04:25 PM EST, 01/21/2025 (MT Newswires) -- Canadian Net Real Estate Investment Trust (NET-UN.V) Tuesday after close of trade said it acquired three properties in Saguenay, Quebec for $12 million.

The properties include a grocery store operating under the IGA banner, a pharmacy under the Jean-Coutu banner, and a bank operated by National Bank of Canada.

"We are excited to announce the acquisition of three more single-tenant properties to our portfolio, which will be immediately accretive on an FFO per unit basis," said chief executive Kevin Henley. "These acquisitions align perfectly with our strategy of acquiring nationally tenanted, triple-net properties in the necessity-based sector."

The REIT's units closed up $0.02 to $5.19 on the TSX Venture Exchange.