Northview Residential REIT Declares August Distribution
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Northview Residential REIT Declares August Distribution
CALGARY, Alberta – Northview Residential REIT (the “REIT”) today announced its August cash distribution amounts on its outstanding Class A Units, Class C Units, and Class F Units (collectively, the “Units”) in the amount of C$0.091146 per Unit, which equates to C$1.09 per Unit on an annualized basis. The distribution will be payable to holders of Units of record at the end of August.
Details of the Distribution
The scheduled distribution payment will be disbursed on September 16 to all eligible unit holders. This distribution reinforces Northview Residential REIT's commitment to returning value to its investors while managing a diverse portfolio of rental properties. This announcement highlights the REIT's consistent performance and reliability in maintaining distributions for its stakeholders.
Financial Performance of Northview Residential REIT
Northview Residential REIT operates with a strong focus on income generation and maintaining quality assets. The REIT's financial health continues to be strong, thanks to its strategic acquisitions and management of properties that produce steady cash flows. Investors can expect continued stability from its distributions as the company effectively occupies its markets.
About Northview Residential REIT
Northview Residential REIT is a publicly traded real estate investment trust established under the laws of Ontario. The primary focus of the REIT is to indirectly acquire, own, and operate a diverse portfolio of income-producing rental properties located in secondary markets across Canada. This strategic focus allows Northview to tap into emerging market opportunities, enhancing its portfolio's earnings capability.
Contact Information
For further inquiries regarding Northview Residential REIT, stakeholders can contact:
Todd Cook, President and Chief Executive Officer
Northview Residential REIT
Tel: (403) 531-0720
Email: tcook@nvreit.ca
Sarah Walker, Chief Financial Officer
Northview Residential REIT
Tel: (403) 531-0720
Email: swalker@nvreit.ca
Frequently Asked Questions
What is the amount of the August distribution declared by Northview Residential REIT?
The August distribution amount is C$0.091146 per Unit, which is C$1.09 on an annualized basis.
When will the distribution be payable?
The distribution will be payable on September 16 to holders of Units of record at the end of August.
What types of Units are included in this distribution?
The distribution applies to outstanding Class A Units, Class C Units, and Class F Units.
What is the primary focus of Northview Residential REIT?
The primary focus is to indirectly acquire, own, and operate a portfolio of income-producing rental properties in secondary markets across Canada.
Who can I contact for more information regarding the REIT?
You can contact Todd Cook or Sarah Walker at the provided telephone numbers or emails for additional information.
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