Blackstone Real Estate Income Trust Completes Acquisition of WPT Industrial Real Estate Investment Trust TORONTO and NEW YORK, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Blackstone Real Estate Income Trust, Inc. (“BREIT”) announced that an affiliate has completed its acquisition of WPT Industrial Real Estate Investment Trust (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) (“WPT”) in a series of transactions that resulted in unitholders receiving US$22.00 per outstanding unit of WPT (collectively, “Units”) (subject to applicable withholdings) in an all-cash transaction valued at US$3.2 billion, including the a...
WPT Industrial Real Estate Investment Trust Receives Court Approval for Arrangement with Blackstone Real Estate Income Trust TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN - OTCQX: WPTIF) is pleased to announce that the Supreme Court of British Columbia has issued a final order approving its previously announced plan of arrangement pursuant to which an affiliate of Blackstone Real Estate Income Trust, Inc. will acquire all of the outstanding trust units of the REIT (each, a “Unit”) through a series of transactions th...
WPT Industrial Real Estate Investment Trust Announces 99.37% of Votes Cast by Shareholders Voted in Favour of Arrangement With Blackstone Real Estate Income Trust TORONTO, Oct. 07, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN - OTCQX: WPTIF) is pleased to announce that at its special meeting (“Meeting”) of unitholders of the REIT (“Unitholders”) held today, Unitholders voted to approve the previously announced plan of arrangement (the “Arrangement”) pursuant to which an affiliate of Blackstone Real Estate Income Trust, Inc. will acq...
WPT Industrial Real Estate Investment Trust Announces Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Unitholders Vote FOR the Proposed Transaction with Blackstone Real Estate Income Trust TORONTO, Sept. 23, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN - OTCQX: WPTIF) is pleased to announce that both Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis and Co., LLC (“Glass Lewis”) have recommended that unitholders of the REIT (the “Unitholders”) vote FOR the special resolution (the “Arrangement Reso...
WPT Industrial Real Estate Investment Trust Mails Circular for Special Meeting of Unitholders and Announces Receipt of Interim Court Order for Plan of Arrangement TORONTO, Sept. 10, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN - OTCQX: WPTIF) today announced the mailing of its management information circular (the “Circular”) and related materials for the special meeting (the “Meeting”) of the REIT’s unitholders (the “Unitholders”) to consider the previously announced plan of arrangement (the “Arrangement”) pursuant to which an affil...
WPT Industrial REIT Announces Second Quarter 2021 Results TORONTO, Aug. 11, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN; OTCQX: WPTIF) announced today its results for the three and six months ended June 30, 2021. All dollar amounts are stated in U.S. funds. Highlights for the three months ended June 30, 2021: FFO per Unit and AFFO per Unit increased 17.5% and 28.8% over the same period last yearGenerated $1.2 million of private capital fee revenueCollected 99.8% of billed rent for the quarterSame properties NOI increased 3.5%Cont...
WPT Industrial Real Estate Investment Trust to Be Acquired by Blackstone Real Estate Income Trust in US$3.1 Billion Transaction TORONTO and NEW YORK, Aug. 09, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) (“WPT”) and Blackstone Real Estate Income Trust, Inc. (“BREIT”) announced today that WPT has entered into an arrangement agreement (the “Arrangement Agreement”) under which BREIT will acquire all of the outstanding units of WPT (each, a "Unit") through a series of transactions that will result in unitholders receiving US$22.00 pe...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
WPT Industrial Real Estate Investment Trust Announces July 2021 Distribution TORONTO, July 19, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) announced today that its Board of Trustees has declared a cash distribution for the month of July 2021 of US$0.0633 per unit. The distribution will be payable on August 16, 2021 to unitholders of record as of the close of business on July 30, 2021. Distributions paid to Canadian unitholders (and other non-U.S. unitholders) generally will be subject to U.S. withholding tax. For a...
WPT Industrial REIT Announces Timing Of Second Quarter 2021 Results & Conference Call TORONTO, July 12, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U, WIR.UN - OTCQX: WPTIF) will issue its results for the quarter ended June 30, 2021 on the afternoon of Wednesday, August 11, 2021. A conference call hosted by the REIT’s management team will be held on Thursday, August 12, 2021 at 10:00 am Eastern Time. The telephone numbers to participate in the conference call are: Canada Toll Free: (855) 669-9657U.S. Toll Free: (888) 249-8268International:...
