TORONTO and NEW YORK, Aug. 14, 2026 /CNW/ - GO Residential Real Estate Investment Trust (the "REIT" or "GO Residential") (TSX: GO.U) announced today its financial results for the three and six months ended June 30, 2026. Results are presented in U.S. dollars unless otherwise noted.
Quarterly Financial and Operating Results Highlights:
-- Investment property fair value (as at June 30, 2026) was $3,118.0
million.
-- Net income and comprehensive income was $7.6 million.
-- Committed occupancy at the end of the quarter was 99.6% (in-place
occupancy was 95.8%).
-- Average monthly rent per suite for the Initial Properties at the end of
the quarter was $6,981 (post quarter end, for July 2026 average monthly
rent per suite for the Initial Properties was $7,055).
-- Average monthly rent per suite for the Total Portfolio at the end of the
quarter was $6,711.
-- Revenue Adjusted was $47.7 million, compared to the Forecast of $44.7
million.
-- NOI Adjusted was $35.0 million, as compared to the Forecast of $32.3
million.
-- NOI Adjusted Margin was 73.4%, as compared to the Forecast of 72.2%.
-- FFO Adjusted was $16.0 million, as compared to the Forecast of $14.1
million.
-- AFFO Adjusted was $14.7 million, as compared to the Forecast of $13.6
million.
"Our results exceeded the pro forma forecast across every key metric, fueled by disciplined execution and the enduring strength of our Manhattan portfolio," said Joshua Gotlib, Chief Executive Officer. "Between peak occupancy, robust rent growth through our mark-to-market strategy, and a solid run rate ahead, GO Residential is positioned for sustained organic growth and long-term value creation for our unitholders."
Financial Summary
Three months ended June 30, 2026 Six months ended June 30, 2026
Actual Forecast Variance Actual Forecast Variance
Net Income and
comprehensive
income $ 7,587 $ 5,157 $ 2,430 $ 51,367 $ 9,739 $ 41,628
NOI Adjusted(1) $ 35,027 $ 32,275 $ 2,752 $ 68,717 $ 65,090 $ 3,627
NOI Adjusted
Margin(1) 73.4 % 72.2 % 1.2 % 73.1 % 72.4 % 0.7 %
EBITDA
Adjusted(1) $ 30,697 $ 28,790 $ 1,907 $ 60,470 $ 58,119 $ 2,351
FFO Adjusted(1) $ 16,041 $ 14,142 $ 1,899 $ 32,509 $ 28,986 $ 3,523
FFO Adjusted per
Unit(1) $ 0.26 $ 0.25 $ 0.01 $ 0.55 $ 0.52 $ 0.03
AFFO Adjusted(1) $ 14,710 $ 13,637 $ 1,073 $ 29,009 $ 27,380 $ 1,629
AFFO Adjusted
per Unit(1) $ 0.23 $ 0.25 $ (0.02) $ 0.49 $ 0.49 $ --
Weighted average
number of Units
outstanding(1) 63,013,718 55,462,534 7,551,184 59,634,388 55,462,534 4,171,854
(1) These measures are not recognized under IFRS and do
not have standardized meanings prescribed by IFRS.
Refer to MD&A section "Reconciliation of Non-IFRS
Measures" for a reconciliation of these measures to
standardized IFRS measures.
Market Outlook
The second quarter of 2026 further reinforced management's view that the New York residential market has continued to operate from a position of structural strength.
At the end of the second quarter median rents in both Manhattan and Brooklyn reached new all-time highs, according to the M.N.S Real Estate NYC ("MNS"), as demand continued to outpace a persistently constrained supply environment. Market reports including MNS and Corcoran indicate that vacancy remains historically tight and listings are down sharply year-over-year, driven by limited new development, a high rate of lease renewals and city-policy-driven outcomes that have slowed new construction and reduced inventory coming online.
