TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (TSX: GRT.UN) (“Granite”) announced today the recent acquisition of five income-producing properties in the United States comprising approximately 1.2 million square feet at a combined purchase price of approximately $256.1 million (US$185.7 million). The properties were acquired at an in-going weighted average yield of approximately 4.7% and are expected to stabilize at an approximate 6.0% yield within two years. In addition, Granite has acquired an income-producing property on a 15-acre parcel of land in the United Kingdom for the planned future development of a 0.3 million square foot state-of-the-art e-commerce and logistics warehouse.

On December 19, 2025, Granite completed the disposition of three income-producing properties in the United States, comprising 1.7 million square feet, for total proceeds of $189.5 million (US$137.5 million). The properties were identified as part of Granite’s strategic disposition program and were sold at a weighted average in-going yield of 6.1%. As at September 30, 2025, the sold assets were classified as assets held for sale.

Granite also announced today that during the fourth quarter of 2025, Granite entered into new leases for approximately 769,000 square feet of previously vacant space.

Kevan Gorrie, Granite’s President and CEO, commented that, “The transactions announced today reflect a successful execution and rebalancing of the portfolio, including our reentry into the United Kingdom, which we expect in the near term, to generate accretive income and net asset value growth for our unitholders. In addition, recent leasing momentum and an in-place occupancy rate of 98% further underscores the strength and quality of Granite’s portfolio and our ability to provide the best-in-class locations and functionality that cater to tenants’ current requirements.”

201 NW 22nd Avenue, Fort Lauderdale, Florida

On December 17, 2025, Granite acquired a modern distribution facility, comprising 0.2 million square feet in Fort Lauderdale, Florida for $88.5 million (US$64.1 million). The property was constructed in 2018 and is fully leased to an e-commerce 3PL with 1.0 year of term remaining. Acquired at an in-going yield of 3.4%, the property offers a significant mark-to-market opportunity which is expected to stabilize at approximately 6.0%. This last mile facility is strategically located with immediate access to the I-95 and is only 1.5 miles from downtown Fort Lauderdale and Fort Lauderdale International Airport.

7865-7909 Northcourt Road, Houston, Texas

On December 17, 2025, Granite acquired four distribution facilities, comprising 1.0 million square feet in Houston, Texas for $167.6 million (US$121.5 million). The properties are 98% leased to a diverse tenant mix with a weighted average lease term of 3.3 years and were acquired at an in-going yield of 5.4%. Located just north of Highway 290 and inside Beltway 8, the properties benefit from the Northwest submarket’s historically strong demand, low vacancy and near-term mark-to-market income growth potential.

Brackmills Industrial Estate, Salthouse Road, Northampton, United Kingdom

On December 1, 2025, Granite acquired a distribution facility, comprising 0.2 million square feet in Northampton, United Kingdom for $36.2 million (£19.6 million). The property is fully leased to a global logistics company with a remaining term of 2.0 years and was acquired at an in-going yield of 8.4%. Upon expiry, the 15-acre site is planned to be redeveloped into a 0.3 million square foot modern distribution facility and is expected to achieve a yield on cost in excess of 7.0%. The property is located in close proximity to the M1 motorway and is within one of the United Kingdom’s premier regional distribution areas, known as the Golden Triangle.

The six properties were acquired using a combination of net proceeds from Granite’s recent dispositions, borrowings on Granite’s credit facility and cash on hand. Granite’s current liquidity, following the acquisitions and dispositions is approximately $0.9 billion. Granite expects to reduce the current credit facility balance with future asset dispositions and operating cash flow throughout 2026.

Leasing update

In the fourth quarter of 2025, Granite executed approximately 769,000 square feet of new leases consisting of the following:

A new lease for the full building commenced on December 5, 2025 at Granite’s previously vacant approximate 712,800 square foot development property located in Avon, Indiana for a 188 month term with a leading global material handling company.

A lease expansion of approximately 56,000 square feet of previously vacant space commenced on December 31, 2025 at Granite’s approximate 122,500 square foot property in Lebanon, Tennessee for a 91 month term with a national packaging company.

ABOUT GRANITE

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 147 investment properties representing approximately 62.6 million square feet of leasable area.

OTHER INFORMATION

Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval+ (SEDAR+) which can be accessed at www.sedarplus.ca. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Senior Director, Legal & Investor Services, at 647-925-7504.

FORWARD LOOKING INFORMATION

This press release may contain statements that, to the extent they are not recitations of historical fact, constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding Granite’s expectations with respect to the mark to market income growth and the expected stabilized yield of the properties, the development of the property in the United Kingdom and the expected development yield of the project, Granite’s ability to reduce its credit facility balance, dispose of assets or generate operating cash flow and Granite’s plans, goals, strategies, intentions, beliefs, estimates, costs, objectives, economic performance, expectations, or foresight or the assumptions underlying any of the foregoing. Words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “seek”, “objective” and similar expressions are used to identify forward-looking information. Forward-looking information should not be read as guarantees of events, performance or results and will not necessarily be accurate indications of whether or the times at or by which such events, performance or results will be achieved. Undue reliance should not be placed on such statements. Forward-looking information are based on information available at the time and/or management’s good faith assumptions and analyses made in light of its perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances, and are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond Granite’s control, that could cause actual events or results to differ materially from such forward-looking information. Important factors that could cause such differences include, but are not limited to, the mark to market income growth and the expected stabilized yield for the properties., the development of the property in the United Kingdom and the expected development yield of the project, Granite’s ability to reduce its credit facility balance, dispose of assets or generate operating cash flow and the risks set forth in the annual information form of Granite Real Estate Investment Trust dated February 26, 2025 (the “Annual Information Form”) and management’s discussion and analysis of results of operations and financial position for the three months ended September 30, 2025 (the “Q3 MD&A). The “Risk Factors” section of the Annual Information Form and the Q3 MD&A also contain information about the material factors or assumptions underlying such forward-looking statements and forward-looking information. Forward-looking information speak only as of the date the statements and information were made and unless otherwise required by applicable securities laws, Granite expressly disclaims any intention and undertakes no obligation to update or revise any forward-looking information contained in this press release to reflect subsequent information, events or circumstances or otherwise.

