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Cominar REIT (CUF_u.TO)

CUF_u.TO on Toronto Stock Exchange

12.74CAD
16 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Cominar Reports Qtrly Operating Revenues $207.4 Mln Vs $210.4 Mln‍​
Thursday, 8 Mar 2018 

March 8 (Reuters) - Cominar Reit ::COMINAR ANNOUNCES FISCAL 2017 RESULTS, INTRODUCES TRANSFORMATIONAL "COMINAR 2.0" STRATEGY.COMINAR REIT - QTRLY OPERATING REVENUES $207.4 MILLION VERSUS $210.4 MLN‍​.COMINAR REIT - QTRLY FFO $58.5 MILLION VERSUS $69.4 MLN‍​.COMINAR REIT - AS PART OF COMINAR 2.0 CO INTENDS TO MAKE NEW ADDITIONS TO BOARD OF TRUSTEES.  Full Article

Slate Office REIT Says ISS & Glass Lewis Recommend Co's Unitholders Vote For Proposed Deal With Cominar Reit​
Monday, 26 Feb 2018 

Feb 26 (Reuters) - Slate Office Reit ::TWO LEADING PROXY ADVISORY FIRMS RECOMMEND THAT SLATE OFFICE REIT UNITHOLDERS VOTE FOR THE PROPOSED ACQUISITION OF A PORTFOLIO OF PROPERTIES FROM COMINAR REIT.SLATE OFFICE REIT - ISS & GLASS LEWIS RECOMMEND CO'S UNITHOLDERS VOTE FOR PROPOSED DEAL OF PORTFOLIO OF PROPERTIES FROM COMINAR REIT​.  Full Article

Cominar REIT Announces Increase Of 2017 Normal Course Issuer Bid
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Cominar REIT ::COMINAR REIT - RECEIVED APPROVAL OF TORONTO STOCK EXCHANGE TO AMEND NCIB TO RAISE MAXIMUM NUMBER OF UNITS IT INTENDS TO REPURCHASE TO 17.6 MILLION UNITS.COMINAR REIT - NO OTHER TERMS OF NORMAL COURSE ISSUER BID HAVE CHANGED.  Full Article

Cominar Announces Sale Of All Non-Core Properties To Slate Acquisitions Inc. For Proceeds Of $1.14 Billion
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Cominar Reit ::COMINAR ANNOUNCES SALE OF ALL NON-CORE PROPERTIES TO SLATE ACQUISITIONS INC. FOR PROCEEDS OF $1.14 BILLION.COMINAR REIT - ENTERED INTO AGREEMENT WITH SLATE ACQUISITIONS FOR SALE OF ENTIRE NON-CORE MARKET PROPERTY PORTFOLIO FOR GROSS PROCEEDS OF $1.14 BILLION.COMINAR REIT - NET PROCEEDS FROM SALE OF NON-CORE MARKET PORTFOLIO WILL BE USED TO REDUCE INDEBTEDNESS BY APPROXIMATELY $875 MILLION.  Full Article

Sylvain Cossette becomes president and CEO of Cominar
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Cominar Reit :Sylvain Cossette becomes president and chief executive officer of Cominar.Cominar REIT - Qtrly ‍net operating income was $110.2 million compared to $124.6 million for corresponding period of 2016​.Cominar REIT - ‍Recurring funds from operations for q3 of 2017 was $65.3 million, compared to $68.5 million​.Cominar REIT qtrly ‍recurring adjusted funds from operations for Q3 of 2017 $0.30​ per share.Cominar REIT - Have ‍decided to refocus activities on core markets being province of Quebec and Ottawa region​.Cominar REIT qtrly ‍operating revenues $204.2 million versus $217.9 million.Cominar REIT - ‍ Michel Dallaire is chairman of board of trustees and outgoing chief executive officer of Cominar​.  Full Article

Cominar plans to concentrate on its core markets and to reduce debt level
Tuesday, 22 Aug 2017 

Aug 22 (Reuters) - Cominar Reit :Cominar REIT - has decided to sell its properties located in regions outside its core markets which have an estimated fair value exceeding $1.2 billion​.Cominar - ‍board of trustees of co has authorized a normal course issuer bid to purchase for cancellation a maximum of 9 million outstanding units of REIT​.Cominar REIT - to use majority of sales proceeds to reduce its debt-to-gross book value to below 48 percent.  Full Article

Cominar updates its unsecured debenture refinancing plan
Friday, 4 Aug 2017 

Aug 4 (Reuters) - Cominar Reit :Cominar updates its unsecured debenture refinancing plan.Cominar reit - ‍downward changes to credit rating will have negative impact on co's ability to finance in unsecured debt marketplace.Cominar reit - terms and conditions of outstanding debentures remain unaffected by rating change.Cominar reit - dbrs said it had downgraded rating of reit's senior unsecured debentures to bb with a stable trend from bbb (low) with a negative trend​.  Full Article

Cominar REIT qtrly operating revenue $210.0 mln vs $217.3 million
Thursday, 3 Aug 2017 

Aug 3 (Reuters) - Cominar Reit ::Cominar Reit - for quarter ended june 30, 2017, operating revenues were $210.0 million compared to $217.3 million for corresponding period of 2016.Cominar reit qtrly ‍recurring funds from operations for q2 of 2017 were $64.9 million, while they were $71.4 million for corresponding period of 2016​.Cominar reit qtrly ‍fully diluted recurring funds from operations per unit amounted to $0.35 for q2 of 2017, up $0.02 from previous quarter​.Cominar reit qtrly ‍fully diluted adjusted ffo per unit amounted to $0.31 for q2 of 2017, up $0.02 from previous quarter​.  Full Article

Cominar REIT Q2 earnings per share $0.41
Thursday, 4 Aug 2016 

Cominar Real Estate Investment Trust : Qtrly earnings per share $0.41; qtrly operating revenue $217.3 million, down 3.3 percent . Q2 revenue view C$217.6 million -- Thomson Reuters I/B/E/S . Qtrly funds from operations per unit $0.42 .Q2 FFO per share view c$0.43 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Cominar Reports Q1 Adjusted FFO Per Share C$0.23

* COMINAR ANNOUNCES 2018 FIRST QUARTER RESULTS AND HIGHLIGHTS