PRO REIT says H1 2026 NOI rises 7.3% on higher industrial rents, lease renewals

Reuters2026/08/12 21:28

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For the quarter and six months ended June 30, 2026, net operating income rose 6.5% to CAD 16.45 million, up 7.3% to CAD 32.53 million.
Management tied NOI growth to higher contractual rents, stronger renewal and new-lease pricing, and portfolio expansion to 122 properties.
Same-property NOI increased 3.3% for the quarter, despite vacancies in Saint-Hyacinthe, Quebec, and Woodstock, Ontario; portfolio occupancy was 95%.
The trust closed CAD 149.1 million of industrial acquisitions during the quarter, funded by CAD 107.3 million of equity and new secured borrowings.
Leverage stood at 47.4% of total assets, down from 50.6% a year earlier; weighted-average mortgage interest rate was 4.1%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PRO Real Estate Investment Trust published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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PRO REIT says H1 2026 NOI rises 7.3% on higher industrial rents, lease renewals

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