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Cominar REIT (CUF_u.TO)

CUF_u.TO on Toronto Stock Exchange

12.50CAD
14 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Cominar Announces Offering Of $200 Million Of Series 11 Senior Unsecured Debentures Due May 15, 2024
Saturday, 11 May 2019 

Cominar REIT ::COMINAR ANNOUNCES OFFERING OF $200 MILLION OF SERIES 11 SENIOR UNSECURED DEBENTURES DUE MAY 15, 2024.COMINAR REIT - OFFERING OF $200 MILLION PRINCIPAL AMOUNT OF 4.5% SERIES 11 SENIOR UNSECURED DEBENTURES.COMINAR REIT - DEBENTURES WILL BE ISSUED AT A PRICE OF $1,000 PER $1,000 PRINCIPAL AMOUNT OF DEBENTURES.COMINAR REIT - INTENDS TO USE NET PROCEEDS OF OFFERING OF APPROXIMATELY $ 197.2 MILLION TO PAY DOWN DEBT.COMINAR REIT - TO USE NET PROCEEDS OF OFFERING FOR REPAYMENT OF $300 MILLION AGGREGATE PRINCIPAL AMOUNT OF SERIES 7 DEBENTURES DUE JUNE 21, 2019..  Full Article

Cominar REIT Says FFO Per Unit Was $0.26 For Q1 2019
Monday, 6 May 2019 

May 6 (Reuters) - Cominar REIT ::COMINAR ANNOUNCES 2019 FIRST QUARTER RESULTS AND HIGHLIGHTS CONTINUED IMPROVEMENT IN ORGANIC GROWTH.FFO PER UNIT WAS $0.26 FOR Q1 2019.AFFO PER UNIT WAS $0.18 FOR Q1 2019.SAME PROPERTY NOI FOR Q1 2019 WAS $88.4 MILLION COMPARED TO $86.8 MILLION FOR Q1 2018.Q1 FFO PER SHARE VIEW C$0.27 -- REFINITIV IBES DATA.  Full Article

Cominar REIT - Normal Course Issuer Bid
Monday, 10 Dec 2018 

Dec 10 (Reuters) - Cominar REIT ::NORMAL COURSE ISSUER BID.COMINAR REIT - RECEIVED APPROVAL OF TORONTO STOCK EXCHANGE, TO PROCEED WITH A NORMAL COURSE ISSUER BID PREVIOUSLY ANNOUNCED ON NOVEMBER 9, 2018.COMINAR REIT - COMINAR MAY PURCHASE UP TO 18.1 MILLION UNITS OF COMINAR.  Full Article

Cominar Announces Appointment Of Heather Kirk As CFO
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Cominar REIT ::COMINAR ANNOUNCES APPOINTMENT OF HEATHER C. KIRK AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER.COMINAR REIT - APPOINTMENT OF HEATHER KIRK AS EXECUTIVE VICE-PRESIDENT AND CHIEF FINANCIAL OFFICER OF COMINAR EFFECTIVE DECEMBER 3, 2018..  Full Article

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​
Tuesday, 27 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
Wednesday, 23 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