[Skip to Content]

Important Announcement: Skyline Apartment REIT Increases Unit Price

Posted On February 5, 2016

Skyline Apartment REIT Increases Unit Price

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. 

Find out more about Skyline Apartment REIT here.


Similar News Items

Moncton NB

Skyline Apartment REIT Enters Moncton, NB with 2-Property Purchase

Posted On December 20, 2017

Skyline Apartment REIT now has assets in 7 provinces across Canada

Read the full post

3150 Donnelly St Windsor ON

Skyline Apartment REIT Purchases Additional Windsor, ON Property

Posted On December 12, 2017

3150 Donnelly Street is the Apartment REIT's 27th property in Windsor

Read the full post

151 Marina Park Avenue Midland ON

Skyline Apartment REIT Purchases First Midland, ON Property

Posted On November 29, 2017

151 Marina Park Avenue is Skyline Apartment REIT's first property in Midland, ON

Read the full post