Northview Residential REIT Announces January Distribution

Northview Residential REIT (NRR-UN.TO) has announced its January 2024 cash distribution amounts on its outstanding Class A Units, Class C Units, and Class F Units (collectively, the "Units") in the amount of C$0.091146 per Unit (C$1.09 per Unit on an annualized basis). The distribution will be payable on February 15, 2024, to holders of Units of record at January 31, 2024.

The REIT, established pursuant to a declaration of trust under the laws of the Province of Ontario, is focused on acquiring, owning, and operating a portfolio of income-producing rental properties in secondary markets within Canada. Northview Residential REIT's primary purpose is to provide unitholders with a stable and growing income stream, while also offering potential for long-term capital appreciation.

Northview Residential REIT's January distribution announcement comes on the heels of a strong 2023, during which the REIT reported multi-residential same door NOI growth of 7.8% and Western Canada occupancy gains of 390 basis points. These positive results reflect the REIT's successful execution of its business strategy, focusing on acquiring and managing high-quality rental properties in secondary markets.

The REIT's consistent distribution policy, coupled with its strong financial performance, has contributed to its attractiveness as an investment option for income-oriented investors. Northview Residential REIT's high dividend yield of 7.55% and its commitment to maintaining a stable and growing distribution provide investors with a compelling reason to consider the REIT as part of their investment portfolio.

In conclusion, Northview Residential REIT's January distribution announcement underscores the REIT's commitment to providing unitholders with a stable and growing income stream. With its strong financial performance, consistent distribution policy, and attractive dividend yield, Northview Residential REIT remains an attractive investment option for income-oriented investors seeking exposure to the Canadian residential real estate sector.