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Parkit Enterprise ( (TSE:PKT) ) has shared an update.
Parkit Enterprise Inc. has completed the acquisition of an industrial asset in Boisbriand, Quebec, for $10,250,000. The property includes a 62,680-square-foot industrial building with two tenants and a WALT of 9.3 years, enhancing Parkit’s Quebec portfolio. This acquisition is expected to provide strong cash flows and rental growth, further scaling the company’s operations in Quebec.
More about Parkit Enterprise
Parkit Enterprise Inc. is an industrial real estate platform focused on the acquisition, growth, and management of strategically located industrial properties across key urban markets in Canada. Additionally, the company holds parking assets in various markets in the United States. Parkit’s common shares are listed on the TSX-V under the symbol PKT.
YTD Price Performance: -7.80%
Average Trading Volume: 17,170
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $85.46M
Learn more about PKT stock on TipRanks’ Stock Analysis page.