CT REIT Completes $14 Million Canadian Tire Store Vend-In
CT REIT completed the vend-in of a Canadian Tire store in Victoria from its parent, Canadian Tire Corporation. The quarter also included a new $22 million Kelowna redevelopment and completion of an $11 million Saskatoon expansion adding approximately 51,000 square feet; the investments are expected to generate a combined 8.45% going-in yield.
CT Real Estate Investment Trust (CT REIT) reported its third-quarter 2026 financial results, which included the completion of a $14 million vend-in of a Canadian Tire store located in Victoria, British Columbia, from its parent entity, Canadian Tire Corporation, Limited. This transaction was part of the REIT's broader investment activity for the quarter. Additionally, CT REIT announced a new $22 million redevelopment project in Kelowna, British Columbia, and noted the completion of an $11 million expansion project in Saskatoon, Saskatchewan, which added approximately 51,000 square feet of gross leasable area.
These investments are expected to generate a combined going-in yield of 8.45%.