Important Announcement: Skyline Apartment REIT Increases Unit Price
February 5, 2016 - Press Release
The Skyline Apartment REIT just announced a 5.5% increase in the value of its Unit Price from $13.50 to $14.25 per Unit.
Made effective February 5th, 2016, these changes reflect the strong 2015 operational performance of the Skyline Apartment REIT, its solid forecast for 2016, and the current market value of the portfolio.
The Skyline Apartment REIT’s distribution per Unit will remain at $1.00.
The valuation process for the private Apartment 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 June 2006, the Skyline Apartment REIT currently comprises 172 properties in 47 communities across Canada, with over 15,000 apartment suites. The REIT focuses on income-producing residential properties in Canada’s secondary and tertiary markets.
Skyline Apartment REIT is currently providing a 7% annual yield.
About Skyline Apartment REIT
Skyline Apartment REIT (the “REIT”) is a privately owned and managed portfolio of primarily multi-residential properties, focused on acquiring both established and newly developed properties in secondary and tertiary communities across Canada.
Skyline Apartment 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 Apartment REIT is committed to providing best in class apartment suites and service to its residential tenants, while surfacing value with a goal to deliver stable returns to its investors.
To learn more about Skyline Apartment REIT, please visit SkylineApartmentREIT.ca.
To learn more about Skyline Apartment REIT and other alternative investment products offered through Skyline Wealth Management, please visit SkylineWealth.ca.
Skyline Apartment REIT is operated and managed by Skyline Group of Companies.
For media inquiries, please contact:
Cindy BeverlyVice President, Marketing & Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x602
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