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Parkit reports 38% growth in funds from operations despite a 15% drop in net rental income in Q1 2026.

Company Fundamentals
07 May 2026
Newsfile Corp
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Bullish
pluang ai news

Parkit Enterprise Inc. reported a 38% increase in funds from operations (FFO) to $2.33 million in Q1 2026, driven by new leases and higher occupancy in its industrial properties. Although net rental income fell 15% to $4.14 million due to changes in property holdings, same property net operating income grew 5%, reflecting strong demand and lease renewals with a 21% average rent increase. The company maintains strong liquidity with over $8.1 million in cash and fixed debt, positioning it well for disciplined acquisitions and further growth in revenue and cash flow. Parkit continues to focus on expanding its industrial real estate portfolio while optimizing its parking assets.

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