[Guelph, Ontario – January 25, 2025]
Skyline Retail REIT (“the REIT”), a $1.6+ billion1 Canadian real estate investment trust (REIT) specializing in grocery and pharmacy-anchored real estate, has announced its first unit value increase of 2025.2
Effective January 25, 2025, the REIT’s Board of Trustees have approved a $0.25 unit value increase for the REIT’s Class A and Class F units, from $15.50 to $15.75.
The REIT’s annual distribution rate for Class A is now $0.996 per unit, and the Class A annual yield is 6.32%.3
“Skyline Retail REIT continued to achieve strong performance and stability throughout Q4 2024, and we’re delighted to see this hard work translate into a unit value increase,” said Craig Leslie, President, Skyline Retail REIT.
“We are committed to enhancing the REIT’s performance and maximizing investor returns through diligent asset management and strong partnerships with essential national brand tenants. Despite household budgets likely remaining under pressure in 2025, we are confident in the REIT’s continued resilience as families continue to shop for groceries and medication, while accessing essential services such as banking, doctors, and dentists.”
The REIT, which was launched in 2013, now comprises over 5.2 million square feet of retail space across 108 properties in four Canadian provinces.4
As of January 25, 2025, the REIT’s Class A annualized return is 8.31%.5
Skyline Retail REIT’s Class A units are available through Skyline Wealth Management, a Canadian investment firm based in Guelph, Ontario and the preferred exempt market dealer for the REIT. Class F units are available for purchase through Fundserv (code: SKY2013).
1 As at November 30, 2024.
2 Unit value is determined by a net asset value (NAV) model based on evaluations by senior management and the Skyline Retail REIT Board of Trustees.
3The current annual yield is equal to the annual distribution per unit divided by the current unit value.
4 As at November 30, 2024.
5 The annualized return is based on a single unit initial investment in Skyline Retail REIT inclusive of unit price changes and reinvested distributions. For full performance details, visit https://www.skylinewealthmanagement.ca/alternative-investments/skyline-retail-reit/.
About Skyline Retail REIT
Skyline Retail REIT (the “REIT”) is a privately owned and managed portfolio of retail properties, focused on acquiring well-located properties with service-oriented, national brand tenants in secondary and tertiary communities across Canada.
Skyline Retail REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth Management”), the preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: SKY2013).
Skyline Retail REIT is committed to providing outstanding places to conduct business and services. It prioritises superior service to its retail tenants while surfacing value with a goal to deliver stable returns to its investors.
To learn more about Skyline Retail REIT, please visit SkylineRetailREIT.ca.
To learn about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealthManagement.ca.
Skyline Retail REIT is operated and managed by Skyline.
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