CT REIT Announces Strong Fourth Quarter and Year End 2019 Results

Delivers 5.4% growth in AFFO per unit for the fourth quarter

Announces two new investments, totalling $19 million

Adds over 800,000 sq. ft. of GLA to portfolio in 2019

TORONTO, Feb.A 10, 2020 /CNW/ - CT Real Estate Investment Trust (CT REIT) (TSX: CRT.UN) today reported its consolidated financial results for the fourth quarter and year ended DecemberA 31, 2019."In 2019, CT REIT delivered another year of attractive growth and prudent financial management. We added over 800,000 square feet of GLA to the portfolio and increased AFFO per unit by 5.4% in the fourth quarter and by 5.6% for the full year, while strengthening our balance sheet and credit metrics," said Ken Silver, President and CEO, CT REIT. "We also marked other important milestones, such as our inclusion in the S&P/TSX Composite Index and Capped REIT Index, and, subsequent to quarter-end, were pleased to qualify for inclusion in the S&P/TSX Canadian Dividend Aristocrats Index. In addition, we announced our sixth consecutive distribution increase a?? all of which contributed to another very successful year for CT REIT," added Silver.New Investment Activity
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