Average days on market for suites declined approximately 29% year-over-year during the second quarter of 2026, per the Corcoran. This year-over-year trend reflected tightening conditions with fewer options decreasing the time between listing and lease signing. According to the MNS, Manhattan median rents reached new all-time highs at the end of the quarter, with the borough-wide median crossing $5,334 per month for the first time on record. Strength continues to be broad-based across suite types, with average rents in several categories also setting new records.
Listing inventory continued to contract per the Corcoran report. By the end of June, available Manhattan listings had reached their lowest level in approximately four years, marking the twentieth consecutive month of year-over-year inventory decline. Manhattan vacancy also remained below 2% throughout the quarter, well below levels associated with a balanced rental market. Renter demand strengthened sequentially through the quarter, with signed leases rising in each successive month.
Management believes that the combination of record pricing, multi-year-low inventory and sub-2% vacancy in the geographies where the Initial Portfolio operates is supportive of continued strong operating performance and provides a constructive backdrop for the integration of the recently completed 7 Dey Street, Ivy Tower, and 409 Eastern Parkway acquisitions and the pending Hudson Yards' acquisition.
Business Performance Measures
The following table highlights certain key business performance indicators as at June 30, 2026:
As at June 30, 2026
Total suites 2,545
Average monthly rent(1)(2) $ 6,711
Average monthly rent -- Same Property Portfolio(1)(2) $ 6,981
Committed occupancy rate 99.6 %
In-place occupancy rate 95.8 %
Renewal rate -- expiring leases 66.3 %
Total assets $ 3,227,179
Total liabilities $ 2,040,277
Debt to Gross Book Value(2)(3) 53.5 %
Debt to Gross Book Value, Excluding Excess Cash Held
for Investment Property Acquisitions(2) 52.8 %
Weighted average contractual interest rate of all
debt 4.5 %
Weighted average debt term (in years) 3.8
(1) Excludes rent concessions and rent for affordable
units.
(2) These measures are not recognized under IFRS and do
not have standardized meanings prescribed by IFRS.
Refer to MD&A section "Reconciliation of Non-IFRS
Measures" for a reconciliation of these measures to
standardized IFRS measures.
The following table highlights certain selected financial information for the three and six months ended June 30, 2026:
Three months Six months ended
endedJune 30, 2026 June 30, 2026
Net income and
comprehensive income $ 7,587 $ 51,367
Revenue Adjusted(1) $ 47,718 $ 93,995
NOI Adjusted(1) $ 35,027 $ 68,717
NOI Adjusted
Margin(1) 73.4 % 73.1 %
Revenue Adjusted -
Same Property
Portfolio(1) $ 44,807 $ 91,084
NOI Adjusted - Same
Property
Portfolio(1) $ 32,768 $ 66,458
NOI Adjusted Margin -
Same Property
Portfolio(1) 73.1 % 73.0 %
FFO Adjusted(1) $ 16,041 $ 32,509
FFO Adjusted per
Unit(1) $ 0.26 $ 0.55
AFFO Adjusted(1) $ 14,710 $ 29,009
AFFO Adjusted per
Unit(1) $ 0.23 $ 0.49
AFFO Adjusted payout
ratio(1) 68.5 % 65.7 %
(1) These measures are not recognized under IFRS and do
not have standardized meanings prescribed by IFRS.
Refer to MD&A section "Reconciliation of Non-IFRS
Measures" for a reconciliation of these measures to
standardized IFRS measures.
Distributions
The REIT adopted a monthly distribution policy targeting approximately 65% of estimated annual AFFO and pays a monthly distribution of $0.05325 per Unit, representing $0.639 on an annual basis.
The board of the trustees of the REIT approved a cash distribution of $0.05325 per Unit for the month of August 2026, representing $0.639 per Unit on an annual basis. Payment will be made on or about September 15, 2026 to unitholders of record as of the close of business on August 31, 2026.
