VANCOUVER, BC / ACCESS Newswire / May 29, 2026 / AIP Realty Trust (the "Trust" or "AIP Realty") (TSXV:AIP.U) today announced its financial results for the three months ended March 31, 2026. All dollar amounts are stated in U.S. dollars.
Q1 2026 Highlights
The demand for light industrial flex facilities is continuing to drive rental rate increases, and Eagle Court is demonstrating robust leasing momentum. While the Trust aims to minimize vacancies and has been successful in this endeavor, unit turnover provides an opportunity to update suite revenue per square foot and bring it in line with current market conditions. New leases signed in at Eagle Court have seen an average 19% increase in suite revenue per square foot.
Investment property revenue was $121,697 for the three months ended March 31, 2026, compared to $124,232 in the same period in 2025, a decrease of $2,535, or 2%. The decline in investment property revenue was primarily due to a decline in miscellaneous income from permitting assistance and other one-time charges as compared to 2025.
Investment property operating expense for the three months ended March 31, 2026, decreased to $44,494, compared to $64,742 for the three months ended March 31, 2025, a decrease of $20,148, or 31%. The decrease in investment property operating expense was primarily due to a decrease in maintenance and repair expense, along with a reduction in miscellaneous expense, primarily from fire and safety inspection charges in 2025, with no comparable amount in 2026.
