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Parkit Enterprise Inc. (V:PKT)

Business Focus: Parking Lot Operators

INK Edge Outlook

Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for PKT within the last 6 months
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Company News

Jan 19, 2023 17:02 ET
Parkit Announces Grant of Options
Toronto, Ontario--(Newsfile Corp. - January 19, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), announced today certain directors, officers, employees and consultants have been issued an aggregate of 3,525,000 options pursuant to Parkit's option plan with an effective date of January 19, 2023, with each such option being exercisable into one common share at an exercise price of $1.05 at any time on or before the tenth anniversary of its issuance. Each of the options vested on grant.
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Jan 16, 2023 17:46 ET
Parkit to Acquire $90.3MM Portfolio of 10 Industrial Assets in Winnipeg and Saskatchewan
Toronto, Ontario--(Newsfile Corp. - January 16, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), has entered into an asset purchase agreement (the "Purchase Agreement"), with two private entities (collectively, the "Vendor"), pursuant to which Parkit has agreed to purchase a portfolio of 10 industrial properties located in Winnipeg and Saskatchewan (the "Portfolio"), for an aggregate purchase price of $90,250,000, subject to customary adjustments (the "Acquisition"). The Vendor is not a related party to Parkit and the Acquisition constitutes an Arm's Length Transaction for the purposes of the TSX Venture Exchange policies.
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Valuation Ratios

Industry
Sector
Beta
1.64
--
--
Price to Sales - TTM
24.45
24.45
3.75
Price to Book - most recent quarter
1.49
1.49
2.60
Price to Cash Flow per share - TTM
--
--
11.20
Price to Free Cash Flow per share - TTM
46.46
46.46
33.26
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Jan 15, 2023223,251194,913
Dec 31, 202228,338-13,952
Dec 15, 202242,29015,967
See Short Report

Business Summary

Sector:  Industrials Industry:  Highways & Rail Tracks

Parkit Enterprise Inc. is an industrial real estate platform that is engaged in the acquisition, growth and management of industrial real estate in Canada to complement its parking assets in the United States. It operates through two segments: Investment Properties and Parking Assets. The Investment Properties segment involves the acquisition and management of income producing industrial properties across various markets in Canada, with a focus on the Greater Toronto Area and Ottawa. The Parking Assets segment involves the acquisition and management of income producing parking facilities across the United States. Its property portfolios include industrial assets and parking assets. The Industrial assets include 1551 Parisien St, Ottawa, Ontario; 5610 Finch Ave East, Toronto, Ontario; 415 Legget Dr. Ottawa, Ontario; 1165 Kenastion St. Ottawa, Ontario and more. The parking assets include Canopy Airport Parking Facility, Chapel Square Lot, Z-Parking and Nashville Fly-Away Airport Parking.

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