All or a portion of distributions paid to Non-U.S. Holders (as defined in the Prospectus), including Canadian unitholders, generally will be subject to U.S. withholding tax. For a general summary of the taxation of distributions paid to unitholders, including information regarding U.S. withholding tax, please see the "Certain Canadian Federal Income Tax Considerations", "Certain U.S. Federal Income Tax Considerations" and "Risk Factors -- Tax-Related Risks" sections in the Prospectus, a copy of which is available on the SEDAR+ website at www.sedarplus.com. Unitholders should consult their tax advisors for advice with respect to the tax consequences of receiving a distribution from the REIT in their particular circumstances.
Subsequent Events
Acquisition of 409 Eastern Parkway
On July 1, 2026, a subsidiary of the REIT indirectly acquired an 81.16% ownership interest in 409 Eastern Parkway, a premier institutional-grade residential rental property located in the Prospect Heights neighbourhood of Brooklyn, New York, for total consideration of $88.5 million (representing the REIT's indirect ownership interest). As part of the acquisition, the REIT indirectly assumed the mortgage in the amount of $66.3 million (representing the REIT's indirect ownership interest). The mortgage, which is guaranteed by OpCo, bears a fixed interest rate of 3.125% until January 10, 2028, at which time, the interest rate will reset to the five-year U.S. Treasury yield plus 275 basis points, with the mortgage maturing on January 10, 2032. The remaining balance of the total consideration was funded through cash draws under the Credit Facility.
H&R Transaction
On August 11, 2026, the REIT announced that it had entered into definitive agreements with, among others, H&R Real Estate Investment Trust ("H&R"), pursuant to which the REIT will acquire, through a series of transactions to be taken under a Plan of Arrangement, the interests in various subsidiaries of H&R, collectively owning 27 properties (or JV interests therein) and various other assets with a gross value of approximately $2.8 billion from H&R for total consideration of 134,208,643 newly-issued REIT Units and approximately $30 million in cash, plus the assumption of approximately C$550 million in principal value of H&R debentures and approximately $1.1 billion in principal value of property-level debt (together, the "H&R Transaction"). The H&R Transaction is expected to close in the fourth quarter of 2026, subject to unitholder, court, and regulatory approvals and other customary closing conditions.
Second Quarter 2026 Results Conference Call
Joshua Gotlib, Chief Executive Officer and Chief Investment Officer, will host a conference call or analysts and investors on Friday, August 14, 2026 at 10:30 AM EST. Dial-in: 1-800-715-9871 or 1-646-307-1963 | Conference ID: 28247773.
About GO Residential Real Estate Investment Trust
GO Residential Real Estate Investment Trust is an internally-managed, unincorporated, open-ended real estate investment trust, established pursuant to a declaration of trust dated June 13, 2025, as amended and restated on July 31, 2025 and further amended and restated on June 16, 2026, under the laws of the Province of Ontario. The REIT is treated as a corporation for U.S. federal income tax purposes and is subject to tax as a "real estate investment trust" under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended. The REIT was formed to provide investors with an opportunity to invest in luxury high-rise multifamily properties located in the New York metropolitan area and other major metropolitan areas in the United States.
Non-IFRS Measures
This press release should be read in conjunction with the REIT's unaudited condensed consolidated interim financial statements and accompanying notes for the three months and six months ended June 30, 2026 prepared in accordance with Internal Accounting Standards ("IAS") 34, Interim Financial Reporting, as issued by the International Accounting Standards Board (the "IASB") and with the financial forecast contained in Prospectus.
The REIT uses financial measures that are not defined under IFRS Accounting Standards ("IFRS") including certain non-IFRS ratios, to measure, compare and explain the operating results, financial performance and cash flows of the REIT. These measures are commonly used by real estate operating companies and real estate investment trusts as useful metrics for measuring performance. However, they do not have standardized meanings prescribed by IFRS and may not be comparable to similar measures presented by other issuers.
