10:04:39 EDT Tue 19 Mar 2024
Enter Symbol
or Name
USA
CA



Pure Industrial Real Estate Trust
Symbol AAR
Shares Issued 305,880,218
Close 2018-04-23 C$ 8.08
Market Cap C$ 2,471,512,161
Recent Sedar Documents

Globe says Pure Industrial still making distributions

2018-04-24 08:14 ET - In the News

The Globe and Mail reports in its Tuesday edition that rising interest rates are generally bad news for dividend-paying stocks. Globe columnist Gordon Pape writes that as returns on safe government bonds rise, investors tend to shift more money away from stocks and into fixed-income assets. Some big names, however, have resisted the downward pressures and have held up well so far this year. One of these is Pure Industrial Real Estate Trust. Mr. Pape says that this is another REIT that has jumped in price this year: In this case, the gain was due to a $3.6-billion takeover bid from Blackstone Property Partners in early January. That represented a 21-per-cent premium on the share price. The deal has not yet closed, but it has been approved by shareholders as well as by various regulators. In the meantime, the shares continue to trade and pay distributions. Pure Industrial closed Monday at $8.08, up one cent on the Toronto Stock Exchange.

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