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CT REIT CT REIT Announces Strong Second Quarter 2021 Results • Delivers 8.2 % growth in AFFO per unit for the second quarter • Announces five new investments totalling $ 60.3 million • Previously announced 4.5 % distribution increase took effect June 2021 Toronto , Ontario , August 9 , 2021 - CT Real Estate Investment Trust ( " CT REIT " or " the REIT " ) ( TSX : CRT.UN ) today reported its consolidated financial results for the second quarter ending June 30 , 2021 . " CT REIT's track record throughout the pandemic has demonstrated that its core attributes generate attractive results across a range of economic conditions , " said Ken Silver , CEO of CT REIT . " During the second quarter , we once again delivered strong financial results , a robust balance sheet and debt metrics , and growth in distributions . As vaccination rates reach significant milestones and the economy reopens , we continue to build our pipeline of compelling investment and development opportunities . " New Investment Activity Today , CT REIT announced five new investments , which will require an estimated $ 60.3 million to complete . The investments are , in aggregate , expected to earn a weighted average cap rate of 6.52 % when completed and represent approximately 266,000 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 .