Parkit Completes Sale of Winnipeg Property and Adds To Investment in PROREIT
Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), has completed the sale of its remaining property located in Winnipeg, Manitoba (the "Property") to PRO Real Estate Investment Trust (TSX: PRV.UN) ("PROREIT") for proceeds of $5,350,000, subject to customary adjustments (the "Transaction"). Parkit received $2,140,000 of the proceeds in the form of 345,161 trust units of PROREIT ("Trust Units") priced at $6.20 per Trust Unit....
2025-12-18 7:02 AM EST
Parkit Contributes London Industrial Property and Forms Joint Venture for Residential Redevelopment
Toronto, Ontario--(Newsfile Corp. - November 24, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), is pleased to announce that it has contributed the 3.55 acres of lands at 568 Second Street, London, Ontario, to a three-party joint venture called 760 Second Street Partnership (the "Joint Venture") for total contribution of $12,900,000, subject to customary adjustments (the "Transaction"). The Joint Venture is comprised of Parkit for a 50% share, Decade Capital ("Decade")...
2025-11-24 7:30 AM EST
Parkit Enterprise Reports Q3 2025 Results
Toronto, Ontario--(Newsfile Corp. - November 6, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") today reported the Company's third quarter 2025 results. Steven Scott, Chair of Parkit, commented: "Parkit acquired 99,690 sf multi-tenant industrial warehouse in Edmonton, Alberta and continued its strong financial performance. We grew our net rental income and margins in Q3 2025, resulting in a year over year same property NOI growth of 9% and FFO growth of 31%. We renewed...
2025-11-06 5:00 PM EST
Parkit Enterprise Reports Q2 2025 Results
Toronto, Ontario--(Newsfile Corp. - August 7, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's second quarter 2025 results. Steven Scott, Chair of Parkit, commented: "Parkit is pleased to report strong performance for Q2 2025, highlighted by several key achievements and strategic moves. We completed the sale of six Winnipeg assets, realizing a substantial gain, and made a strategic investment in PROREIT. Our financial metrics showed positive...
2025-08-07 6:55 PM EDT
Parkit Acquires Industrial Asset in Edmonton
Toronto, Ontario--(Newsfile Corp. - August 6, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), is pleased to announce that it has completed the acquisition (the "Acquisition") of an industrial building located in Edmonton, Alberta (the "Property") from an arm's length vendor (the "Vendor"). The Acquisition constitutes an Arm's Length Transaction for the purposes of the TSX Venture Exchange policies. The Property is a multi-tenant industrial building located in Edmonton. The building has...
2025-08-06 5:43 PM EDT
Parkit Completes Sale of Winnipeg Industrial Asset Portfolio for Cash and an Investment in PROREIT
Toronto, Ontario--(Newsfile Corp. - June 27, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), has completed the sale of a portfolio of six industrial properties located in Winnipeg, Manitoba (the "Properties") to a subsidiary of PRO Real Estate Investment Trust (TSX: PRV.UN) ("PROREIT") for proceeds of $96,500,000, subject to customary adjustments (the "Transaction"). Parkit received $40 million of the proceeds in the form of 6,451,613 units of PROREIT and its...
2025-06-27 7:02 AM EDT
Parkit to Sell Winnipeg Industrial Asset Portfolio in Return for an Investment in PROREIT
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") has agreed to sell a portfolio of six industrial buildings and properties located in Winnipeg, Manitoba (the "Properties"), to PRO REIT Limited Partnership ("PROREIT LP") as purchaser, for aggregate proceeds of $96,500,000, subject to customary adjustments (the "Transaction"). Approximately $40 million of the proceeds will be in the form of units of PRO Real Estate Investment...
2025-05-13 7:00 AM EDT
Parkit Enterprise Reports Q1 2025 Results
Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's first quarter 2025 results. Steven Scott, Chair of Parkit, commented: "Parkit started the year with an acquisition of a new property in Boisbriand, Quebec and continued its strong financial performance. We grew our net rental income and margins in Q1 2025, resulting in a year over year same property NOI growth of 10% and FFO growth of 25%. We renewed...
2025-05-08 5:00 PM EDT
Parkit Announces Normal Course Issuer Bid
Toronto, Ontario--(Newsfile Corp. - March 20, 2025) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit" or the "Corporation") is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange to renew its Normal Course Issuer Bid ("NCIB") to purchase for cancellation, during the 12-month period starting March 28, 2025, up to 11,088,361 of the outstanding common shares of the Corporation (the "Common Shares"), representing 5% of the Common Shares outstanding. The...
2025-03-20 5:30 PM EDT
Parkit Enterprise Reports Fiscal 2024 Annual Results; Highlighting Acquisitions; Provides 2025 Outlook
Toronto, Ontario--(Newsfile Corp. - March 6, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's full year 2024 audited results. Steven Scott, Chair of Parkit, commented: "Parkit continued to grow its net rental income and margins in 2024, resulting in a Stabilized Comparative Properties NOI increase of 17% for the year. During the year, we signed new leases on 187,855 square feet of space and renewed 156,843 square feet of space at market...
