Sun Residential REIT Announces Inaugural Quarterly Distribution for Investors
Toronto, Ontario--(Newsfile Corp. - December 14, 2022) - Sun Residential Real Estate Investment Trust (TSXV: SRES) is pleased to announce that its Board of Trustees has approved the initiation of a quarterly distribution program and has declared an inaugural quarterly distribution of C$0.00095 (0.095 Canadian cents) per unit to be paid during the first quarter of 2023. This distribution will be paid March 31, 2023 to unitholders of record as of the close of business on March 10, 2023,...
2022-12-14 4:25 PM EST
Sun Residential REIT Reports Strong Results in Q3 And Announces Investor Conference Call on November 1
Toronto, Ontario--(Newsfile Corp. - October 31, 2022) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and nine months ended September 30, 2022. All amounts are in United States dollars.Revenue for the three months ended September 30, 2022 was $1,403,333 (same period, prior year - $1,284,107), net rental income was $922,962 (prior year - $919,966), and the net income for the three months was $357,346 (prior year - $482,272)....
2022-10-31 4:59 PM EDT
Sun Residential REIT Continues to Report Excellent Results - and Announces Investor Conference Call on August 3
Toronto, Ontario--(Newsfile Corp. - August 2, 2022) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and six months ended June 30, 2022. All amounts are in United States dollars, unless shown as C$, which refers to Canadian dollars.Revenue for the three months ended June 30, 2022 was $1,354,447 (same period, prior year - $1,189,384), net rental income was $955,321 (prior year - $870,735), and the net income for the three months...
2022-08-02 4:50 PM EDT
Sun Residential REIT Continues to Report Excellent Results - And Announces Investor Conference Call on May 4
Toronto, Ontario--(Newsfile Corp. - May 3, 2022) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months ended March 31, 2022. All amounts are in United States dollars, unless shown as C$ which refers to Canadian dollars.Revenue for the three months ended March 31, 2022 was $1,289,831 (same period, prior year - $1,176,066), net rental income was $908,741 (prior year - $864,401), and the net income was $476,787 (prior year -...
2022-05-03 4:50 PM EDT
Sun Residential REIT Reports Excellent Results - And Announces Investor Conference Call on February 15
Toronto, Ontario--(Newsfile Corp. - February 8, 2022) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months and year ended December 31, 2021. All amounts are in United States dollars, unless shown as C$ which refers to Canadian dollars.Revenue for the three months ended December 31, 2021 was $1,296,918 (same period, prior year - $1,178,338), net rental income was $213,355 (prior year - $322,806), and the net income was $5,622,213...
2022-02-08 4:00 PM EST
Sun Residential REIT Net Income up 19.2% from Q3 Previous Year - And Announces Investor Conference Call on November 3
Toronto, Ontario--(Newsfile Corp. - November 2, 2021) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and nine months ended September 30, 2021. All amounts are in United States dollars.Revenue for the three months ended September 30, 2021 was $1,284,107 (same period, prior year - $1,176,957), net rental income was $919,966 (prior year - $812,764), and the net income for the three months was $482,272 (prior year - $404,520), up...
2021-11-02 4:55 PM EDT
Sun Residential REIT Continues Very Good Results - and Announces Investor Conference Call on August 4
Toronto, Ontario--(Newsfile Corp. - August 3, 2021) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and six months ended June 30, 2021. All amounts are in United States dollars, unless otherwise stated.Revenue for the three months ended June 30, 2021 was $1,189,384 (same period, prior year - $1,165,743), net rental income was $870,735 (prior year - $869,457), and income before taxes for the three months was $6,312,855 (prior year...
2021-08-03 4:45 PM EDT
Sun Residential REIT Releases Solid Results and Announces Investor Conference Call on May 6
Toronto, Ontario--(Newsfile Corp. - May 5, 2021) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months ended March 31, 2021. All amounts are in United States dollars.Revenue for the three months ended March 31, 2021 was $1,176,066 (same period, prior year - $835,781), net rental income was $864,401 (prior year - $472,180), and the net income for the three months was $473,795 (prior year - loss of $793,536). Since operations...
2021-05-05 4:29 PM EDT
Sun Residential REIT Releases Solid Results and Announces Investor Conference Call on February 11
Toronto, Ontario--(Newsfile Corp. - February 10, 2021) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months and the year ended December 31, 2020. All dollar amounts are in United States dollars.Revenue for the year December 31, 2020 was $4,356,819 (prior year - nil), net rental income was $2,477,207 (prior year - nil), and the net income and comprehensive income for the year was $234,660 (prior year - loss of $681,372). ...
2021-02-10 4:40 PM EST
Sun Residential REIT Releases Very Good Third Quarter Results - and Announces Investor Conference Call on November 5
Toronto, Ontario--(Newsfile Corp. - November 4, 2020) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and nine months ended September 30, 2020. All dollar amounts are in United States dollars.Revenue for the three months ended September 30, 2020 was $1,176,957, net rental income was $812,764, and the net income and comprehensive income for the quarter was $404,520. Revenue for the nine months ended September 30, 2020 was...