-- "FFO" is defined as IFRS consolidated net income adjusted for items such
as unrealized changes in the estimated fair value of investment
properties, the effect of changes in value puttable instruments
classified as financial liabilities, property taxes accounted for under
IFRS Interpretations Committee 21 Levies, transaction costs expensed as a
result of the purchase of a property being accounted for as a business
combination, changes in the fair value of financial instruments that are
economically effective hedges but do not qualify or were not designated
for hedge accounting, HAP Backstop receivable (as defined in the investor
rights agreement, by and among the REIT, OpCo and the Retained Interest
Holders (as defined in the Prospectus), dated July 31, 2025), IPO related
general and administrative expenses, operational revenue and expenses
from right to use assets, and other adjustments. FFO should not be
construed as an alternative to net income or cash flows provided by or
used in operating activities determined in accordance with IFRS.
-- "AFFO" is defined as FFO adjusted for items such as actual maintenance
capital expenditures incurred, straight-line rental revenue differences
and severance costs associated with the disposition of investment
properties. AFFO should not be construed as an alternative to net income
or cash flows provided by or used in operating activities determined in
accordance with IFRS.
-- "NOI" is defined as total revenue from properties (i.e., rental revenue
and other property income) and HAP Backstop receivable, less property
operating costs including property tax expense prepared in accordance
with IFRS, except for adjustments related to IFRS Interpretations
Committee 21 Levies. NOI should not be construed as an alternative to net
income determined in accordance with IFRS. The REIT's method of
calculating NOI may differ from other issuers' methods and, accordingly,
may not be comparable to NOI reported by other issuers.
-- "EBITDA" is defined as earnings before interest, taxes, depreciation and
amortization.
-- "EBITDA Adjusted" is defined as EBITDA adjusted for amounts that are, in
management's view, unique to the operations of REIT. Management of the
REIT regards EBITDA Adjusted as an important measure of operating
performance.
-- "FFO Adjusted" is defined as FFO adjusted for amounts that are unique to
the operations of REIT. Management of the REIT regards FFO Adjusted as an
important measure of operating performance.
-- "AFFO Adjusted" is defined as AFFO adjusted for amounts that are unique
to the operations of REIT. Management of the REIT regards AFFO Adjusted
as an important measure of operating performance and also uses AFFO
Adjusted in assessing its distribution paying capacity.
-- "Revenue Adjusted" is defined as Revenue adjusted for amounts that are
unique to the operations of REIT. Management of the REIT regards Revenue
Adjusted as an important measure of operating performance.
-- "NOI Adjusted" is defined as NOI adjusted for amounts that are unique to
the operations of REIT. Management of the REIT regards NOI Adjusted as an
important measure of operating performance.
-- "Average monthly rent" is defined as the total monthly rent of all market
based residential suites in the portfolio, divided by the number of all
market based residential suites within the portfolio
Non-IFRS Ratios
-- "AFFO Adjusted Payout Ratio" is defined as distributions declared on
Units of divided by AFFO Adjusted.
-- "AFFO Adjusted per Unit" is defined as AFFO Adjusted divided by the
weighted average number of Units for the period.
-- "FFO Adjusted per Unit" is defined as FFO Adjusted divided by the
weighted average number of Units for the period.
-- "Gross Book Value" means, at any time, the greater of (i) the book value
of the assets of the REIT and its consolidated subsidiaries, as shown on
its then most recent consolidated statement of financial position
prepared in accordance with IFRS; and (ii) the historical cost of the
investment properties, plus (a) the carrying value of cash and cash
equivalents, and (b) the historical cost of other assets and investments.
-- "Debt to Gross Book Value Ratio" is calculated by dividing total loans
and borrowings ("Debt"), by Gross Book Value.
-- "NOI Adjusted Margin" is defined as NOI Adjusted divided by Revenue
Adjusted.
Reconciliation of Non-IFRS Measures
Revenue Adjusted
Same Property Portfolio Total Portfolio
Three months Actual Forecast Variance($) Variance(%) Actual Forecast Variance($) Variance(%)
ended June 30,
2026
Revenue $41,321 $ 44,234 $43,815 $ 44,234
Other income 1,200 -- 1,200 --
Other revenue
from
services(1) 73 -- 73 --
HAP Backstop(1) 1,500 -- 1,500 --
Normalization of
rent
concessions(1) 713 441 713 441
Income -- -- 417 --
Support(1)
Revenue
Adjusted(1) $44,807 $ 44,675 $ 132 0.3 % $47,718 $ 44,675 $ 3,043 6.8 %
(1) These measures are not recognized under IFRS and do
not have standardized meanings prescribed by IFRS.
Refer to MD&A section "Reconciliation of Non-IFRS
Measures" for a reconciliation of these measures to
standardized IFRS measures.
Same Property Portfolio Total Portfolio
Six months Actual Forecast Variance($) Variance(%) Actual Forecast Variance($) Variance(%)
ended June 30,
2026
Revenue $81,943 $ 88,225 $84,437 $ 88,225
Other property
revenue 2,160 -- 2,160 --
Other income 1,200 -- 1,200 --
Other revenue
from
services(1) 300 -- 300 --
HAP Backstop(1) 3,000 -- 3,000 --
Normalization of
rent
concessions(1) 2,481 1,674 2,481 1,674
Income -- -- 417 --
Support(1)
Revenue
Adjusted(1) $91,084 $ 89,899 $ 1,185 1.3 % $93,995 $ 89,899 $ 4,096 4.6 %
(1) These measures are not recognized under IFRS and do
not have standardized meanings prescribed by IFRS.
Refer to MD&A section "Reconciliation of Non-IFRS
Measures" for a reconciliation of these measures to
standardized IFRS measures.
FFO Adjusted, FFO Adjusted per Unit, AFFO Adjusted and AFFO Adjusted per Unit
Three months ended June Six months ended June
30, 2026 30, 2026
Actual Forecast Actual Forecast
Net income and
comprehensive
income $ 7,587 $ 5,157 $ 51,367 $ 9,739
Add (deduct)
impact of the
following:
HAP Backstop 1,500 -- 3,000 --
Distributions on
OpCo Units 4,129 3,532 7,855 7,065
Amortization of
intangible
asset 92 -- 183 --
Fair value
adjustment to
investment
properties 10,244 379 8,406 1,354
Fair value
adjustment to
investment
properties
related
to IFRIC 21,
included in
acquisition
costs(1) (2,998) -- (2,998) --
Fair value
adjustment to
OpCo Units (6,462) -- (48,877) --
Fair value
adjustment to
financial
instrument (4,739) -- (4,739) --
Fair value
adjustment to
derivative
liability 2,648 -- 9,723 --
Unrealized gain
on foreign
currency
translation (4,480) -- (9,577) --
Adjustment to
bargain
purchase gain 189 -- 607 --
Salaries and
related costs
attributed to
leasing
activities 122 -- 244 --
$ 7,832 $ 9,068 $ 15,194 $ 18,158
Normalization of
rent
concessions 713 441 2,481 1,674
Legal and other
professional
fees related to
prospectus
and other
securities
offerings 905 -- 2,057 --
Income Support 417 -- 417 --
Other revenue
from services 73 -- 300 --
Non-cash
financing costs
and other 4,723 4,633 9,281 9,154
Net interest
expense related
to debt
financing
incurred
to fund future
acquisitions of
investment
properties
currently under
contract 941 -- 2,076 --
Adjustment for
related costs
associated with
suite
upgrades 290 -- 350 --
General and
administration
costs
associated with
suite
upgrades 147 -- 353 --
FFO Adjusted $ 16,041 $ 14,142 $ 32,509 $ 28,986
FFO Adjusted per
Unit $ 0.26 $ 0.25 $ 0.55 $ 0.52
Add (deduct)
impact of the
following:
Maintenance
capital
expenditures (436) (126) (963) (252)
Straight line
rental revenue
differences (59) (379) (1,153) (1,354)
Salaries and
related costs
attributed to
leasing
activities (122) -- (244) --
Direct leasing
costs (714) -- (1,140) --
AFFO Adjusted $ 14,710 $ 13,637 $ 29,009 $ 27,380
AFFO Adjusted
per Unit $ 0.23 $ 0.25 $ 0.49 $ 0.49
Distributions
declared per
Unit $ 0.16 $ 0.16 $ 0.32 $ 0.32
AFFO Adjusted
payout ratio 68.5 % 65.0 % 65.7 % 64.7 %
Weighted average
number of Units
outstanding(2) 63,013,718 55,462,534 59,634,388 55,462,534
(1) This amount represents the fair value adjustment for
IFRIC 21 amounts associated with acquisition costs
involving the acquisitions of 7 Dey Street and the
Ivy Tower.
