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CT REIT CT REIT Announces Fourth Quarter and Year - End 2020 Results • Delivers 3.2 % growth in AFFO per unit for the fourth quarter • Announces four new investments totalling $ 65 million • 99.4 % of January 1st rental obligations fulfilled Toronto , Ontario , February 8 , 2021 - CT Real Estate Investment Trust ( " CT REIT " or " the REIT " ) ( TSX : CRT.UN ) today reported its consolidated financial results for the fourth quarter and year - end ending December 31 , 2020 . " In 2020 , CT REIT delivered solid growth in AFFO per unit , increased occupancy , achieved positive same property NOI growth , and increased its distribution , while effectively managing the risks presented by the pandemic , " said Ken Silver , President and CEO , CT REIT . " We enter 2021 in a strong and resilient financial position . We consider the REIT to be well - positioned to weather the pandemic's ongoing challenges and are moving forward with the next leg of our growth strategy . " " Recognizing his key leadership role in advancing and delivering on the REIT's strategy , I am delighted to announce the promotion of Kevin Salsberg to President and Chief Operating Officer , effective March 1 , 2021 , " added Silver . New Investment and Disposition Activity Today , CT REIT announced four new investments , which will require an estimated $ 65 million to complete . The investments are , in aggregate , expected to earn a weighted average cap rate of 6.41 % when completed and represent approximately 510,000 square feet of incremental gross leasable area ( " GLA " ) . CT REIT has , or will be , funding these investments through the issuance of Class B LP Units and / or Class C LP Units to CTC , cash on hand and / or draws on its credit facilities or any combination thereof . The table below summarizes the new investments and their actual or anticipated completion dates :