WPT Industrial Real Estate Investment Trust Announces Results of Voting for Trustees and Amendments to its Declaration of Trust at Annual and Special Meeting of Unitholders This news release constitutes a “designated news release” for the purposes of the REIT’s prospectus supplement dated September 4, 2020 to its short form base shelf prospectus dated December 5, 2019 TORONTO, June 28, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN - OTCQX: WPTIF) announced today the results of voting for trustees and resolutions in respect of certa...
WPT Industrial Real Estate Investment Trust Announces June 2021 Distribution TORONTO, June 16, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) announced today that its Board of Trustees has declared a cash distribution for the month of June 2021 of US$0.0633 per unit. The distribution will be payable on July 15, 2021 to unitholders of record as of the close of business on June 30, 2021. Distributions paid to Canadian unitholders (and other non-U.S. unitholders) generally will be subject to U.S. withholding tax. For a g...
WPT Industrial Real Estate Investment Trust Announces May 2021 Distribution TORONTO, May 17, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) announced today that its Board of Trustees has declared a cash distribution for the month of May 2021 of US$0.0633 per unit. The distribution will be payable on June 15, 2021 to unitholders of record as of the close of business on May 31, 2021. Distributions paid to Canadian unitholders (and other non-U.S. unitholders) generally will be subject to U.S. withholding tax. For a g...
WPT Industrial REIT Announces First Quarter 2021 Results Expanded private capital partnership, reduced leverage, strong operating and cash flow results TORONTO, May 13, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN; OTCQX: WPTIF) announced today its results for the three months ended March 31, 2021. All dollar amounts are stated in U.S. funds. Highlights: Created a new joint venture, seeded with 13 stabilized investment properties with a value of approximately $370 millionGenerated $8.5 million of private cap...
WPT Industrial Real Estate Investment Trust Announces April 2021 Distribution TORONTO, April 21, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) announced today that its Board of Trustees has declared a cash distribution for the month of April 2021 of US$0.0633 per unit. The distribution will be payable on May 17, 2021 to unitholders of record as of the close of business on April 30, 2021. Distributions paid to Canadian unitholders (and other non-U.S. unitholders) generally will be subject to U.S. withholding tax. For ...
WPT Industrial REIT Announces Timing of First Quarter 2021 Results & Conference Call TORONTO, April 21, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U, WIR.UN - OTCQX: WPTIF) will issue its results for the quarter ended March 31, 2021 on the afternoon of Thursday, May 13, 2021. A conference call hosted by the REIT’s management team will be held on Friday, May 14, 2021 at 10:00 am Eastern Time. The telephone numbers to participate in the conference call are: Canada Toll Free: (855) 669-9657U.S. Toll Free: (888) 249-8268International: (41...
WPT Industrial REIT Appoints Ryan Doyle as Chief Investment Officer TORONTO, April 19, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN; OTCQX: WPTIF) today announced the promotion of Ryan Doyle to the newly created position of Chief Investment Officer. As Chief Investment Officer, Mr. Doyle will oversee the REIT’s investment team and all development, acquisition, and disposition transactions. Mr. Doyle will continue to report to the REIT’s Chief Executive Officer, Scott Frederiksen. Mr. Doyle is a 20-year veteran of the REIT and its ...
WPT Industrial REIT Contributes $370 Million Portfolio to New Joint Venture The transaction reduces leverage, accelerates recurring fee income, and expands a key institutional partnership TORONTO, March 29, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN; OTCQX: WPTIF) announced today that it will contribute a portfolio of 13 U.S. distribution and logistics properties (the "Portfolio") with a value of approximately $370 million into a newly established joint venture with the Investment Management Corporation of Ontario (the “Joint Ven...
WPT Industrial Real Estate Investment Trust Announces March 2021 Distribution TORONTO, March 22, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) announced today that its Board of Trustees has declared a cash distribution for the month of March 2021 of US$0.0633 per unit. The distribution will be payable on April 15, 2021 to unitholders of record as of the close of business on March 31, 2021. Distributions paid to Canadian unitholders (and other non-U.S. unitholders) generally will be subject to U.S. withholding tax. Fo...
WPT Industrial REIT Announces Fourth Quarter 2020 Results TORONTO, March 10, 2021 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN; OTCQX: WPTIF) announced today its results for the three months and year ended December 31, 2020. All dollar amounts are stated in U.S. funds. Highlights: Collected 99.8% of billed rent for the quarter, continuing the REIT’s record of strong rent collectionsFFO/unit increased 17.6% and AFFO/unit increased 25.4% over the same period last yearSame properties NOI(1) increased 3.1%Occupancy of 98.2%Generated $1...
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