $0.0156 per trust unit.
Key Details of the Distribution
The cash distribution is slated for payment on a specified date, to unitholders who are on record as of the end of February. This strategy to provide regular cash returns reinforces Marwest REIT's commitment to its investors, ensuring they benefit from the trust's performance and stability.
Current Unit Statistics
As of this announcement, Marwest Apartment REIT holds a total of 9,055,242 trust units and 10,443,596 exchangeable units issued and outstanding. This solid unit structure underlines the REIT's capacity to manage a robust portfolio within the real estate market.
Understanding Marwest Apartment REIT
Marwest Apartment REIT operates as an open-ended trust, under the governance of the laws specific to its operating province. The REIT aims to provide its unitholders the unique opportunity to invest in the multi-family rental sector across Canada. Its initial focus emphasizes stable, high-quality income-producing properties, particularly in western regions known for their growth potential.
Expertise Behind the REIT
The management team at Marwest is composed of industry veterans, boasting over a century of collective experience in multi-residential real estate. Their comprehensive skill set spans development, construction, management, and financing—all critical for the successful operation of the REIT. Furthermore, the Marwest Group of Companies oversees asset and property management, leveraging its extensive industry knowledge and established relationships.
Looking Ahead
With a legacy of developing over 12,000 residential units and current management of more than 2,500 units, the experience embedded in the Marwest team serves as a significant asset. The REIT aims to capitalize on this expertise as it progresses within the market, seeking out opportunities that promise robust returns for its unitholders.
Frequently Asked Questions
What was announced by Marwest Apartment REIT?
Marwest Apartment REIT announced a monthly cash distribution of $0.0013 per trust unit for February, demonstrating its commitment to returning value to investors.
When will the cash distribution be paid?
The cash distribution will be paid on March 17 to unitholders recorded by the end of February.
How many units are currently outstanding?
The REIT currently has 9,055,242 trust units and 10,443,596 exchangeable units outstanding.
What is the focus of Marwest Apartment REIT?
Marwest Apartment REIT focuses on high-quality multi-family rental properties in stable markets, primarily in western Canada.
Who manages the Marwest Apartment REIT?
The REIT is managed by a team with over 100 years of combined experience in real estate, supported by the Marwest Group, which specializes in various facets of property-related business.
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