MARWEST APARTMENT REAL ESTATE INVESTMENT TRUST ANNOUNCES Q3 2024 RESULTS [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
WINNIPEG, MB Nov. 12, 2024 /CNW/ - Marwest Apartment Real Estate Investment Trust (the "REIT" ) (TSXV: MAR.UN) reported financial results for the three and nine months ended September 30, 2024 . This press release should be read in conjunction with the REIT's Unaudited Condensed Consolidated Interim Financial Statements and Management's Discussion and Analysis ( Q3 2024 MD&A" ) for the three and nine months ended September 30, 2024 , which are available on the REIT's website at www.marwestreit.com and at www.sedarplus.ca "Throughout 2024 rental rates have continued to increase and vacancy has remained low. With the 50 percent provincial school tax rebate ending this year, we anticipate the lowered inflationary pressures which may offset the financial impact on the REIT.", commented Mr. William Martens , Chief Executive Officer of the REIT. Q3 2024 Quarterly Highlights Same Property Net Operating Income Same Property NOI ") increased by 8.82% in the nine months ended September 3
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