Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following two offers if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you downgrade to Basic or cancel with-in 10 days of first subscribing, we will refund your payment upon request. Immediately after downgrading or cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Partners Real Estate Investment Trust (T:PAR.UN)

Business Focus: Commercial REITs

Log in or join to add this stock to your watch list.
Sector:  Financials Industry:  Commercial REITs
See Regulatory Filings on SEDAR
Company Contact
Address: 36 Toronto St Suite 1160
Tel: N/A
IR: See website
Key People
Ian Ross
Chairman of the Board of Trustee, Interim Chief Executive Officer
Derrick W. West
Chief Financial Officer, Corporate Secretary
Business Overview
Partners Real Estate Investment Trust (Partners REIT) is a Canada-based open-ended real estate investment trust. The Trust is focused on the acquisition and management of a range of retail and mixed-use retail community and neighborhood shopping centers. The Trust's properties are located in both primary and secondary markets throughout Canada, and are primarily mid-market assets. Partners REIT's portfolio consists of approximately 30 properties located in British Columbia, Alberta, Manitoba, Ontario and Quebec. Partners REIT's properties consist of approximately 2.5 million square feet of gross leasable area (GLA). The Trust's properties include Centuria Urban Village in British Columbia; Manning Crossing in Alberta; Shoppers Drug Mart Property in Manitoba; Cornwall Square, Crossing Bridge Square, King George Square, Place Val Est, Rona Property and Wellington Southdale in Ontario, and Elgar Place, Marcel Laurin, Place Desormeaux and Plaza des Seigneurs in Quebec.
Financial Overview
For the three months ended 31 March 2019, Partners Real Estate Investment Trust revenues decreased 29% to C$9.2M. Net income totaled C$2.9M vs. loss of C$2.3M. Revenues reflect FFO per Share (Basic) decrease of 14% to C$0.06, FFO per Share (Diluted) decrease of 14% to C$0.06. Net Income reflects FV Adjustments on Investment Property increase from C$5M (expense) to C$87K (income), Financing costs decrease of 41% to C$1.7M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $87.04M as of Mar 31, 2019
Annual revenue (TTM): $45.07M as of Mar 31, 2019
EBITDA (TTM): $22.94M as of Mar 31, 2019
Net annual income (TTM): -$27.72M as of Mar 31, 2019
Free cash flow (TTM): -$33.62M as of Mar 31, 2019
Net Debt Last Fiscal Year: $62.76M as of Mar 31, 2019
Shares outstanding: 46,079,673 as of Mar 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization