Parkit Enterprise Inc. News Releases

Parkit Announces Normal Course Issuer Bid

Mon, 23 Mar 2026 17:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - March 23, 2026) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit" or the "Corporation") is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange ("TSX-V") to renew its Normal Course Issuer Bid ("NCIB") to purchase for cancellation, during the 12-month period starting March 30, 2026, up to ‎11,501,900‎ of the outstanding common shares of the Corporation (the "Common Shares"), representing approximately 10% of Parkit's public...

Parkit Enterprise Reports Fiscal 2025 Annual Results with 29% FFO Growth

Thu, 05 Mar 2026 17:26:00 -0500

Parkit's Annual results had a $25 Million Gain on Asset Sales, Strategic Investment in PROREIT and Launched construction on Two 15-Storey Purpose Built Rental Developments Toronto, Ontario--(Newsfile Corp. - March 5, 2026) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's full year 2025 audited results. Steven Scott, Chair of Parkit, commented:"Parkit achieved 8% same property NOI growth and 29% FFO growth while executing on a disciplined capital...

Parkit Completes Sale of Winnipeg Property and Adds To Investment in PROREIT

Thu, 18 Dec 2025 07:02:00 -0500

Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), has completed the sale of its remaining property located in Winnipeg, Manitoba (the "Property") to PRO Real Estate Investment Trust (TSX: PRV.UN) ("PROREIT") for proceeds of $5,350,000, subject to customary adjustments (the "Transaction"). Parkit received $2,140,000 of the proceeds in the form of 345,161 trust units of PROREIT ("Trust Units") priced at $6.20 per Trust Unit....

Parkit Contributes London Industrial Property and Forms Joint Venture for Residential Redevelopment

Mon, 24 Nov 2025 07:30:00 -0500

Toronto, Ontario--(Newsfile Corp. - November 24, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), is pleased to announce that it has contributed the 3.55 acres of lands at 568 Second Street, London, Ontario, to a three-party joint venture called 760 Second Street Partnership (the "Joint Venture") for total contribution of $12,900,000, subject to customary adjustments (the "Transaction"). The Joint Venture is comprised of Parkit for a 50% share, Decade Capital ("Decade")...

Parkit Enterprise Reports Q3 2025 Results

Thu, 06 Nov 2025 17:00:00 -0500

Toronto, Ontario--(Newsfile Corp. - November 6, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") today reported the Company's third quarter 2025 results. Steven Scott, Chair of Parkit, commented:"Parkit acquired 99,690 sf multi-tenant industrial warehouse in Edmonton, Alberta and continued its strong financial performance. We grew our net rental income and margins in Q3 2025, resulting in a year over year same property NOI growth of 9% and FFO growth of 31%. We renewed...

Parkit Enterprise Reports Q2 2025 Results

Thu, 07 Aug 2025 18:55:00 -0400

Toronto, Ontario--(Newsfile Corp. - August 7, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's second quarter 2025 results. Steven Scott, Chair of Parkit, commented:"Parkit is pleased to report strong performance for Q2 2025, highlighted by several key achievements and strategic moves. We completed the sale of six Winnipeg assets, realizing a substantial gain, and made a strategic investment in PROREIT. Our financial metrics showed positive...

Parkit Acquires Industrial Asset in Edmonton

Wed, 06 Aug 2025 17:43:00 -0400

Toronto, Ontario--(Newsfile Corp. - August 6, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), is pleased to announce that it has completed the acquisition (the "Acquisition") of an industrial building located in Edmonton, Alberta (the "Property") from an arm's length vendor (the "Vendor"). The Acquisition constitutes an Arm's Length Transaction for the purposes of the TSX Venture Exchange policies. The Property is a multi-tenant industrial building located in Edmonton. The building has...

Parkit Completes Sale of Winnipeg Industrial Asset Portfolio for Cash and an Investment in PROREIT

Fri, 27 Jun 2025 07:02:00 -0400

Toronto, Ontario--(Newsfile Corp. - June 27, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), has completed the sale of a portfolio of six industrial properties located in Winnipeg, Manitoba (the "Properties") to a subsidiary of PRO Real Estate Investment Trust (TSX: PRV.UN) ("PROREIT") for proceeds of $96,500,000, subject to customary adjustments (the "Transaction"). Parkit received $40 million of the proceeds in the form of 6,451,613 units of PROREIT and its subsidiary...

Parkit to Sell Winnipeg Industrial Asset Portfolio in Return for an Investment in PROREIT

Tue, 13 May 2025 07:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") has agreed to sell a portfolio of six industrial buildings and properties located in Winnipeg, Manitoba (the "Properties"), to PRO REIT Limited Partnership ("PROREIT LP") as purchaser, for aggregate proceeds of $96,500,000, subject to customary adjustments (the "Transaction"). Approximately $40 million of the proceeds will be in the form of units of PRO Real Estate Investment Trust...

Parkit Enterprise Reports Q1 2025 Results

Thu, 08 May 2025 17:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's first quarter 2025 results. Steven Scott, Chair of Parkit, commented:"Parkit started the year with an acquisition of a new property in Boisbriand, Quebec and continued its strong financial performance. We grew our net rental income and margins in Q1 2025, resulting in a year over year same property NOI growth of 10% and FFO growth of 25%. We renewed...