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Leon's Furniture considers launching REIT backed by warehouses, development sites

Retailer says proposed move would seek to unlock value from owned real estate
Leon's Furniture's headquarters and distribution facility at 45 Gordon Mackay Road in Toronto forms part of the company's $1.17 billion real estate portfolio. (CoStar)
Leon's Furniture's headquarters and distribution facility at 45 Gordon Mackay Road in Toronto forms part of the company's $1.17 billion real estate portfolio. (CoStar)
CoStar News
August 31, 2026 | 3:19 P.M.

Home furnishing retailer Leon's Furniture said an independent appraisal valued its Canadian property at about $1.17 billion as the firm considers launching a real estate investment trust from its holdings.

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