CT REIT Reports Q3 2026 Results and New Investment Activity
CT REIT completed a $14 million internal sale of a Canadian Tire store in Victoria and announced a Kelowna redevelopment with an estimated completion cost of $22 million. The investments are expected to generate an initial yield of 8.45% and add about 122,300 square feet of gross leasable area. A previously announced $11 million project adding 51,000 square feet was also completed.
CT REIT released its consolidated financial results for the third quarter ended September 30, 2026. During the quarter, the company completed an internal sale of a Canadian Tire store in Victoria, British Columbia, for $14 million. Additionally, the REIT announced a new redevelopment project in Kelowna, British Columbia, with an estimated completion cost of $22 million. These new investments are expected to generate an initial yield of 8.45% and add approximately 122,300 square feet of gross leasable area to the portfolio.
The company also reported the completion of a previously announced $11 million project that added 51,000 square feet of gross leasable area.