Marwest Apartment Real Estate Investment Trust V.MAR.UN

Real Estate REIT - Residential

Marwest Apartment Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT is formed to provide unitholders with the opportunity to invest in the Canadian multi-family rental sector through the ownership of income-producing properties, with an initial focus on stable markets throughout Western Canada. The REIT properties include Element, Prairie View Pointe, Brio Brownstones and Kenwood Court. Element Townhomes include 112 multi-family units in Transcona. Element offers a resident clubhouse and is in close proximity to numerous shopping, dining and entertainment options within the neighborhood. Prairie View Pointe is located in North Winnipeg, with immediate access to the Perimeter Highway. Kenwood Court is located on the desirable South St. Vital neighborhood. Kenwood Court is surrounded by comfort, greenery, and riverside walkways. Brio Brownstones property includes approximately 148 units and luxurious clubhouse.

TSXV:MAR.UN - Post by User

Marwest Apartment Real Estate Investment Trust

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Post by Stevesackon Jun 17, 2024 11:02am

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Post# 36092050

DIVIDEND INCREASES

The company has decided to raise its monthly distribution for the second time in a year or so which is very telling on how good the financial health of this company is. They could have raised it more, possibly to 2 cents per year because they have had consistent surplus quarterly earnings year over year. Keeping the increases at conservative levels is an indicator that there is an acquisition in the works. The timing couldn't be better as the rental rates in the Winnipeg area have increased about 20% this past year.

LONG AND STRONG

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