(2) Includes REIT Units and OpCo Units.
NOI Adjusted and NOI Adjusted Margin
Same Property Total Portfolio
Portfolio
Three months Actual Forecast Actual Forecast
ended June 30,
2026
Revenue $ 41,321 $ 44,234 $ 43,815 $ 44,234
Other income 1,200 -- 1,200 --
Other revenue
from services 73 -- 73 --
HAP Backstop 1,500 -- 1,500 --
Normalization
of rent
concessions 713 441 713 441
Income Support -- -- 417 --
Revenue
Adjusted 44,807 44,675 47,718 44,675
Property tax
expense (13,790) (13,208) (14,337) (13,208)
Fair value
adjustment to
investment
properties
(IFRIC
21) 7,320 6,644 10,410 6,644
(6,470) (6,564) (3,927) (6,564)
Fair value -- -- (2,998) --
adjustment to
investment
properties
related
to IFRIC 21,
included in
acquisition
costs(1)
(6,470) (6,564) (6,925) (6,564)
Property
operating
costs,
excluding
property tax
expense (5,859) (5,836) (6,056) (5,836)
Adjustment for
related costs
associated
with suite
upgrades 290 -- 290 --
NOI Adjusted $ 32,768 $ 32,275 $ 35,027 $ 32,275
NOI Adjusted
Margin 73.1 % 72.2 % 73.4 % 72.2 %
(1) This amount represents the fair value adjustment for
IFRIC 21 amounts associated with acquisition costs
involving the acquisitions of 7 Dey Street and the
Ivy Tower.
Same Property Total Portfolio
Portfolio
Six months Actual Forecast Actual Forecast
ended June 30,
2026
Revenue $ 81,943 $ 88,225 $ 84,437 $ 88,225
Other property
revenue 2,160 -- 2,160 --
Other income 1,200 -- 1,200 --
Other revenue
from services 300 -- 300 --
HAP Backstop 3,000 -- 3,000 --
Normalization
of rent
concessions 2,481 1,674 2,481 1,674
Income Support -- -- 417 --
Revenue
Adjusted 91,084 89,899 93,995 89,899
Property tax
expense (13,790) (13,208) (14,337) (13,208)
Fair value
adjustment to
investment
properties
(IFRIC
21) 841 81 3,931 81
(12,949) (13,127) (10,406) (13,127)
Fair value -- -- (2,998) --
adjustment to
investment
properties
related
to IFRIC 21,
included in
acquisition
costs(1)
(12,949) (13,127) (13,404) (13,127)
Property
operating
costs,
excluding
property tax
expense (12,027) (11,682) (12,224) (11,682)
Adjustment for
related costs
associated
with suite
upgrades 350 -- 350 --
NOI Adjusted $ 66,458 $ 65,090 $ 68,717 $ 65,090
NOI Adjusted
Margin 73.0 % 72.4 % 73.1 % 72.4 %
(1) This amount represents the fair value adjustment for
IFRIC 21 amounts associated with acquisition costs
involving the acquisitions of 7 Dey Street and the
Ivy Tower.
