Sun Residential Real Estate Investment Trust News Releases

Sun Residential REIT Announces Second Cash Distribution and Timing of Termination

Fri, 29 Aug 2025 16:28:00 -0400

Toronto, Ontario--(Newsfile Corp. - August 29, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) ("Sun") announces today that the termination of Sun will take place at 11:59 p.m. (Toronto time) on September 19, 2025 (the "Termination Time").Sun has been advised by the TSX Venture Exchange (the "TSXV") that the trust units of Sun will be delisted from the TSXV effective as of the close of business on September 19, 2025. Accordingly, Sun also announces that the register of its...

Sun Residential REIT Reports Second Quarter 2025 Results and Provides Update Regarding Asset Sales and Distributions

Tue, 29 Jul 2025 16:35:00 -0400

Toronto, Ontario--(Newsfile Corp. - July 29, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and six months ended June 30, 2025. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars. Revenue for the three months ended June 30, 2025, was $1,490,690, an increase of 3.6% compared with the same period in the prior year. Net income and comprehensive income for the three months ended June...

Sun Residential REIT Announces First Cash Distribution

Thu, 10 Jul 2025 16:20:00 -0400

Toronto, Ontario--(Newsfile Corp. - July 10, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) ("Sun") announces today that, further to the completion of the sale of its interests in its two properties, the trustees of Sun have approved a distribution (the "First Distribution") of Cdn$0.10 per unit to holders of trust units of record at the close of business on July 18, 2025 (the "Record Date") and payable in cash on July 24, 2025 (the "Payment Date").Sun intends to distribute...

Sun Residential REIT Completes Sale of Its Properties

Wed, 02 Jul 2025 08:24:00 -0400

Toronto, Ontario--(Newsfile Corp. - July 2, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) ("Sun") announces today that it has completed the sale of its interests in its two properties, consisting of a 51% interest in Evergreen at Southwood, a "Class A" multi-family residential property located in Tallahassee, Florida comprising 12 buildings with 288 rental units, and 4815 Tudor Drive, an 8-unit multi-family property located in Cape Coral, Florida, for an aggregate purchase...

Sun Residential REIT Unitholders Overwhelmingly Approve Plan to Sell Its Properties and to Wind-Up and Terminate

Wed, 28 May 2025 16:45:00 -0400

Toronto, Ontario--(Newsfile Corp. - May 28, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) ("Sun") announces that, at the annual and special meeting of holders of trust units of Sun held earlier today, the two special resolutions were passed by unitholders.The first resolution was regarding the previously announced sale of Sun's interests in its two properties, being substantially all of Sun's assets. It was approved by 99.94% of the units voted at the meeting, and 99.93% of...

Sun Residential REIT Reports Solid Results for First Quarter 2025

Tue, 29 Apr 2025 16:30:00 -0400

Toronto, Ontario--(Newsfile Corp. - April 29, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months ended March 31, 2025. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars. Revenue for the three months ended March 31, 2025, was $1,476,147, an increase of 1.9% compared with the same period in the prior year. Net income and comprehensive income for the three months ended March 31,...

Sun Residential REIT Announces Plans to Sell Its Properties and to Wind-up and Terminate Sun Residential REIT

Tue, 01 Apr 2025 12:42:00 -0400

Toronto, Ontario--(Newsfile Corp. - April 1, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) ("Sun") announces today that it has entered into separate purchase agreements (the "Purchase Agreements") in connection with the sale of its interests in its two properties (the "Properties"), being a 51% interest in Evergreen at Southwood ("Evergreen at Southwood"), a "Class A" multi-family residential property located in Tallahassee, Florida comprising 12 buildings with 288 rental...

Sun Residential REIT Announces First Quarter Cash Distribution

Thu, 06 Feb 2025 08:00:00 -0500

Toronto, Ontario--(Newsfile Corp. - February 6, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today announced its regular quarterly distribution of $0.00095 (0.095¢) per unit. This distribution will be paid March 31, 2025 to unitholders of record as of the close of business on March 13, 2025, and represents distributions at an annual rate of $0.0038 (0.38¢) per unit. At Sun's current unit price, this represents an annualized distribution at a rate of 6.3%. Amounts shown are...

Sun Residential REIT Reports Very Good Results For 2024

Tue, 04 Feb 2025 16:40:00 -0500

Toronto, Ontario--(Newsfile Corp. - February 4, 2025) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months and year ended December 31, 2024. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars. Revenue for the three months ended December 31, 2024, was $1,502,537, an increase of 4.1% compared with the same period in the prior year. Net rental income was $77,364, an increase of 34.1%, and...

Sun Residential REIT Announces Fourth Quarter Cash Distribution

Thu, 07 Nov 2024 08:30:00 -0500

Toronto, Ontario--(Newsfile Corp. - November 7, 2024) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today announced its regular quarterly distribution of $0.00095 (0.095¢) per unit. This distribution will be paid December 31, 2024 to unitholders of record as of the close of business on December 13, 2024, and represents distributions at an annual rate of $0.0038 (0.38¢) per unit. At Sun's current unit price, this represents an annualized distribution at a rate of 8.4%. Amounts...