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CT REIT CT REIT Announces Strong Third Quarter 2021 Results • Delivers 6.5 % growth in adjusted funds from operations per unit for the third quarter • Announces nine new investments totalling $ 109.5 million Toronto , Ontario , November 8 , 2021 - CT Real Estate Investment Trust ( " CT REIT " or " the REIT " ) ( TSX : CRT.UN ) today reported its consolidated financial results for the third quarter ending September 30 , 2021 . " I am pleased with our strong third quarter results and our active acquisition and development program , ” said Ken Silver , CEO , CT REIT . " We have successfully sourced attractive new investment opportunities that contribute to our key growth drivers and complement our existing quality portfolio of net lease assets . We also continue to add to our pipeline of Canadian Tire Corporation ( CTC ) developments . Our strategic relationship with CTC enables us to play a key role in meeting the real estate requirements of Canadian Tire's store network , which is a critical element of CTC's omni - channel strategy . " New Investment Activity Today , CT REIT announced nine new investments , which will require an estimated $ 109.5 million to complete . The investments are , in aggregate , expected to earn a weighted average cap rate of 6.31 % when completed and represent approximately 449,000 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 CTC , cash and / or draws on its credit facilities or any combination thereof . Subsequent to the quarter , CT REIT completed the acquisition of a Walmart Supercentre anchored property from a third party in Halifax , Nova Scotia . In addition , CT REIT has entered into an agreement to acquire two Canadian Tire stores from a third party in Airdrie , Alberta and Beauport , Quebec . These new investments are anticipated to close in the fourth quarter and remain subject to customary closing conditions .