Skyline Commercial REIT just announced a 5% increase in the value of its Unit Price from $10.00 to $10.50 per Unit.
Made effective February 5th, 2016, these changes reflect the strong 2015 operational performance of Skyline Commercial REIT, its solid forecast for 2016, and the current market value of the portfolio.
Skyline Commercial REIT’s distribution per Unit will remain at $0.90.
The valuation process for the private Commercial REIT’s Unit Value began with an evaluation of the REIT’s portfolio of assets. Next, the value of the outstanding debt (mortgages) was subtracted—leaving the total equity of the REIT. Lastly, the total equity was divided by the number of outstanding Units (currently held by Unitholders). The new unit value is a direct reflection of the actual value of the real estate.
For more information about how Skyline’s REIT Unit Values are calculated, and about these private investments in general, please see our FAQ page.
Launched in January 2012, Skyline Commercial REIT currently comprises 70 properties in 20 communities across Ontario and Quebec, with nearly 5 million square feet of commercial space. The REIT focuses on industrial commercial properties located along major highways and transportation routes, where businesses want to be.
Skyline Commercial REIT is currently providing an 8.6% annual yield.
About Skyline Commercial REIT
Skyline Commercial REIT (the “REIT”) is a privately owned and managed portfolio of commercial properties, focused on acquiring industrial and logistics-centred properties along major highway corridors and transportation routes in Canada.
Skyline Commercial REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth Management”), the exclusive Exempt Market Dealer for the REIT.
Skyline Commercial REIT is committed to providing outstanding places to do business and superior service to its tenants, while surfacing value with a goal to deliver stable returns to its investors.
To learn about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealth.ca.
Skyline Commercial REIT is operated and managed by Skyline Group Of Companies.
For media inquiries, please contact:Jeff Stirling
Vice President, Corporate Marketing & Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8