CANADIAN NET REAL ESTATE INVESTMENT TRUST

(NET.UN)
  Report
Delayed Bourse de Toronto  -  01:33 2022-07-04 pm EDT
6.750 CAD   -0.74%
05/27Canadian Net REIT Announces Voting Results From the 2022 Annual Meeting of Unitholders and the Grant of Performance Units
GL
05/26Canadian Net REIT Q1 Adjusted FFO Per Unit $0.144 Vs $0.128 Year Ago; Details Q3 Monthly Distributions
MT
05/25Canadian Net Real Estate Investment Trust Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Canadian Net REIT Announces Voting Results From the 2022 Annual Meeting of Unitholders and the Grant of Performance Units

05/27/2022 | 12:06pm EDT

MONTREAL, May 27, 2022 (GLOBE NEWSWIRE) -- (TSX-V: NET.UN) Canadian Net Real Estate Investment Trust (“Canadian Net” or the “Trust”) announces the voting results from its annual meeting of unitholders held on May 25 in a virtual format and the grant of performance units to members of management as per the equity incentive plan of the Trust (the “Equity Incentive Plan”).

VOTES
A total of 37.65% of the issued and outstanding voting units of the Trust were represented at the meeting.

Unitholders of the Trust voted for the re-election of Canadian Net’s seven trustees, for the appointment of MNP LLP as auditors of the Trust, and for the Equity Incentive Plan of the Trust. The votes were as follows:

Voting itemVotes for% Votes forVotes against% Votes againstVotes Withheld% Votes Withheld
Michael Zakuta7,357,32295.37%--357,3954.63%
Guy Laframboise7,670,49299.43%--44,2250.57%
François-Olivier Laplante7,697,69299.78%--17,0250.22%
Guy Dancosse6,344,55482.24%--1,370,16317.76%
Katia Marquier7,709,69299.93%--5,0250.07%
Michel Trudeau7,364,44095.46%--350,2774.54%
Jason Parravano7,685,49299.62%--29,2250.38%
MNP LLP7,374,94795.60%--339,7704.40%
Equity Incentive Plan7,086,48491.86%628,2338.14%--

GRANT OF PERFORMANCE UNITS
Canadian Net also announces the grant of 120,965 performance units (“Performance Units”) to certain members of management under the Equity Incentive Plan approved by unitholders on May 25, 2022. These units will vest in accordance with the criteria set forth in the Equity Incentive Plan and the achievement of performance targets, set by the board of trustees.

About Canadian Net – Canadian Net Real Estate Investment Trust is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties.

Forward-Looking Statements - This press release contains forward-looking statements and information as defined by applicable securities laws. Canadian Net warns the reader that actual events may differ materially from current expectations due to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such statements. Among these include the risks related to economic conditions, the risks associated with the local real estate market, the dependence to the financial condition of tenants, the uncertainties related to real estate activities, the changes in interest rates, the availability of financing in the form of debt or equity, the effects related to the adoption of new IFRS standards, as well as other risks and factors described from time to time in the documents filed by Canadian Net with securities regulators, including the management report. Canadian Net does not update or modify its forward-looking statements even if future events occur or for any other reason, unless required by law or any regulatory authority.

Neither the TSX Venture Exchange Inc., nor its Regulatory Services Provider (as that term is defined in the Policy of the TSX Venture Exchange and its Regulatory Services Provider) accepts any responsibility for the adequacy or accuracy of this release.

For further information please contact Jason Parravano at (450) 536-5328.


Primary Logo


© GlobeNewswire 2022
All news about CANADIAN NET REAL ESTATE INVESTMENT TRUST
05/27Canadian Net REIT Announces Voting Results From the 2022 Annual Meeting of Unitholders ..
GL
05/26Canadian Net REIT Q1 Adjusted FFO Per Unit $0.144 Vs $0.128 Year Ago; Details Q3 Monthl..
MT
05/25Canadian Net Real Estate Investment Trust Reports Earnings Results for the First Quarte..
CI
05/25Canadian Net REIT Announces Its Results for the Quarter Ended March 31, 2022, and Q3 20..
GL
05/25Canadian Net Real Estate Investment Trust Announces Monthly Distributions, Payable on J..
CI
05/25TRANSCRIPT : Canadian Net Real Estate Investment Trust - Shareholder/Analyst Call
CI
05/25Canadian Net REIT Buys Four Properties in Nova Scotia and Quebec for $18.8 Million
MT
05/24Canadian Net REIT Announces the Acquisition of Four Properties in Nova Scotia and Quebe..
GL
05/24Canadian Net REIT Announces the Acquisition of Four Properties in Nova Scotia and Quebe..
CI
05/24CANADIAN NET REAL ESTATE INVESTMENT : NET.UN) acquired Three properties in Québec.
CI
More news
Financials
Sales 2022 25,4 M 19,7 M 19,7 M
Net income 2022 - - -
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 5,04%
Capitalization 139 M 108 M 108 M
Capi. / Sales 2022 5,48x
Capi. / Sales 2023 4,68x
Nbr of Employees -
Free-Float 86,5%
Chart CANADIAN NET REAL ESTATE INVESTMENT TRUST
Duration : Period :
Canadian Net Real Estate Investment Trust Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 6,75 CAD
Average target price 9,30 CAD
Spread / Average Target 37,8%
Managers and Directors
Jason Parravano President, Chief Executive Officer & Trustee
Ben Gazith Chief Financial Officer
Michel Claude Trudeau Chairman
Kevin Henley Chief Investment Officer
Michael Aaron Zakuta Independent Trustee
Sector and Competitors