Day: May 12, 2023

TORONTO and MONTREAL, May 12, 2023 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the quarter ended March 31, 2023. HighlightsOn April 26, 2023, the REIT sold a retail property located in Victoriaville, Quebec for $40.3 million. On April 21, 2023, the REIT acquired a 264,600 square foot industrial property located in London, Ontario for $36.0 million. On March 7, 2023, the REIT acquired a newly constructed 532,000 square foot distribution centre located in Casselman, Ontario for $116.8 million. On March 1, 2023, the REIT entered into senior unsecured credit facilities totalling $375 million with three-year terms (the “Unsecured Facilities”). The Unsecured Facilities are comprised of a $190 million revolving credit facility, a $175 million term loan facility and a $10 million...

CINCINNATI, May 12, 2023 (GLOBE NEWSWIRE) — Blue Water Biotech, Inc. (“Blue Water” or the “Company”), a biotechnology company spanning multiple sectors, today announced its financial results for the quarter ended March 31, 2023 and provided an update on recent business developments and Company progress. Blue Water Biotech is a biological and pharmaceutical technology company developing multiple preclinical vaccine candidates across various infectious diseases and owns the FDA-approved benign hyperplasia (“BPH”) asset, ENTADFI®. “Blue Water’s recent growth is highlighted by our acquisition of ENTADFI®, as well as our subsequent rebranding initiative and name change to reflect our transition into a commercial-stage biotechnology company,” said Joseph Hernandez, Chairman and Chief Executive Officer of Blue Water. “We believe this...

Increases Loan Balances, Credit Reserves & Liquidity STAMFORD, Conn., May 12, 2023 (GLOBE NEWSWIRE) — Patriot National Bancorp, Inc. (“Patriot,” “Bancorp” or the “Company”) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced net loss of $53.0 thousand, or $(0.01) basic and diluted loss per share for the quarter ended March 31, 2023. These results compared to net income of $1.8 million, or $0.45 per basic and diluted earnings per share for the fourth quarter of 2022 and net income of $800 thousand, or $0.20 basic and diluted earnings per share reported in the first quarter of 2022. The first quarter of 2023 financial results were adversely impacted by increasing reserves, which resulted in an elevated provision for credit losses of $1.3 million, compared to no provision for loan losses recorded...

TORONTO, May 12, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today continued growth and strong operating and financial results for the three months ended March 31, 2023. Management will host a conference call to discuss the financial results on Monday, May 15, 2023 at 9:00 a.m. EST. HIGHLIGHTS:As at March 31, 2023 December 31, 2022 March 31, 2022Total Portfolio Performance and Other Measures      Number of suites and sites   65,527     66,586     67,182  Investment properties fair value (000s) $ 17,121,228   $ 17,153,709   $ 17,523,587  Occupied AMR(1)      Canadian Residential Portfolio(2) $ 1,428   $ 1,401   $ 1,356  The Netherlands Portfolio € 1,002   € 992   € 949  Change in monthly rent on suite turnovers(3)      Canadian...

Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, May 12, 2023 (GLOBE NEWSWIRE) — Northview Fund (“Northview” or the “Fund”) (NHF.UN – TSX), today announced financial results for the three months ended March 31, 2023. All amounts in this news release are in thousands of Canadian dollars unless otherwise indicated.“Northview’s strong operating results build on the strong occupancy gains that started in 2022 and continued through the first quarter of 2023. Occupancy gains of 350 bps since the first quarter of 2022, driven by 900 bps in Western Canada, have outpaced inflationary pressures on expenses, allowing Northview to deliver NOI growth of 9.2%, with an impressive 27.3% in Western Canada,” comments Mr. Todd Cook, Chief Executive Officer of Northview. “The positive operational...

GENEVA, May 12, 2023 (GLOBE NEWSWIRE) — Etrion Corporation (“Etrion” or the “Company”, and, together with its subsidiaries, the “Group”) released today its condensed consolidated interim financial statements and related management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2023. Q1-23 HIGHLIGHTSEtrion closed the first quarter of 2023 with an unrestricted cash balance of US$13.5 million and a positive working capital of US$12.8 million. The Company sold all the solar assets in 2021 and is not developing any new project in 2023. Subject to the possibility of the board of directors of identifying new potential business opportunities, the Company expects to complete its windup activities and proceed with the dissolution of the Company within approximately 36 months, although it is possible that the...