EBITDA and EBITDA Adjusted
Three months ended Six months ended
June 30, 2026 June 30, 2026
Net income and comprehensive
income $ 7,587 $ 51,367
Add (deduct) impact of the
following:
Interest expense and other
finance charges 25,911 49,494
Amortization of intangible asset 92 183
Fair value adjustment to
investment properties 10,244 8,406
Fair value adjustment to
investment properties related
to IFRIC 21, included in
acquisition costs(1) (2,998) (2,998)
Fair value adjustment to OpCo
Units (6,462) (48,877)
Fair value adjustment to
financial instrument (4,739) (4,739)
Fair value adjustment to
derivative liability 2,648 9,723
Unrealized gain on foreign
currency translation (4,480) (9,577)
Adjustment to bargain purchase
gain 189 607
Interest income (1,340) (2,077)
$ 26,652 $ 51,512
HAP Backstop 1,500 3,000
Other revenue from services 73 300
Normalization of rent
concessions 713 2,481
Legal and other professional
fees related to prospectus
and other securities offerings 905 2,057
Income Support 417 417
Adjustment for related costs
associated with suite
upgrades 290 350
General and administration costs
associated with suite
upgrades 147 353
EBITDA Adjusted $ 30,697 $ 60,470
(1) This amount represents the fair value adjustment for
IFRIC 21 amounts associated with acquisition costs
involving the acquisitions of 7 Dey Street and the
Ivy Tower.
Debt to Gross Book Value
June 30, 2026 December 31, 2025
Debt $ 1,727,559 $ 1,349,310
Gross Book Value $ 3,227,179 $ 2,781,763
Debt to Gross Book Value 53.5 % 48.5 %
Debt to Gross Book Value, Excluding
Excess Cash Held
for Investment Property
Acquisitions 52.8 % 48.5 %
Forward-Looking Statements
This press release contains "forward-looking information" as defined under Canadian securities laws (collectively, "forward-looking statements"). This document should be read in conjunction with material contained in the REIT's condensed consolidated interim financial statements for the three and six months ended June 30, 2026, along with the REIT's other publicly filed documents. Forward-looking statements appear in this MD&A and include, but are not limited to, statements which reflect management's expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects, opportunities of the REIT (including acquisitions, capital recycling, capital redevelopment, and rental rate increases), macroeconomic and industry trends (including those relating to job growth, population growth, vacancy and residential occupancy rates and levels). The words "plans", "expects", "does not expect", "goals", "seek", "strategy", "future", "estimates", "intends", "anticipates", "does not anticipate", "projected", "significant", "believes" or variations of such words and phrases or statements to the effect that certain actions, events or results "may", "will", "could", "would", "should", "might", "likely", "occur", "be achieved" or "continue" and similar expressions identify forward-looking statements. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking statements. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances.
Material factors and assumptions used by management of the REIT to develop the forward-looking information in this news release include, but are not limited to, the REIT's future growth potential, results of operations, future prospects and opportunities, demographic and industry trends, no change in legislative or regulatory matters, future levels of indebtedness, the tax laws as currently in effect, the continuing availability of capital, current economic conditions, the REIT having sufficient cash to pay its distributions, and the REIT completing the recently announced H&R Transaction.
Although management believes the expectations reflected in such forward-looking statements are reasonable and represent the REIT's internal expectations and beliefs at this time, such statements involve known and unknown risks and uncertainties and may not prove to be accurate and certain objectives and strategic goals may not be achieved. A variety of factors, many of which are beyond the REIT's control, could cause actual results in future periods to differ materially from current expectations of events or results expressed or implied by such forward-looking statements, such as the risks discussed or referenced under the heading "Risks and Uncertainties" in the REIT's most recent Management's Discussion & Analysis available at www.sedarplus.com. Readers are cautioned against placing undue reliance on forward-looking statements.
Certain statements included in this press release may be considered a "financial outlook" for purposes of applicable Canadian securities laws, and as such, the financial outlook may not be appropriate for purposes other than to understand management's expectations relating to the REIT, as disclosed in this press release. There can be no assurance that actual results, performance or achievements will be consistent with these forward-looking statements. Except as required by applicable Canadian securities laws, the REIT undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made.
SOURCE GO Residential Real Estate Investment Trust
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