2020-11-04 4:55 PM EST
Sun Residential REIT Releases Solid Second Quarter Results - First Full Quarter After Acquiring Tallahasee Property
Toronto, Ontario--(Newsfile Corp. - August 5, 2020) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and six months ended June 30, 2020. This represents the first full quarter of results since Sun completed a financing and concurrent qualifying transaction on January 28, 2020. All dollar amounts are in United States dollars.Revenue for the three months ended June 30, 2020 was $1,165,743, net rental income was $869,457, and the...
2020-08-05 4:30 PM EDT
Sun Residential REIT Provides Operational Update and Announces Date for Q2 Investor Conference Call
Toronto, Ontario--(Newsfile Corp. - June 25, 2020) - Sun Residential Real Estate Investment Trust (TSXV: SRES) has provided an update regarding its operations. Although the ultimate impact of the coronavirus epidemic cannot be determined at this point, high quality multi-family residential properties such as Sun's Evergreen at Southwood property continue to be less severely affected than other types of real estate. Currently, occupancy of 93% and collections of 98% for June are consistent...
2020-06-25 8:00 AM EDT
Sun Residential REIT Provides Operational Update
Toronto, Ontario--(Newsfile Corp. - May 28, 2020) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today provided an update regarding its operations. Although the ultimate impact of the coronavirus epidemic cannot be determined at this point, high quality multi-family residential properties such as Sun's Evergreen at Southwood property appear to be less severely affected than other types of real estate. As of the date hereof, occupancy of 93% and collections of 98.8% for May are in...
2020-05-28 8:00 AM EDT
Sun Residential REIT Releases First Interim Financial Statements After Completing Qualifying Transaction on January 28, 2020
Toronto, Ontario--(Newsfile Corp. - April 29, 2020) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months ended March 31, 2020. This represents the first earnings release since Sun completed a financing and concurrent qualifying transaction on January 28, 2020.Revenue for the three months ended March 31, 2020 was US$835,781, net rental income was US$472,180, and the net loss for the period was US$793,536. Revenue and net rental...
2020-04-29 4:58 PM EDT
Sun Residential Real Estate Investment Trust Announces Completion of Qualifying Transaction and Concurrent Private Placement
Toronto, Ontario--(Newsfile Corp. - January 28, 2020) - Sun Residential Real Estate Investment Trust (TSXV: SRES.P) ("Sun"), a capital pool company (as such term is defined in Policy 2.4 (the "CPC Policy") of the Corporate Finance Manual of the TSX Venture Exchange (the "TSXV")), is pleased to announce that it has closed its previously announced Qualifying Transaction (as such term is defined in the CPC Policy). The Qualifying Transaction involved the acquisition by a Delaware-based...
2020-01-28 12:03 PM EST
Sun Residential Real Estate Investment Trust Announces TSXV Conditional Approval and Filing of Filing Statement for Its Qualifying Transaction
Toronto, Ontario--(Newsfile Corp. - January 24, 2020) - Sun Residential Real Estate Investment Trust (TSXV: SRES.P) ("Sun"), a capital pool company (as such term is defined in Policy 2.4 (the "CPC Policy") of the Corporate Finance Manual of the TSX Venture Exchange ("TSXV")), is pleased to announce that it has received conditional approval from the TSXV for the closing of its Qualifying Transaction (as such term is defined in the CPC Policy) and that it has filed a filing statement...
2020-01-24 8:53 PM EST
Sun Residential Real Estate Investment Trust Announces Upsize to Previously Announced Private Placement
Toronto, Ontario--(Newsfile Corp. - November 26, 2019) - Sun Residential Real Estate Investment Trust (TSXV: SRES.P) ("SunREIT"), a capital pool company, as such term is defined by TSXV Policy 2.4 - Capital Pool Companies ("Policy 2.4"), is pleased to announce that it has amended the terms of its previously announced private placement offering (the "Offering") in connection with SunREIT's proposed "Qualifying Transaction" (as such term is defined by Policy 2.4).Pursuant to the revised terms...
2019-11-26 1:45 PM EST
Sun Residential Real Estate Investment Trust Announces Proposed Qualifying Transaction
Toronto, Ontario--(Newsfile Corp. - November 14, 2019) - Sun Residential Real Estate Investment Trust (TSXV: SRES) ("Sun"), a capital pool company (as defined in Policy 2.4 (the "CPC Policy") of the TSX Venture Exchange (the "TSXV") Corporate Finance Manual), is pleased to announce that it has entered into a definitive purchase agreement dated November 14, 2019 (the "Purchase Agreement") with Westdale Galesi Partners, LLC (the "Vendor"), an affiliate of Westdale Properties, a well-known...
2019-11-14 9:01 PM EST
Daniel Argiros Acquires Trust Units of Sun Residential Real Estate Investment Trust
Toronto, Ontario--(Newsfile Corp. - August 13, 2019) - On August 9, 2019, Sun Residential Real Estate Investment Trust (the "Issuer") completed its initial public offering of 5,000,000 trust units (the "IPO") issued at a price of $0.10 per unit pursuant to an amended and restated prospectus dated July 26, 2019 and a concurrent private placement of 40,000,000 trust units issued at $0.10 per unit (the "Private Placement" and, together with the IPO, the "Transaction") resulting in aggregate...
2019-08-13 8:43 AM EDT