From GlobeNewswire: 2025-03-18 17:14:00

Canadian Net Real Estate Investment Trust reported its Q4 2024 results with FFO of $3.25 million and rental income of $6.8 million, reflecting a decrease from Q4 2023. Net income attributable to unitholders was $1.8 million. For the 12-month period ended December 31, 2024, FFO was $12.36 million, with rental income of $26.1 million.

The REIT announced monthly cash distributions of $0.02875 per unit for April, May, and June 2025. The distributions represent $0.345 per unit on an annualized basis. The financial highlights for Q4 2024 and Q4 2023 show a decrease in FFO and NOI for 2024 compared to the previous year.

Canadian Net will host a webcast on March 19 to discuss the results. The REIT focuses on acquiring high-quality triple-net and management-free commercial real estate properties. Forward-looking statements caution readers about potential risks and uncertainties affecting actual results. The December 31, 2024 financial statements and management discussion can be viewed on SEDAR+.



Read more at GlobeNewswire:: Canadian Net REIT Announces 2024 Fourth-Quarter Results