2025-03-06 5:55 PM EST
Parkit Completes Acquisition of Industrial Asset in Quebec
Toronto, Ontario--(Newsfile Corp. - February 6, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), is pleased to announce it has completed the acquisition of one industrial asset from a non-arms length vendor (the "Vendor"), for an aggregate purchase price of $10,250,000 (the "Purchase Price"), subject to customary adjustments (the "Acquisition"). 1650 Blvd Lionel Bertrand, Boisbriand, Quebec The Acquisition consists of an industrial building at 1650 Boulevard Lionel-Bertrand, Boisbriand,...
2025-02-06 5:00 PM EST
Parkit Announces Grant of Options
Toronto, Ontario--(Newsfile Corp. - December 30, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit") announced today that certain directors, officers, employees and consultants have been issued an aggregate of 1,588,500 options pursuant to Parkit's option plan, with each such option being exercisable into one common share at an exercise price of $0.60 at any time on or before the tenth anniversary of its issuance. Each of the options vested on grant. Of the options granted above, 1,125,000...
2024-12-30 5:00 PM EST
Parkit Completes Acquisition of Industrial Asset in Ottawa
Toronto, Ontario--(Newsfile Corp. - December 19, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), is pleased to announce it has completed the acquisition of one industrial asset from an arm's length vendor (the "Vendor"), for an aggregate purchase price of $9,500,000, subject to customary adjustments (the "Acquisition"). 1650 Comstock Rd, Ottawa, Ontario The Acquisition consisted of 1650 Comstock Rd, Ottawa, Ontario (the "Property"). The Property consist of one building with...
2024-12-19 5:03 PM EST
Parkit Enterprise Reports Q3 2024 Results
Toronto, Ontario--(Newsfile Corp. - November 7, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") is pleased to report its third quarter 2024 results. Steven Scott, Chair of Parkit, commented: "Parkit continued to grow its net rental income and margins in Q3 2024, resulting in a same property NOI increase of 16% for the quarter. We renewed 70,000 square feet of leases at 42% higher rates and signed new leases on 36,000 square feet of space. We continue to maintain a...
2024-11-07 5:30 PM EST
Parkit Enterprise Reports Q2 2024 Results
Toronto, Ontario--(Newsfile Corp. - August 8, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), is pleased to report its second quarter 2024 results. Steven Scott, Chair of Parkit, commented: "Parkit closed its previously announced acquisition in Winnipeg, MB and continued to grow its net rental income and margins in Q2 2024, resulting in a same property NOI increase of 16% for the quarter. We renewed 86,000 square feet of leases at 86% higher rates and signed a new...
2024-08-08 5:42 PM EDT
Parkit Enterprise Reports Q1 2024 Results
Toronto, Ontario--(Newsfile Corp. - May 7, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's first quarter 2024 results. Steve Scott, Chair of Parkit, commented: "Parkit continued to improve its net rental income and margins through successful negotiations with existing and new tenants and by integrating the $100 million of assets purchased last year. Subsequent to Q1, Parkit cash closed on a $6.3 million acquisition in Winnipeg, and with 96%...
2024-05-07 5:33 PM EDT
Parkit Completes Acquisition of Industrial Asset in Winnipeg
Toronto, Ontario--(Newsfile Corp. - April 2, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") is pleased to announce that, further to its November 15, 2023 news release, it has completed the acquisition of one industrial asset from a vendor ("Vendor") for an aggregate purchase price of $6,300,000, subject to customary adjustments (the "Acquisition"). 961-975 Sherwin Rd, Winnipeg, Manitoba The Acquisition consisted of 961-975 Sherwin Rd, Winnipeg, Manitoba (the...
2024-04-02 8:27 PM EDT
Parkit Announces Normal Course Issuer Bid
Toronto, Ontario--(Newsfile Corp. - March 25, 2024) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit" or the "Corporation") is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange to renew its Normal Course Issuer Bid ("NCIB") to purchase for cancellation, during the 12-month period starting March 28, 2024, up to 11,394,158 of the outstanding common shares of the Corporation (the "Common Shares"), representing 5% of the Common Shares outstanding. The...
2024-03-25 2:52 PM EDT
Parkit Enterprise Reports Fiscal 2023 Annual Results; Highlighting Acquisitions; Provides 2024 Outlook
Toronto, Ontario--(Newsfile Corp. - March 7, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's full year 2023 audited results. Steve Scott, Chair of Parkit, commented: "Parkit continued to improve its net rental income and margins by integrating the $100 million of assets purchased this year and through successful negotiations with existing and new tenants. With 97% of our interest rate on our debt fixed, Parkit continues to have a strong...
2024-03-07 7:01 PM EST
Parkit Announces Grant of Options
Toronto, Ontario--(Newsfile Corp. - December 29, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit") announced today that certain directors, officers, employees and consultants have been issued an aggregate of 2,228,500 options pursuant to Parkit's option plan, with each such option being exercisable into one common share at an exercise price of $0.63 at any time on or before the tenth anniversary of its issuance. Each of the options vested on grant. Of the options granted above, 1,790,000...
2023-12-29 5:00 PM EST