Parkit Enterprise Inc. (V:PKT)
Business Focus: Industrial Real Estate Rental & Development
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Latest 10 SEDI filings for PKT within the last 6 months
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Company News
Apr 02, 2024 20:27 ET
Parkit Completes Acquisition of Industrial Asset in Winnipeg
Toronto, Ontario--(Newsfile Corp. - April 2, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") is pleased to announce that, further to its November 15, 2023 news release, it has completed the acquisition of one industrial asset from a vendor ("Vendor") for an aggregate purchase price of $6,300,000, subject to customary adjustments (the "Acquisition").
Mar 25, 2024 14:52 ET
Parkit Announces Normal Course Issuer Bid
Toronto, Ontario--(Newsfile Corp. - March 25, 2024) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit" or the "Corporation") is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange to renew its Normal Course Issuer Bid ("NCIB") to purchase for cancellation, during the 12-month period starting March 28, 2024, up to 11,394,158 of the outstanding common shares of the Corporation (the "Common Shares"), representing 5% of the Common Shares outstanding. The program will end on March 27, 2025 unless the maximum amount of Common Shares is purchased before then or Parkit provides earlier notice of termination.
Valuation Ratios
Industry
Sector
Beta
2.05
--
--
Price to Sales - TTM
5.79
5.79
3.21
Price to Book - most recent quarter
0.90
0.90
1.17
Price to Cash Flow per share - TTM
--
--
10.28
Price to Free Cash Flow per share - TTM
8.92
8.92
21.13
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 11,105 | 306 |
| Mar 31, 2024 | 10,799 | -10,703 |
| Mar 15, 2024 | 21,502 | 1,406 |
Business Summary
| Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
Parkit Enterprise Inc. offers an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key markets in Canada. In addition, it has parking assets across markets in the United States. Its segments include Industrial properties and Parking properties. The Industrial properties is engaged in the acquisition, management, and growth of industrial real estate in key markets in Canada. The Parking properties is engaged in the acquisition and management of income-producing parking facilities across the United States. Its industrial assets include 1551 Parisien Street, Ottawa, Ontario; 5610 Finch Ave East, Toronto, Ontario; 195 Henderson Dr, Regina, Saskatchewan, 961-975 Sherwin Rd, Winnipeg, and others. Its parking assets include Fly-Away Airport Parking, Z Airport Parking, Chapel Square Garage and Canopy Airport Parking Lot. Its portfolio also includes 1151 Parisien Street, 2 Ramm Ave, 1725 Inkster Blvd and more.
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