Sun Residential REIT Unitholders Overwhelmingly Approve Plan to Sell Its Properties and to Wind-Up and Terminate
Toronto, Ontario--(Newsfile Corp. - May 28, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) ("Sun") announces that, at the annual and special meeting of holders of trust units of Sun held earlier today, the two special resolutions were passed by unitholders.The first resolution was regarding the previously announced sale of Sun's interests in its two properties, being substantially all of Sun's assets. It was approved by 99.94% of the units voted at the meeting, and 99.93% of the units voted...
2025-05-28 4:45 PM EDT
Sun Residential REIT Reports Solid Results for First Quarter 2025
Toronto, Ontario--(Newsfile Corp. - April 29, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months ended March 31, 2025. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars. Revenue for the three months ended March 31, 2025, was $1,476,147, an increase of 1.9% compared with the same period in the prior year. Net income and comprehensive income for the three months ended March 31,...
2025-04-29 4:30 PM EDT
Sun Residential REIT Announces Plans to Sell Its Properties and to Wind-up and Terminate Sun Residential REIT
Toronto, Ontario--(Newsfile Corp. - April 1, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) ("Sun") announces today that it has entered into separate purchase agreements (the "Purchase Agreements") in connection with the sale of its interests in its two properties (the "Properties"), being a 51% interest in Evergreen at Southwood ("Evergreen at Southwood"), a "Class A" multi-family residential property located in Tallahassee, Florida comprising 12 buildings with 288 rental units, and 4815 Tudor Drive ("Tudor"), an 8-unit multi-family...
2025-04-01 12:42 PM EDT
Sun Residential REIT Announces First Quarter Cash Distribution
Toronto, Ontario--(Newsfile Corp. - February 6, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today announced its regular quarterly distribution of $0.00095 (0.095¢) per unit. This distribution will be paid March 31, 2025 to unitholders of record as of the close of business on March 13, 2025, and represents distributions at an annual rate of $0.0038 (0.38¢) per unit. At Sun's current unit price, this represents an annualized distribution at a rate of 6.3%. Amounts shown...
2025-02-06 8:00 AM EST
Sun Residential REIT Reports Very Good Results For 2024
Toronto, Ontario--(Newsfile Corp. - February 4, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months and year ended December 31, 2024. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars. Revenue for the three months ended December 31, 2024, was $1,502,537, an increase of 4.1% compared with the same period in the prior year. Net rental income was $77,364, an increase of 34.1%, and...
2025-02-04 4:40 PM EST
Sun Residential REIT Announces Fourth Quarter Cash Distribution
Toronto, Ontario--(Newsfile Corp. - November 7, 2024) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today announced its regular quarterly distribution of $0.00095 (0.095¢) per unit. This distribution will be paid December 31, 2024 to unitholders of record as of the close of business on December 13, 2024, and represents distributions at an annual rate of $0.0038 (0.38¢) per unit. At Sun's current unit price, this represents an annualized distribution at a rate of 8.4%. Amounts shown...
2024-11-07 8:30 AM EST
Sun Residential REIT Reports Solid Third Quarter Results
Toronto, Ontario--(Newsfile Corp. - November 5, 2024) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and nine months ended September 30, 2024. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars. Revenue for the three months ended September 30, 2024, was $1,487,858, an increase of 1.4% compared with the same period in the prior year. Net rental income was $1,020,253, an increase of 0.3%, and...
2024-11-05 4:35 PM EST
Sun Residential REIT Reports Second Quarter Results, and Declares Quarterly Distribution Payable September 27, 2024
Toronto, Ontario--(Newsfile Corp. - July 30, 2024) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and six months ended June 30, 2024. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars. Revenue for the three months ended June 30, 2024, was $1,438,752, a decrease of 2.5% compared with the same period in the prior year. Net rental income was $952,962, a decrease of 3.6%, and...
2024-07-30 4:45 PM EDT
Sun Residential REIT Reports Revenue up 3.8% from Previous Year, and Declares Quarterly Distribution Payable June 28, 2024
Toronto, Ontario--(Newsfile Corp. - April 30, 2024) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months ended March 31, 2024. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars.Revenue for the three months ended March 31, 2024, was $1,448,598, an increase of 3.8% compared with the same period in the prior year. Net rental income was $1,090,614, an increase of 10.5%, and net income and...
2024-04-30 4:40 PM EDT
Sun Residential REIT Reports Revenue up 5.9% from Previous Year, and Declares Quarterly Distribution Payable March 28, 2024
Toronto, Ontario--(Newsfile Corp. - February 6, 2024) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months and year ended December 31, 2023. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars.Revenue for the year ended December 31, 2023 was $5,780,485, an increase of 5.9% compared with the same period in the prior year. Net rental income was $3,050,656 (prior year - $3,000,721), and net loss...
2024-02-06 4:55 PM EST
Sun Residential REIT Delivers Solid Results, and Declares Q4 Distribution Payable December 29, 2023
Toronto, Ontario--(Newsfile Corp. - October 31, 2023) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and nine months ended September 30, 2023. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars.Revenue for the three months ended September 30, 2023, was $1,466,573, an increase of 4.5% compared with the same period in the prior year. Net rental income was $1,017,123, an increase of 10.2%, and net...
