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May 13, 2025
Parkit to Sell Winnipeg Industrial Asset Portfolio in Return for an Investment in PROREIT
Parkit Enterprise Inc. (“Parkit” or the “Company”) (TSXV: PKT), has agreed to sell a portfolio of six industrial buildings and properties located in Winnipeg, Manitoba (the “Properties”) to PRO REIT Limited Partnership (“PROREIT LP”), as purchaser, for aggregate proceeds of $96,500,000, subject to customary adjustments (the “Transaction”). Approximately $40 million of the proceeds will be...
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May 8, 2025
Parkit Enterprise Reports Q1 2025 Results
Parkit Enterprise Inc. (“Parkit” or the “Company”) (TSXV: PKT), today reported the Company’s first quarter 2025 results. Steven Scott, Chair of Parkit, commented: “Parkit started the year with an acquisition of a new property in Boisbriand, Quebec and continued its strong financial performance. We grew our net rental income and margins in Q1 2025, resulting...
March 20, 2025
Parkit Announces Normal Course Issuer Bid
Toronto, Ontario–(Newsfile Corp. – March 20, 2025) – PARKIT ENTERPRISE INC. (TSXV: PKT) (“Parkit” or the “Corporation“) is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange to renew its Normal Course Issuer Bid (“NCIB“) to purchase for cancellation, during the 12-month period starting March 28, 2025, up to 11,088,361 of the...
March 6, 2025
Parkit Enterprise Reports Fiscal 2024 Annual Results; Highlighting Acquisitions; Provides 2025 Outlook
Parkit Enterprise Inc. (“Parkit” or the “Company”) (TSXV: PKT), today reported the Company’s full year 2024 audited results. Steven Scott, Chair of Parkit, commented: “Parkit continued to grow its net rental income and margins in 2024, resulting in a Stabilized Comparative Properties NOI increase of 17% for the year. During the year, we signed new...
February 6, 2025
Parkit Completes Acquisition of Industrial Asset in Quebec
Parkit Enterprise Inc. (“Parkit”) (TSXV: PKT), is pleased to announce it has completed the acquisition of one industrial asset from a non-arms length vendor (the “Vendor”), for an aggregate purchase price of $10,250,000 (the “Purchase Price”), subject to customary adjustments (the “Acquisition”). 1650 Blvd Lionel Bertrand, Boisbriand, Quebec The Acquisition consists of an industrial building...
December 30, 2024
Parkit Announces Grant of Options
Parkit Enterprise Inc. (“Parkit”) (TSXV: PKT) announced today that certain directors, officers, employees and consultants have been issued an aggregate of 1,588,500 options pursuant to Parkit’s option plan, with each such option being exercisable into one common share at an exercise price of $0.60 at any time on or before the tenth anniversary of its...
December 19, 2024
Parkit Completes Acquisition of Industrial Asset in Ottawa
Parkit Enterprise Inc. (“Parkit”) (TSXV: PKT), is pleased to announce it has completed the acquisition of one industrial asset from an arm’s length vendor (the “Vendor”), for an aggregate purchase price of $9,500,000, subject to customary adjustments (the “Acquisition”). 1650 Comstock Rd, Ottawa, Ontario The Acquisition consisted of 1650 Comstock Rd, Ottawa, Ontario (the “Property”)....
November 7, 2024
Parkit Enterprise Reports Q3 2024 Results
Parkit Enterprise Inc. (“Parkit” or the “Company”) (TSXV: PKT), is pleased to report its third quarter 2024 results. Steven Scott, Chair of Parkit, commented: “Parkit continued to grow its net rental income and margins in Q3 2024, resulting in a same property NOI increase of 16% for the quarter. We renewed 70,000 square feet of...
August 9, 2024
Parkit Enterprise Reports Q2 2024 Results
Parkit Enterprise Inc. (“Parkit” or the “Company”) (TSXV: PKT), is pleased to report its second quarter 2024 results. Steven Scott, Chair of Parkit, commented: “Parkit closed its previously announced acquisition in Winnipeg, MB and continued to grow its net rental income and margins in Q2 2024, resulting in a same property NOI increase of 16%...
May 7, 2024
Parkit Enterprise Reports Q1 2024 Results
Parkit Enterprise Inc. (“Parkit” or the “Company”) (TSXV: PKT), today reported the Company’s first quarter 2024 results. Steve Scott, Chair of Parkit, commented: “Parkit continued to improve its net rental income and margins through successful negotiations with existing and new tenants and by integrating the $100 million of assets purchased last year. Subsequent to Q1,...
April 3, 2024
Parkit Completes Acquisition of Industrial Asset in Winnipeg
Parkit Enterprise Inc. (“Parkit” or the “Company”) (TSXV: PKT), is pleased to announce that, further to its November 15, 2023 news release, it has completed the acquisition of one industrial asset from a vendor (“Vendor”) for an aggregate purchase price of $6,300,000, subject to customary adjustments (the “Acquisition”). 961-975 Sherwin Rd, Winnipeg, Manitoba The...
March 25, 2024
Parkit Announces Normal Course Issuer Bid
PARKIT ENTERPRISE INC. (“Parkit” or the “Corporation”) (PKT-TSX-V) is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange to renew its Normal Course Issuer Bid (“NCIB”) to purchase for cancellation, during the 12-month period starting March 28, 2024, up to 11,394,158 of the outstanding common shares of the Corporation (the...
March 7, 2024
Parkit Enterprise Reports Fiscal 2023 Annual Results; Highlighting Acquisitions; Provides 2024 Outlook
Parkit Enterprise Inc. (“Parkit” or the “Company”) (TSXV: PKT), today reported the Company’s full year 2023 audited results. Steve Scott, Chair of Parkit, commented: “Parkit continued to improve its net rental income and margins by integrating the $100 million of assets purchased this year and through successful negotiations with existing and new tenants. With 97%...