Canadian Net Real Estate Investment Trust (“Canadian Net” or the “REIT”) reported a 9% year-to-date increase in Normalized FFO per unit for Q3 2025. Rental income was $6.9 million, with NOI reaching $5.0 million, reflecting an increase in rental income due to property acquisitions. The REIT generated a net income of $2.9 million in Q3 2025.

For the 9-month period ended September 30, 2025, Canadian Net reported FFO of $10.2 million, an increase of 12% from the same period in 2024. Rental income was $20.7 million, with NOI reaching $15.1 million, mainly due to an increase in rental income from property acquisitions. The REIT generated a net income of $11.7 million.

The increase in Normalized FFO was driven by higher rental income from property acquisitions and lower interest charges. The increase in NOI was mainly due to the increase in rental income from property acquisitions. The variance in net income was primarily due to the change in the fair value of investment properties.

Canadian Net announced monthly cash distributions of $0.02917 per unit for January, February, and March 2026. This represents $0.35 per unit on an annualized basis. The REIT remains committed to evaluating potential accretive acquisition opportunities and building on its portfolio strengths.

Canadian Net will host a webcast on November 19th to discuss the results. The Trust’s consolidated financial statements are prepared in accordance with IFRS, with certain non-IFRS financial measures disclosed and discussed. These measures, including FFO, NOI, and Adjusted EBITDA, provide insight into Canadian Net’s underlying operating performance and debt management.

Read more at GlobeNewswire: Canadian Net REIT Announces 2025 Third-Quarter Results