2023-10-31 4:50 PM EDT
Sun Residential REIT Continues Robust Results, Announces Investor Conference Call on August 2, and Declares Q3 Distribution Payable September 30, 2023
Toronto, Ontario--(Newsfile Corp. - August 1, 2023) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and six months ended June 30, 2023. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars.Revenue for the three months ended June 30, 2023 was $1,475,527 an increase of 8.9% compared with the same period in the prior year. Net rental income was $988,878, an increase of 3.5%, and net...
2023-08-01 5:03 PM EDT
Sun Residential REIT Acquisition of Distressed Multi-Family Property in Cape Coral, Florida
Toronto, Ontario--(Newsfile Corp. - June 16, 2023) - Sun Residential Real Estate Investment Trust (TSXV: SRES) has acquired 4815 Tudor Drive, a distressed multi-family property located in Cape Coral, Florida.Robert C. Wetenhall, Jr., CEO of Sun, stated that, "Our core business of owning high-quality stabilized assets, like Evergreen at Southwood in Tallahassee, Florida, is complemented by selectively pursuing value-add investment opportunities in the Sunbelt with the potential to generate attractive yields and incremental cash flow. To this end, we recently...
2023-06-16 8:00 AM EDT
Sun Residential REIT Reports Solid Results, Announces Investor Conference Call on May 3, and Declares Q2 Distribution Payable June 30, 2023
Toronto, Ontario--(Newsfile Corp. - May 2, 2023) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months ended March 31, 2023. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars.Revenue for the three months ended March 31, 2023 was $1,395,353 an increase of 8.1% compared with the same period in the prior year. Net rental income was $986,971, an increase of 8.6%, and net income and...
2023-05-02 4:55 PM EDT
Sun Residential REIT Appoints New CEO
Toronto, Ontario--(Newsfile Corp. - February 17, 2023) - Sun Residential Real Estate Investment Trust (TSXV: SRES) announces the retirement of Gordon Wiebe as Chief Executive Officer, effective February 28, 2023.Dan Argiros, Chair of Sun stated, "Gord was instrumental in the formation of Sun in 2019, taking the trust through three rounds of financing, then acquiring our property in January 2020. We are delighted that he will remain on the board of trustees as we continue to realize our potential as...
2023-02-17 7:20 AM EST
Sun Residential REIT Reports Excellent Results - and Announces Investor Conference Call on February 8
Toronto, Ontario--(Newsfile Corp. - February 7, 2023) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months and year ended December 31, 2022. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars.Revenue for the three months ended December 31, 2022 was $1,412,622 (same period, prior year - $1,296,918), net rental income was $213,697 (prior year - $213,355), and the net income for the three months was...
2023-02-07 4:40 PM EST
Sun Residential REIT Announces Inaugural Quarterly Distribution for Investors
Toronto, Ontario--(Newsfile Corp. - December 14, 2022) - Sun Residential Real Estate Investment Trust (TSXV: SRES) is pleased to announce that its Board of Trustees has approved the initiation of a quarterly distribution program and has declared an inaugural quarterly distribution of C$0.00095 (0.095 Canadian cents) per unit to be paid during the first quarter of 2023. This distribution will be paid March 31, 2023 to unitholders of record as of the close of business on March 10, 2023,...
2022-12-14 4:25 PM EST
Sun Residential REIT Reports Strong Results in Q3 And Announces Investor Conference Call on November 1
Toronto, Ontario--(Newsfile Corp. - October 31, 2022) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and nine months ended September 30, 2022. All amounts are in United States dollars.Revenue for the three months ended September 30, 2022 was $1,403,333 (same period, prior year - $1,284,107), net rental income was $922,962 (prior year - $919,966), and the net income for the three months was $357,346 (prior year - $482,272). Revenue for the...
2022-10-31 4:59 PM EDT
Sun Residential REIT Continues to Report Excellent Results - and Announces Investor Conference Call on August 3
Toronto, Ontario--(Newsfile Corp. - August 2, 2022) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and six months ended June 30, 2022. All amounts are in United States dollars, unless shown as C$, which refers to Canadian dollars.Revenue for the three months ended June 30, 2022 was $1,354,447 (same period, prior year - $1,189,384), net rental income was $955,321 (prior year - $870,735), and the net income for the three months...
2022-08-02 4:50 PM EDT
Sun Residential REIT Continues to Report Excellent Results - And Announces Investor Conference Call on May 4
Toronto, Ontario--(Newsfile Corp. - May 3, 2022) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months ended March 31, 2022. All amounts are in United States dollars, unless shown as C$ which refers to Canadian dollars.Revenue for the three months ended March 31, 2022 was $1,289,831 (same period, prior year - $1,176,066), net rental income was $908,741 (prior year - $864,401), and the net income was $476,787 (prior year - $473,795)....
2022-05-03 4:50 PM EDT