reports
Parkit Enterprise Reports 2022 Q3 Results
Parkit Enterprise Reports 2022 Q3 Results TORONTO, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Parkit Enterprise Inc. (“Parkit” or the “Corporation”) (TSXV: PKT), today reported the Corporation’s third quarter 2022 results. Steve Scott, Chair of Parkit, commented: “To date, Parkit continues its leasing momentum with significant renewals and maintains its focus on operations with improving margins. The Company continues to build the foundation for growth by executing on operations and staying disciplined on acquisitions. Looking ahead, we expect to increase our revenue, net rental income and FFO,...
Parkit Enterprise Announces AGSM Results
Parkit Enterprise Announces AGSM Results TORONTO, June 21, 2022 (GLOBE NEWSWIRE) -- Parkit Enterprise Inc. (“Parkit” or the “Corporation”) (TSXV: PKT), is pleased to announce that all matters set forth in the management proxy and information circular dated May 16, 2022, setting the number of directors to be elected at the meeting at six, the election of the Board of Directors, the appointment of RSM Canada LLP as auditor of the Corporation, and the approval of the amended stock option plan of the Corporation, were approved by the shareholders of Parkit at Parkit's annual general and speci...
Parkit completes acquisition of Two Industrial Assets for $17,000,000;...
Parkit completes acquisition of Two Industrial Assets for $17,000,000; Leasing Update and Change in Auditor TORONTO, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Parkit Enterprise Inc. (“Parkit” or the “Company”) (TSXV: PKT), is pleased to announce that, further to its January 4th, 2022 news release, it has completed the acquisition of two industrial assets from two vendor groups (collectively, the “Vendors”) for an aggregate purchase price of $17,000,000, subject to customary adjustments (the “Acquisitions”). Both Acquisitions are arm’s length. Acquisition of 568 Second Street, London, ON and 1665...
Parkit to Acquire $13,250,000 Ottawa Property
Parkit to Acquire $13,250,000 Ottawa Property TORONTO, Aug. 25, 2021 (GLOBE NEWSWIRE) -- PARKIT ENTERPRISE INC. (“Parkit”) (PKT-TSXV) is pleased to announce that it has agreed to acquire a class A industrial property in Ottawa. Acquisition of Ottawa Property Parkit has entered into an asset purchase agreement, with an arms length vendor (the “Vendor”), pursuant to which Parkit has agreed to acquire a property in Ottawa, Ontario (the “Property”) for an aggregate purchase price of $13,250,000, subject to customary adjustments (the “Acquisition”). It is anticipated that the Acquisition will...
Parkit Announces Acquisition of Neighbouring Industrial Property in To...
Parkit Announces Acquisition of Neighbouring Industrial Property in Toronto, Ontario for $3.6 Million and Completion of Continuance to Ontario TORONTO, Aug. 12, 2021 (GLOBE NEWSWIRE) -- Parkit Enterprise Inc. (“Parkit” or the “Company”) (TSXV:PKT), is pleased to announce the proposed purchase of a neighbouring industrial real estate asset and that it has filed its articles of continuance to continue Parkit out of the Province of British Columbia and into the Province of Ontario under the provisions of the Business Corporations Act (Ontario) (the “Continuance”). Industrial Real Estate Acq...
Parkit Enterprise Reports First Quarter 2021 Financial Results
Toronto, Ontario--(Newsfile Corp. - May 26, 2021) - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company"), an industrial real estate growth vehicle and parking platform, is pleased to highlight recent business activity and provides its financial results for the first quarter ended March 31, 2021."We continue to execute on our transition to an industrial real estate platform as demonstrated by our acquisitions and the performance of our investment properties," said Steven Scott, Chair of the Board.Recent Business Highlights Completed acquisition of two additional industria...
Parkit Enterprise Reports Two-Month Transitional Fiscal 2020 Results
Toronto, Ontario--(Newsfile Corp. - March 31, 2021) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit", "Company" or the "Corporation"), an industrial real estate growth vehicle and parking platform, is pleased to report the audited financial results for the two-month transitional fiscal year from November 1, 2020 to December 31, 2020 with a comparative to the audited financial statements for the twelve months ended October 31, 2020. The two-month transitional period resulted from the Company's previously announced change of its fiscal year-end to December 31 from October 31.Two-Month Audited Tra...
Parkit Completes $40.3 Million Bought Deal Private Placement Financing...
Toronto, Ontario--(Newsfile Corp. - March 18, 2021) - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company"), is pleased to announce that it has closed its previously announced (see press releases dated March 1, 2021) bought deal private placement (the "Bought Deal Offering") and the concurrent non-brokered private placement (the "Non-Brokered Offering" and together with the Bought Deal Offering, the "Offerings") of an aggregate of 27,507,332 common shares of the Company ("Common Shares") at a price of $1.50 per Common Share. The Bought Deal Offering consisted of 26,841,00...
Parkit Completes Acquisition of 5610 Finch Ave East
Toronto, Ontario--(Newsfile Corp. - March 15, 2021) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce that it has completed the previously announced acquisition of 5610 Finch Ave East (the "Property"), for an aggregate purchase price of $12,250,000 plus customary closing costs. The purchase was funded with cash on hand. Property and ExpansionThe Property complements Parkit's existing platform as it neighbors the Company's 5600 Finch Ave East property. Parkit now owns the adjacent Class A industrial property totaling 54,853 square feet of ren...
