Canadian Net REIT Announces 2026 Second-Quarter Results

MONTRÉAL, Aug. 18, 2026 (GLOBE NEWSWIRE) — Canadian Net Real Estate Investment Trust (“Canadian Net” or the “REIT”) (TSX-V: NET.UN) today reported its results for the quarter ended June 30 th , 2026 (“Q2 2026”) and distributions for October, November and December 2026 (“Q4 2026”).

“We are pleased to report another quarter of FFO per unit 1 growth, with an increase of 3% quarter-over-quarter and 2% year-over-year,” said Kevin Henley, President and CEO. “During the quarter, we continued executing on our strategy by acquiring a single-tenant Bureau en Gros property in Quebec, which closed late in Q2 and will contribute to results starting in the third quarter. Our portfolio remains in excellent shape, with 100% occupancy maintained and all 2026 lease renewals now completed. As it has throughout our history, our model continues to demonstrate its resilience, delivering consistent growth through disciplined acquisitions, proactive balance sheet management, organic rent growth, and steady mortgage paydown. Looking ahead, our focus is on unlocking further capital to fund future acquisitions and continue building on our organic growth momentum.”

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Canadian Net reported Funds from operations 1 (“FFO”) of $3.53 million, or $0.171 per unit, an increase of 3% compared to $3.41 million, or $0.166 per unit, for the quarter ended June 30, 2025 (“Q2 2025”).

Rental income was $7.11 million in Q2 2026, an increase of 3.3% from Q2 2025. Net Operating Income 1 (“NOI”) in Q2 2026 was $5.11 million, an increase of 1.7% from Q2 2025, reflecting mainly the increase in rental income from existing properties.

The REIT generated a net income attributable to unitholders of $3.5 million in Q2 2026 compared to a net loss of $1.4 million in Q2 2025.

Canadian Net reported FFO 1 of $6.94 million, or $0.337 per unit, an increase of 2% compared to $6.79 million, or $0.330 per unit for the 6-month period ended June 30, 2025.

Rental income was $14.05 million for the 6-month period ended June 30, 2026, an increase of 2.3% from the same period in 2025. NOI 1 over the 6-month period ended June 30, 2026 was $10.12 million, an increase of 1.1% from the same period in 2025, reflecting mainly an increase in rental income due to property acquisitions and rent increases on existing properties.

The REIT generated a net income attributable to unitholders of $5.9 million for the 6-month period ended June 30, 2026 compared to a net income of $8.8 million for the same period last year.

The increase in FFO 1 is mainly derived from property acquisitions and increases in rent of certain existing properties, as well as lower interest charges on credit facilities and convertible debentures. The increase in FFO 1 was partially offset by higher interest charges on mortgage renewals. The increase in NOI 1 was mainly attributable to the increase in rental income from property acquisitions and rent increases on existing properties.