Parkit to Sell Winnipeg Industrial Asset Portfolio in Return for an Investment in PROREIT
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") has agreed to sell a portfolio of six industrial buildings and properties located in Winnipeg, Manitoba (the "Properties"), to PRO REIT Limited Partnership ("PROREIT LP") as purchaser, for aggregate proceeds of $96,500,000, subject to customary adjustments (the "Transaction"). Approximately $40 million of the proceeds will be in the form of units of PRO Real Estate Investment Trust ("PROREIT"), totaling an aggregate of approximately...
2025-05-13 7:00 AM EDT
Parkit Enterprise Reports Q1 2025 Results
Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's first quarter 2025 results. Steven Scott, Chair of Parkit, commented:"Parkit started the year with an acquisition of a new property in Boisbriand, Quebec and continued its strong financial performance. We grew our net rental income and margins in Q1 2025, resulting in a year over year same property NOI growth of 10% and FFO growth of 25%. We renewed...
2025-05-08 5:00 PM EDT
Parkit Announces Normal Course Issuer Bid
Toronto, Ontario--(Newsfile Corp. - March 20, 2025) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit" or the "Corporation") is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange to renew its Normal Course Issuer Bid ("NCIB") to purchase for cancellation, during the 12-month period starting March 28, 2025, up to 11,088,361 of the outstanding common shares of the Corporation (the "Common Shares"), representing 5% of the Common Shares outstanding. The program will end on March 27,...
2025-03-20 5:30 PM EDT
Parkit Enterprise Reports Fiscal 2024 Annual Results; Highlighting Acquisitions; Provides 2025 Outlook
Toronto, Ontario--(Newsfile Corp. - March 6, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's full year 2024 audited results. Steven Scott, Chair of Parkit, commented:"Parkit continued to grow its net rental income and margins in 2024, resulting in a Stabilized Comparative Properties NOI increase of 17% for the year. During the year, we signed new leases on 187,855 square feet of space and renewed 156,843 square feet of space at market rents....
2025-03-06 5:55 PM EST
Parkit Completes Acquisition of Industrial Asset in Quebec
Toronto, Ontario--(Newsfile Corp. - February 6, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), is pleased to announce it has completed the acquisition of one industrial asset from a non-arms length vendor (the "Vendor"), for an aggregate purchase price of $10,250,000 (the "Purchase Price"), subject to customary adjustments (the "Acquisition"). 1650 Blvd Lionel Bertrand, Boisbriand, QuebecThe Acquisition consists of an industrial building at 1650 Boulevard Lionel-Bertrand, Boisbriand, Quebec (the "Property"). The Property has approximately 62,680 square feet of gross leasable...
2025-02-06 5:00 PM EST
Parkit Announces Grant of Options
Toronto, Ontario--(Newsfile Corp. - December 30, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit") announced today that certain directors, officers, employees and consultants have been issued an aggregate of 1,588,500 options pursuant to Parkit's option plan, with each such option being exercisable into one common share at an exercise price of $0.60 at any time on or before the tenth anniversary of its issuance. Each of the options vested on grant.Of the options granted above, 1,125,000 options were granted to...
2024-12-30 5:00 PM EST
Parkit Completes Acquisition of Industrial Asset in Ottawa
Toronto, Ontario--(Newsfile Corp. - December 19, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), is pleased to announce it has completed the acquisition of one industrial asset from an arm's length vendor (the "Vendor"), for an aggregate purchase price of $9,500,000, subject to customary adjustments (the "Acquisition"). 1650 Comstock Rd, Ottawa, OntarioThe Acquisition consisted of 1650 Comstock Rd, Ottawa, Ontario (the "Property"). The Property consist of one building with approximately 140,000 square feet of gross area on 2.8 acres of...
2024-12-19 5:03 PM EST
Parkit Enterprise Reports Q3 2024 Results
Toronto, Ontario--(Newsfile Corp. - November 7, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") is pleased to report its third quarter 2024 results. Steven Scott, Chair of Parkit, commented:"Parkit continued to grow its net rental income and margins in Q3 2024, resulting in a same property NOI increase of 16% for the quarter. We renewed 70,000 square feet of leases at 42% higher rates and signed new leases on 36,000 square feet of space. We continue to maintain...
2024-11-07 5:30 PM EST
Parkit Enterprise Reports Q2 2024 Results
Toronto, Ontario--(Newsfile Corp. - August 8, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), is pleased to report its second quarter 2024 results. Steven Scott, Chair of Parkit, commented:"Parkit closed its previously announced acquisition in Winnipeg, MB and continued to grow its net rental income and margins in Q2 2024, resulting in a same property NOI increase of 16% for the quarter. We renewed 86,000 square feet of leases at 86% higher rates and signed a new 25,000 square...
2024-08-08 5:42 PM EDT
Parkit Enterprise Reports Q1 2024 Results
Toronto, Ontario--(Newsfile Corp. - May 7, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's first quarter 2024 results. Steve Scott, Chair of Parkit, commented:"Parkit continued to improve its net rental income and margins through successful negotiations with existing and new tenants and by integrating the $100 million of assets purchased last year. Subsequent to Q1, Parkit cash closed on a $6.3 million acquisition in Winnipeg, and with 96% of our interest rate on...
