Reports Q1 CAD 45c vs. 60c last year. “NREF is pleased to announce another strong quarter, showcasing consistent and resilient earnings across our primary property types. In an environment where banks and traditional lenders are often preoccupied with credit challenges, we remain proactive and committed. Our ability to allocate capital in this challenging credit market allows us to capitalize on market opportunities and deliver long-term value to our shareholders,” commented Chief Investment Officer Matthew McGraner.