Q3 has come and gone already? Time flies for REITs having fun. Here's a look at how five trusts enjoyed the quarter that was.

1. Allied Properties REIT

Highlight: Normalized AFFO for Q3 was $35.9M, up 0.2% from the same period last year.

Portfolio: Total assets worth $5.1B, with 155 properties and total rental GLA of 11.8M SF in nine cities nationwide.

Big deals: Acquired 47 Front St E (above) for $6.5M in July, followed by the purchases of 642 King St W ($25M) and 461 King St W ($84.6M). Subsequent to the third quarter's end, Allied reached an agreement to buy 387-391 Adelaide St W for $8.2M.

2. RioCan REIT

Highlight: Operating funds from operations of $131M, up 16.1% from the same period last year.

Portfolio: Canada's largest REIT—with a total enterprise value of $15B—has ownership interests in 301 retail / mixed-use properties.

Big deals: Amid a refocus on Canadian real estate, the REIT acquired CPPIB's interest in four properties. Since last September it's taken a stake in $1.2B of income-producing properties. Along with its JV partners, RioCan sold its interest in the residential component of The Well.

3. Agellan Commercial REIT

Highlight: AFFO of $6.8M for Q3, up 10.8% from the same period last year.

Portfolio: About 5M SF of GLA across 33 properties, primarily in major urban markets in the US and Canada.

Big deal: Reached agreements with private purchasers to sell a stake in a new Porsche Cars Canada dealership / corporate HQ at its Parkway Place complex on Consumers Road (above). The deal is expected to close in 2017 subject to the REIT substantially completing construction of the dealership.

4. Slate Office REIT

Highlight: AFFO for Q3 was $9M, up 8.4% from the same period last year.

Portfolio: Stable of 35 office assets, including Gateway Centre in Markham, acquired in June.

Big deal: Paid $12.3M for 365 Hargrave St in Winnipeg (above), a 90.1%-occupied 71k SF office building leased to the Government of Canada through 2025. Also invested $73.4M to increase to 100% its ownership of The Places, three office buildings in St. John’s, NL.

5. Smart REIT

Highlight: AFFO of $78.6M for the quarter, down 1.2% from the same period last year.

Portfolio: Total assets of $8.6B; owns and manages 31M SF of principally Walmart-anchored retail centres. Also a JV partner in the Toronto Premium Outlets with Simon Property Group.

Big deals: KPMG Tower, the first office building at Vaughan Metropolitan Centre, opened for business last month. In Q2, the trust announced plans for a second mixed-use office tower, with PwC as lead tenant. Discussions continue for VMC's first res development—two towers and 500k SF.