2024-05-07 5:33 PM EDT
Parkit Completes Acquisition of Industrial Asset in Winnipeg
Toronto, Ontario--(Newsfile Corp. - April 2, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") is pleased to announce that, further to its November 15, 2023 news release, it has completed the acquisition of one industrial asset from a vendor ("Vendor") for an aggregate purchase price of $6,300,000, subject to customary adjustments (the "Acquisition"). 961-975 Sherwin Rd, Winnipeg, ManitobaThe Acquisition consisted of 961-975 Sherwin Rd, Winnipeg, Manitoba (the "Property"). The Property consist of two buildings with...
2024-04-02 8:27 PM EDT
Parkit Announces Normal Course Issuer Bid
Toronto, Ontario--(Newsfile Corp. - March 25, 2024) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit" or the "Corporation") is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange to renew its Normal Course Issuer Bid ("NCIB") to purchase for cancellation, during the 12-month period starting March 28, 2024, up to 11,394,158 of the outstanding common shares of the Corporation (the "Common Shares"), representing 5% of the Common Shares outstanding. The program will end on March 27, 2025 unless...
2024-03-25 2:52 PM EDT
Parkit Enterprise Reports Fiscal 2023 Annual Results; Highlighting Acquisitions; Provides 2024 Outlook
Toronto, Ontario--(Newsfile Corp. - March 7, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's full year 2023 audited results. Steve Scott, Chair of Parkit, commented:"Parkit continued to improve its net rental income and margins by integrating the $100 million of assets purchased this year and through successful negotiations with existing and new tenants. With 97% of our interest rate on our debt fixed, Parkit continues to have a strong balance sheet and expects...
2024-03-07 7:01 PM EST
Parkit Announces Grant of Options
Toronto, Ontario--(Newsfile Corp. - December 29, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit") announced today that certain directors, officers, employees and consultants have been issued an aggregate of 2,228,500 options pursuant to Parkit's option plan, with each such option being exercisable into one common share at an exercise price of $0.63 at any time on or before the tenth anniversary of its issuance. Each of the options vested on grant.Of the options granted above, 1,790,000 options were granted to directors and...
2023-12-29 5:00 PM EST
Parkit to Acquire Industrial Asset in Winnipeg
Toronto, Ontario--(Newsfile Corp. - November 15, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), has agreed to acquire an industrial building located in Winnipeg, Manitoba (the "Property") from a vendor (the "Vendor"), for an aggregate purchase price of $6,500,000, subject to customary adjustments (the "Acquisition"). The Vendor is not a related party to Parkit and the Acquisition constitutes an Arm's Length Transaction for the purposes of the TSX Venture Exchange policies.Purchase Price and PaymentThe purchase price for the Acquisition is $6,500,000, subject...
2023-11-15 8:00 AM EST
Parkit Enterprise Reports Q3 Results
Toronto, Ontario--(Newsfile Corp. - November 9, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's third quarter 2023 results. Steve Scott, Chair of Parkit, commented:"In Q3, Parkit achieved significant revenue and net rental income growth through successful negotiations with new and existing tenants by integrating the 10 industrial assets purchased this year. With 95% of our debt fixed, Parkit continues to have a strong balance sheet and expects to continue to look for accretive...
2023-11-09 5:00 PM EST
Access Results Management Services Inc. Purchases 3,000,000 Common Shares of Parkit Enterprise Inc.
Toronto, Ontario--(Newsfile Corp. - August 16, 2023) - PARKIT ENERPRISE INC. (TSXV: PKT) ("Parkit") announced today that it understands that Access Results Management Services Inc. ("ARMS") has acquired 3,000,000 common shares in the capital of Parkit on the open market through the facilities of Omega ATS ("Common Shares") at a price of $0.68 per Common Share, representing an aggregate purchase price of $2,040,000, and representing 1.30% of the issued and outstanding Common Shares of Parkit. Prior to the purchase, ARMS...
2023-08-16 1:37 PM EDT
Parkit Enterprise Reports Q2 Results
Toronto, Ontario--(Newsfile Corp. - August 3, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's second quarter 2023 results. Steve Scott, Chair of Parkit, commented:"In Q2, Parkit continued to streamline operations for its properties, signed a new lease and completed the acquisition of the remaining 50% interest in one of its parking assets providing full control over the future opportunities of the asset."2023 Q2 Results and Recent Business HighlightsIndustrial properties revenue and net rental income. Industrial...
2023-08-03 5:00 PM EDT
Parkit Enterprise Reports Q1 Results
Toronto, Ontario--(Newsfile Corp. - May 11, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's first quarter 2023 results. Steve Scott, Chair of Parkit, commented:"In Q1 Parkit closed on a $90.3 million portfolio in Winnipeg and Saskatchewan, continued to streamline operations on its properties and advance its leasing activities. The new portfolio adds significant scale by adding 800,000 sf of Gross Leasable Area and in-place cash flows."2023 Q1 Results and Recent Business HighlightsRevenues and net...
2023-05-11 5:00 PM EDT
Parkit Acquires the Remaining 50% Interest in its Nashville, TN, Parking Asset
Toronto, Ontario--(Newsfile Corp. - May 2, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), is pleased to announce that it has completed the acquisition of the remaining 50% interest in Fly Away Airport Parking in Nashville Tennessee from an arm's length vendor (the "Vendor") for an aggregate purchase price of $3,550,000 USD, subject to customary adjustments (the "Acquisition"). With this Acquisition, Parkit now owns 100% of Fly Away Airport Parking.Fly Away Airport ParkingFly Away Airport Parking is an off airport parking...
2023-05-02 8:00 AM EDT