CT Real Estate Investment Trust (CRT) 2014年年度报告「TSX」.pdf

1、CT REIT 2014 Annual ReportCT REIT 2014 Annual Report D CT REIT 2014 ANNUAL REPORTIn fall 2013,CT REIT launched with one of the most successful Initial Public Offerings(IPO)for a Canadian REIT in recent years.In 2014,our first full year of operation,CT Real Estate Investment Trust(CT REIT)met the exp

2、ectations outlined in our IPO and exceeded them.In large measure,our performance was driven by a diverse investment program that delivered growth in adjusted funds from operations(AFFO)per Unit in 2014 and is expected to keep delivering growth for years to come.Canadian Tire Corporation,Limited(CTC)

3、,our principal tenant and largest Unitholder,is one of Canadas most successful retail organizations and home to several of the countrys most highly regarded brands.Our special relationship with CTC provides CT REIT with many advantages including the right of first offer on properties in its portfoli

4、o and special insights into its development needs and strategy that translate into low risk growth opportunities.We also purchased properties outside the retail sector:notably,in July 2014,CT REIT entered into a co-ownership to acquire a one-third interest in Canada Square,a mixed-use commercial pro

5、perty at the intersection of Yonge Street and Eglinton Avenue in Toronto.In the same month,CT REIT acquired a well-located 201,415 square foot distribution centre in Calgary,replacing a facility that CTC was leasing from a third party.These accretive acquisitions add diversification to our portfolio

6、 and align with our growth strategy.In 2014,we completed thirteen property acquisitions,two land acquisitions,two developments and six property intensifications,increasing our total gross leasable area(GLA)to more than 20 million square feet.Most of these acquisitions were immediately accretive and,