Artis REIT (TSX: ALA, OTC: ATGFF) announced solid third quarter due to its newly acquired Madison Lifestyle portfolio. The C$66 million acquisition also helped improve its total occupancy to 92.9% compared to 92.7% last year.

Total revenues increased 6.2% year-over-year to C$148.9 million. The company recorded funds from operations (FFO) of C$0.41 per united, up two cents or 5.1%, compared to the same period in 2015.

Canadian Apartment Properties REIT (TSX: CAR-U, OTC: CDPYF) reported strong portfolio growth and operating results in the third quarter.

Revenues came in at C$151.8 million, up C$20 million, or 15.2% compared to last year. The results were driven by contributions from its acquisitions, higher average monthly rents and continued strong occupancy levels. Revenues for the first nine months are up 13.6% to C$444.1 million.

During the quarter CAPREIT made 1,981 accretive acquisitions, bringing its total portfolio to 48,100 units. Total portfolio occupancy improved 98.7%, compared to 98% in 2015, with average monthly rents increasing 2.7% year-over-year to C$999 per month.

Normalized FFO came in at C$62.2 million, or C$0.47 per unit, compared to C$51.8 million, or C$0.44 per unit in 2015. Third-quarter payout ratio strengthened to 67.5%, compared to C$70.7% in 2015. The company’s payout ratio for the first nine months have improved to 70.4% compared to 72.5% for the same period last year.

DH Corp.’s (TSX: DH, OTC: DHIFF) share price dropped 50% to a 52-week low of $14.06 in November, following a late October announcement that it would cut its quarterly dividend 65% to C$0.12 per share.

While a dividend cut is never welcome news, the cut allows the company to free up about C$85.5 million which management plans use to reduce debt and repurchase shares. This has led analysts at TD Securities to upgrade DH Corp from a Hold to a Buy, citing the prospect that lower debt will free up capital for growth investments.

DH’s management also alleviated some near-term uncertainty by renegotiating the firm’s debt covenants with lenders. The company announced agreements to amend its debt covenants which will require it to maintain a structured total net funded debt-to-EBITDA ratio of 3.5 to 1 through 2017. The ratio will drop progressively through 2018 and level off at 3.0 to 1 beyond 2018.

Shares of DH Corp have gained about 10% in the past 30 days. The company’s new dividend equates to a yield of 2.5% at current trading price of $19.

Enercare (TSX: ECI, OTC: CSUWF) reported third-quarter revenues jumped 117% to C$315.9 million in its first full quarter since its acquisition of Service Experts, which contributed C$162.3 million to its top line.

EBITDA for the quarter increased by 32% to C$74 million.

Magna International (TSX: MG, NYSE: MGA) reported record sales of C$8.85 billion in the third quarter, up 16% compared to C$7.66 in 2015. The results were surprising, considering a 1% rise in light vehicle production growth in North America and a 2% decline in light vehicle production in Europe.

Diluted earnings from continuing operations improved 14% year-over-year to C$1.29 per share.