Partners Real Estate Investment Trust
PTSRF
Other OTC- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Real Estate
- Industry
- REIT - Retail
- Address
- IPO Date
- Feb 15, 2013
- Similar Companies
- Business
- Partners Real Estate Investment Trust (TSX: PLT.UN; OTC: PTSRF) owns and manages a diversified portfolio of multi-residential real estate properties, including conventional rental apartment buildings, townhouses, and affordable housing units across Canada. The company offers property management services, leasing operations, and tenant support through its subsidiaries; it focuses on value-add strategies such as renovations, repositioning, and redevelopment to enhance occupancy and net operating income. Partners REIT operates primarily in Ontario, Quebec, Nova Scotia, New Brunswick, and Alberta, targeting middle-income renters and institutional investors seeking stable income-generating assets. Founded in 2003 and headquartered in Toronto, Ontario, the Trust maintains a structure with Partners Limited Partnership as its operating entity and no controlling parent company. In recent developments, Partners REIT completed the acquisition of a 1,456-suite portfolio in Atlantic Canada from Plaza Retail REIT in late 2023, marking its largest expansion into the region and increasing its total suites to over 4,300. The company launched a new affordable housing initiative in 2024, securing government subsidies for select properties to address housing shortages amid rising demand. Additionally, Partners REIT announced a strategic refinancing of its credit facilities in mid-2025, extending maturities and lowering interest costs to support ongoing acquisitions and capital improvements.