PURE INDUSTRIAL REAL ESTATE TRUST ANNOUNCES RELEASE OF Q1 2011 FINANCIAL RESULTS AND SCHEDULES CONFERENCE CALL
16 Giugno 2011 - 12:46AM
PR Newswire (Canada)
VANCOUVER, June 15, 2011 /CNW/ -- VANCOUVER, June 15, 2011 /CNW/ -
Pure Industrial Real Estate Trust ("PIRET" or the "REIT") (TSXV:
AAR.UN) is pleased to announce the release of its financial results
for the period ending March 31, 2011. Q1 2011 Financial Results The
Q1 2011 financial results consist of PIRET's unaudited interim
condensed financial statements for the three months ended March 31,
2011. The results, consisting of PIRET's unaudited interim
condensed financial statements for the three months ended March 31,
2011, and Management's Discussion and Analysis ("MD&A") dated
June 15, 2011, are available on SEDAR (www.sedar.com). Financial
highlights for the three months ended March 31, 2011: -- Our
revenues and results from operations grew 197% compared to Q1 in
2010. -- The Trust FFO increased to $2.57 million compared to last
year's Q1 of $831,781. -- PIRET's Loan to Gross Book Value as at
March 31, 2011 was reduced to 54%, from 58% at the same period in
2010 and also from 55% at December 31, 2010. Conference Call
Management will host a conference call at 4:30pm (EST), 1:30 pm
(PST), on Thursday, June 16th, 2011, to review the financial
results and corporate developments for the period ended March 31,
2011. To participate in this conference call, please dial one of
the following numbers approximately 10 minutes prior to the
commencement of the call, and ask to join the PIRET Conference
call. Dial in numbers: Toll Free dial in number (from Canada and
1-888-231-8191 USA) International or Local Toronto 1-647-427-7450
Conference Call Replay: If you cannot participate on June 16th, a
replay of the conference call will be available by dialing one of
the following replay numbers. You will be able to dial in and
listen to the conference 60 minutes after the meeting end time, and
the replay will be available until June 23, 2011. Please enter the
Replay ID#75826924, followed by the # key. Replay Dial in number
(Toll Free from Canada 1-800-642-1687 or the USA) Local or
International 1-416-849-0833 PIRET's units are listed on the TSX
Venture Exchange under the symbol AAR.UN. For more information on
PIRET, visit our website at www.piret.ca. About Pure Industrial
Real Estate Trust (PIRET) PIRET is an unincorporated, open-ended
investment trust established for the purposes of acquiring, owning
and operating a diversified portfolio of income-producing
industrial properties in primary markets across Canada. PIRET
focuses exclusively on investing in industrial properties and is
the only publicly traded vehicle in Canada that offers investors
exclusive exposure to Canada's industrial asset class. Additional
information about PIRET is available at www.piret.ca or
www.sedar.com. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES
NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS
RELEASE. To view this news release in HTML formatting,
please use the following URL:
http://www.newswire.ca/en/releases/archive/June2011/15/c6568.html p
Andrew Greig,br/ Director of Investor Relationsbr/ br/ bPure
Industrial Real Estate Trust (PIRET)/bbr/ Suite 910, 925 West
Georgia Streetbr/ Vancouver, BC V6C 3L2br/ Phone: (604)
681-5959 or (888) 681-5959br/ E-mail: a
href="mailto:agreig@piret.ca"agreig@piret.ca/abr/ a
href="http://www.piret.ca"www.piret.ca /abr/ br/ TSX Venture
Exchange - AAR.UN /p
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