Skyline Industrial REIT reports a strong 2023 with $388.68 million in transactions and outlines key focuses for 2024

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Guelph, Ontario, Jan. 09, 2024 (GLOBE NEWSWIRE) — Skyline Industrial REIT, a Guelph, Ontario-based Real Estate Investment Trust (REIT) focused on acquiring, managing, and developing modern warehouse and logistics facilities across Canada, is pleased to announce another successful and transformative year.

Economic uncertainty amid the rising interest rate and the inflationary environment through 2023 has posed challenges for many industries, including the real estate sector. However, Skyline Industrial REIT has successfully managed these hurdles, in no small part due to the REIT’s robust and diverse tenant portfolio comprised of both near-term, under-market leases and long-term tenants with built-in rental rate increases. The REIT also credits its selective and opportunistic acquisition strategy, strong development partner relationships, and an influx of capital from the completion of its strategic dispositions for its stable performance throughout the past year.