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Parkit Enterprise ( (TSE:PKT) ) has issued an update.
Parkit Enterprise Inc. has completed the sale of its remaining Winnipeg industrial property, a 24,665-square-foot building at 555 Camiel Sys, to PRO Real Estate Investment Trust for $5.35 million, or $217 per square foot, with a portion of the consideration paid in PROREIT trust units. Through this transaction, Parkit increased its equity stake in PROREIT to approximately 10.4% of the combined trust and special voting units, underscoring its strategic, long-term investment relationship with the REIT and reinforcing its positioning in the Canadian industrial real estate market while exiting a non-core asset in Winnipeg.
The most recent analyst rating on (TSE:PKT) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Parkit Enterprise stock, see the TSE:PKT Stock Forecast page.
More about Parkit Enterprise
Parkit Enterprise Inc. is an industrial real estate platform focused on acquiring, growing and managing strategically located industrial properties across key urban markets in Canada, complemented by a portfolio of parking assets in various U.S. markets. The company’s common shares trade on the TSX Venture Exchange under the symbol PKT, positioning it as a specialized player in North American industrial and parking real estate.
Average Trading Volume: 59,783
Technical Sentiment Signal: Sell
Current Market Cap: C$119.8M
For detailed information about PKT stock, go to TipRanks’ Stock Analysis page.