The Skyline Commercial REIT just announced a 5% increase in the value of its Unit Price from $10.00 to $10.50 per Unit.
Made effective February 5th, 2016, these changes reflect the strong 2015 operational performance of the Skyline Commercial REIT, its solid forecast for 2016, and the current market value of the portfolio.
The Skyline Commercial REIT's distribution per Unit will remain at $0.90.
The valuation process for the private Commercial 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 January 2012, the Skyline Commercial REIT currently comprises 70 properties in 20 communities across Ontario and Quebec, with nearly 5 million square feet of commercial space. The REIT focuses on industrial commercial properties located along major highways and transportation routes, where businesses want to be.
Skyline Commercial REIT is currently providing an 8.6% annual yield.