trending Market Intelligence /marketintelligence/en/news-insights/trending/CdbOv5UcEAz4DnV4KdVRXA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Cominar REIT outlines strategic initiatives with Q2 results

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


Cominar REIT outlines strategic initiatives with Q2 results

Cominar Real Estate Investment Trust, in reporting its second-quarter results, outlined various organizational and strategic initiatives, including the establishment of a dedicated asset management platform, in order to accelerate its organic growth and maximize its portfolio's value.

The Canada-based diversified REIT said the initiatives include new revenue sources, workforce optimization, outsourcing arrangements, operating cost reductions, process automation, leveraging technology and lease auditing.

The company is executing a full asset management review of its portfolio, beginning with its top 20 properties, to formalize business plans for the assets.

The REIT noted that it has taken a C$3.9 million provision in the second quarter in connection with the strategic initiatives, comprising mainly of severance payments tied to 67 job cuts since the start of 2019.

The company recently added Mélanie Vallée as vice president data and technology and Alexandra Faciu as executive director asset management.

The REIT also recently closed the sale of one income property for gross proceeds of C$14.0 million.