REITs continue big rebound after COVID dip: RBC’s Blair

Canadian real estate investment trust (REIT) and real estate operating company (REOC) performances have made a dramatic comeback since the early dark days of the pandemic. RBC Capital Markets Real Estate Group managing director Carolyn Blair did a deep dive into the numbers during a Sept. 28 presentation as part of the virtual RealREIT conference. […]

Notice of Court Hearing re Virtual AGM

KPREIT has successfully applied to the Courts, along with a number of other listed Companies, to have the Jamaica Stock Exchange represent us in an application for permission to hold a Virtual AGM. Please click below joined with the JSE in seeking an Application before the Courts to allow for electronic meetings. The Application to […]

Kingston Properties Limited (KPREIT) Considers Dividend

Kingston Properties Limited (KPREIT) has advised that their Board of Directors will consider a dividend payment to its shareholders at a meeting scheduled for January 26, 2021.

Kingston Properties to tap equities market again this year

Kingston Properties (KPREIT) is headed back to the equities market this year for additional funding for expansion. In a letter to shareholders published on the Jamaica Stock Exchange on Tuesday, KPREIT CEO, Kevin Richards said the company is returning to the capital markets in 2021 to “take advantage of more attractive assets that meet our […]

Kingston Properties considering APO

Ever since the JMMB Group succeeded in raising new capital via an additional offer of ordinary shares last year, local companies have been lining up to follow suit as they seek funding for expansion. Kingston Properties Limited (KPREIT) is the fourth company to prepare for such an offer, the others being Proven Investments Limited and […]

Kingston Properties Limited (KPREIT) – Share Capital Increase

Kingston Properties Limited (KPREIT) has advised that at a meeting of its Board of Directors held on October 27, 2020, the Board agreed to recommend to shareholders that the maximum number of authorized shares of the Company be increased from 1,000,000,000 ordinary shares to 2,000,000,000 ordinary shares. KPREIT further advised that the recommendation is in […]

KPREIT Acquires Another Warehouse Property in Jamaica

Kingston Properties Limited (JSE Symbol: KPREIT) has completed the acquisition of an 88,000 SF warehouse property on just under four (4) acres of land in Kingston’s Industrial belt. The purchase was funded from cash resources for a consideration of $607.5 million on a sale and leaseback basis. KPREIT CEO, Kevin Richards says that the purchase […]

Kingston Properties Limited (KPREIT) – Board Resignation

Kingston Properties Limited (KPREIT) has advised that Mrs Meghon Miller-Brown has resigned as a member of the Board and the Audit Committee of the Company, with effect from September 1, 2020. “KPREIT thanks Mrs. Miller Brown for her invaluable contribution to the Board and the Audit Committee and wishes her all the very best. Mrs. […]

Kingston Properties buys Cayman complex for US$10.7 million

Kingston Properties Limited (KPREIT) has acquired Harbour Centre, a multi-story office building in the Cayman Islands, it’s third acquisition in the British overseas territory since January 2017. The property was acquired for a consideration of approximately US$10.7 million, making it the single largest acquisition by KPREIT in its 12-year history. Based in Grand Cayman, Harbour […]

KPREIT will continue to boost cash holdings amid COVID-19

Kingston Properties Limited (KPREIT) says it expects varied recovery responses in its main markets of Jamaica, the Cayman Islands and the US during the coronavirus (COVID-19) pandemic. Overall, the company is expecting a prolonged period of low interest rates globally, as many economies struggle to recover from containment measures such as lockdowns, curfews and travel […]