Dundee REIT has announced it will invest $140-million in office buildings in Toronto and Ottawa.
The trust made the announcement Wednesday while reporting third quarter funds from operation of $16.2 million, or 54 cents per unit, compared to $15.8 million, or 50 per cent per unit in the same quarter last year. Funds from operators measure profitability.
“We continue to work closely with existing and prospective tenants, and are pleased to see our efforts rewarded not only with an increase in occupancy levels in the third quarter but also increases in rent,” president Michael Knowlton was quoted in the Globe and Mail.
For more details, check out the Globe story via the link below.
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