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2025 News

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...

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...