BlackBerry selling 3M+ sq. feet of real estate, shares +4.1% AH

|About: BlackBerry Ltd. (BBRY)|By:, SA News Editor

BlackBerry (BBRY) plans to unload the majority of its Canadian real estate holdings via sale-leaseback and vacant asset sale transactions. The properties being sold feature 3M+ sq. feet of space. (PR)

CEO John Chen says BlackBerry "remains committed to being headquartered in Waterloo and having a strong presence in Canada along with other global hubs." Following its huge job cuts, the company needs much less office space than it once did.

Shares are adding to the gains they saw in regular trading following the DoD's vote of confidence.