Parkit Announces $28.5 Million Industrial Real Estate Acquisition
Toronto, Ontario--(Newsfile Corp. - March 11, 2021) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce that it has agreed to acquire a property located in Ottawa, Ontario (the "Property") for an aggregate purchase price of $28,500,000, subject to customary adjustments (the "Proposed Acquisition"). The vendor of the Property, Access Self Storage Inc. (the "Vendor"), is a related party to Parkit and the Proposed Acquisition constitutes a non-arm's length transaction. It is anticipated that the Proposed Acquisition will be completed on March 18,...
Parkit Enterprise Reports Fiscal 2020 Annual Results; Embarks into Ind...
Toronto, Ontario--(Newsfile Corp. - February 26, 2021) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit", "Company" or the "Corporation"), an industrial real estate growth vehicle and parking platform, is pleased to report its fourth quarter and fiscal financial results for the year ended October 31, 2020.Steven Scott, Chairman, commented: "Parkit continues its transition into an industrial real estate growth vehicle with the purchase of 5600 Finch Ave East and 4390 Paletta Court, and 5610 Finch Ave East scheduled to close in March 2021. In addition, our recent $94 million bought deal and non-br...
Parkit: Correction to News Release Dated February 17, 2021
Toronto, Ontario--(Newsfile Corp. - February 17, 2021) - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company"), announces that the original news release captioned "Parkit Completes $69 Million Bought Deal Private Placement Financing and $15 Million Concurrent Non-Brokered Private Placement" published on February 17, 2021 referred, incorrectly, to Mr David Delaney having control of Delaney Capital Management Ltd. Mr. Delaney has no control over Delaney Capital Management Ltd. The number of shares of Parkit over which Mr. Delaney has control as referenced in the original n...
Parkit Completes $69 Million Bought Deal Private Placement Financing a...
Toronto, Ontario--(Newsfile Corp. - February 17, 2021) - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce that it has closed its previously announced (see press releases dated January 26, 2021) bought deal private placement (the "Bought Deal Offering") and the concurrent non-brokered private placement (the "Non-Brokered Offering" and together with the Bought Deal Offering, the "Offerings") of an aggregate of 88,421,058 common shares of the Company ("Common Shares") at a price of $0.95 per Common Share. The Bought Deal Offering consisted of 72,...
Parkit Enterprise Announces Purchase of 5610 Finch Ave East
Toronto, Ontario--(Newsfile Corp. - January 25, 2021) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce that it has entered into an asset purchase agreement (the "Purchase Agreement"), with a private company (the "Vendor"), pursuant to which Parkit has agreed to purchase one property, located at 5610 Finch Ave East, Toronto, Ontario (the "Property"), for an aggregate purchase price of $12,250,000, subject to customary adjustments (the "Proposed Acquisition"). It is anticipated that the Proposed Acquisition will be financed through existing c...
Parkit Enterprise Completes $36.25MM Industrial Real Estate Acquisitio...
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2020) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit") is pleased to announce that it has completed its previously announced (see press release dated November 24, 2020) acquisition of two industrial properties, one located at 5600 Finch Ave East, Toronto, Ontario and the other at 4390 Paletta Court, Burlington, Ontario (the "Properties"), for an aggregate purchase price of $36,250,000. Concurrent with the closing of the acquisitions, Parkit also completed its previously announced $10,000,000 private placement of common s...
Parkit Enterprise Announces Sale of Riccio Lot
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2020) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") today announced that the Riccio parking lot in Connecticut, USA, which was held within the OP Holdings Joint Venture, has been disposed of at a price of USD $4,550,000. Parkit's share of the proceeds is approximately USD $2,000,000 with such funds remaining in the joint venture. About PARKITParkit Enterprise Inc. is engaged in the acquisition, optimization and asset management of income producing parking facilities and industrial real estate across t...
Parkit Enterprise Announces Proposed $36.25MM Industrial Real Estate A...
Toronto, Ontario--(Newsfile Corp. - November 24, 2020) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC Pink: PKTEF) ("Parkit") has entered into an asset purchase agreement dated November 24, 2020 (the "Purchase Agreement"), with two private companies (collectively, referred to as the "Vendors"), pursuant to which Parkit has agreed to purchase two properties, located at 5600 Finch Ave East, Toronto, Ontario and 4390 Paletta Court, Burlington, Ontario (the "Properties"), for an aggregate purchase price of $36,250,000, subject to customary adjustments (the "Proposed Acquisition"). The Vendors are not r...
Parkit Enterprise Releases Q2 2020 Results
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2020) - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") has recently filed its interim financial statements and management discussion and analysis for the quarter ended April 30, 2020 ("Q2 2020") on SEDAR (). The financial highlights for the period include the following:Loss of $322,927 from joint venture for the quarter.Net loss of $374,383 for the quarter, representing a $0.01 loss per share. Reduced general and administrative expenses to $191,345, representing a 36% reduction versus the comparative period i...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.