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CT REIT CT REIT Announces Strong First Quarter 2021 Results • Delivers 7.5 % growth in AFFO per unit for the first quarter • Announces six new investments totalling $ 40.2 million - Toronto , Ontario , May 10 , 2021 CT Real Estate Investment Trust ( " CT REIT " or " the REIT " ) ( TSX : CRT.UN ) today reported its consolidated financial results for the first quarter ending March 31 , 2021 . " CT REIT's growth and resilience drove strong results in Q1 , again demonstrating the core attributes of our strategy and business model , " said Ken Silver , CEO of CT REIT . " As we navigate the pandemic's third wave , we continue to manage the ongoing impacts of the crisis , while investing in our future growth . " New Investment Activity Today , CT REIT announced six new investments , which will require an estimated $ 40.2 million to complete . The investments are , in aggregate , expected to earn a weighted average cap rate of 6.40 % when completed and represent approximately 162,000 square feet of incremental gross leasable area ( " GLA " ) . CT REIT is funding these investments through the issuance of Class B LP Units and / or Class C LP Units to Canadian Tire Corporation ( " CTC " ) , cash and / or draws on its credit facilities or any combination thereof . The table below summarizes the new investments and their anticipated completion dates :