Contacts

Teresa Neto, Chief Financial Officer

647-925-7560

or

Andrea Sanelli, Senior Director, Legal & Investor Services

647-925-7504

CLEVELAND, Ohio–(BUSINESS WIRE)–Euclid Chemical, a leading manufacturer of specialty chemical products for the concrete and masonry construction industry, will have a strong presence at two of North America’s premier concrete industry events in early 2026: World of Concrete (WOC) in Las Vegas and the Canadian Concrete Expo (CCE) in Toronto.

Through exhibit participation, educational programming and industry sponsorships at these events, Euclid Chemical will continue its long-standing commitment to advancing concrete performance, durability and innovation across the construction lifecycle.

World of Concrete 2026

Euclid Chemical will exhibit at World of Concrete, taking place January 19–22, 2026, at the Las Vegas Convention Center. Attendees can visit the company at booth #S10605 to connect with industry experts and learn about proven admixture technologies, repair solutions, flooring systems and decorative concrete products designed to meet demanding project conditions.

As part of its involvement at WOC, Euclid Chemical is sponsoring the Quality in Concrete Slabs Luncheon & Forum, held on Wednesday, January 21, from 11:30 a.m. to 1:30 p.m. Hosted in collaboration with WOC360 and the American Society of Concrete Contractors, this popular forum brings together industry leaders to discuss best practices for delivering high-quality concrete slabs, with a focus on performance, constructability and long-term durability.

In addition, Euclid Chemical will also be supporting several high-profile decorative and educational experiences on the show floor, including:

• Decorative Concrete LIVE! – Euclid Chemical is a sponsor of this long-running outdoor demo arena, located in the Silver Lot across from South Hall. Running January 20–22, it showcases innovative residential and commercial concrete finishes, with more than 70 industry artisans demonstrating materials, construction techniques and best practices. The event highlights concrete’s versatility as both a structural and architectural material while offering contractors fresh perspectives on emerging trends.

• Epoxy LIVE! – Euclid Chemical is participating in this immersive, on-floor experience located in South Hall, booth #S13627, during show hours. This event highlights the design possibilities and performance capabilities of resinous flooring systems, including metallic epoxy, simulated terrazzo, broadcast quartz and flake systems. As part of the program, Euclid Chemical is supporting the national Student Design Competition, where student teams collaborate with industry manufacturers to develop creative, real-world flooring concepts that are brought to life on the show floor by professional applicators.

Continuing its support of industry education, Euclid Chemical will again donate a concrete sealer package to the Concrete Industry Management (CIM) Auction at World of Concrete. Proceeds from the annual silent and live auction benefit the CIM program, which offers a four-year bachelor’s degree in concrete industry management and supports multiple universities, scholarships and workforce development initiatives nationwide.

Canadian Concrete Expo 2026

Euclid Chemical will serve as a title sponsor of the Canadian Concrete Expo, held February 11–12, 2026, at The International Centre in Toronto. The company will exhibit at booth #2-539, reinforcing its continued investment in the Canadian concrete market.

A key highlight of Euclid Chemical’s presence at CCE will be two technical presentations delivered by Michael Mahoney, industry expert and Euclid Chemical representative. On Wednesday, February 11, at 1:45 p.m., Mahoney will present Emerging Concrete Admixture Technologies, exploring new fiber-reinforced concrete applications, sustainability considerations, evolving engineering standards and field performance challenges. On Thursday, February 12, at 10:45 a.m., he will present History, Design Tools & Successful Applications of FRC, offering an in-depth look at past, present and future advancements in concrete additives, including design methodologies, testing protocols and real-world performance outcomes.

Media and industry professionals can explore Euclid Chemical’s press kit for additional information on company initiatives, technical resources and upcoming industry events.

About Euclid Chemical

Headquartered in Cleveland, Ohio, Euclid Chemical has served the global building market for more than a century as a leading manufacturer and supplier of specialty products and technical support services for the concrete and masonry construction industry. Its expansive product line includes admixtures, fiber reinforcement, concrete repair products, flooring materials, decorative concrete systems and more. Learn more at www.euclidchemical.com.

Contacts

Media Contact:
Victoria Pishkula-Domozick

vpishkula@roopco.com
216-902-3800

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that it will be releasing its fourth quarter and year end 2025 financial results before market hours on Wednesday, February 11, 2026. Senior management will host a live conference call at 9:00 am ET on Wednesday, February 11, 2026, to discuss the results and ongoing business initiatives of the REIT.

Conference Call Details

The conference call can be accessed by dialing (289) 514-5100 or 1 (800) 717-1738. Additionally, the conference call will be available via simultaneous audio found at https://onlinexperiences.com/Launch/QReg/ShowUUID=C6637850-5D57-4506-8B6C-2E106F0EDFE4&LangLocaleID=1033. A replay will be accessible until February 25, 2026, via the REIT’s website or by dialing (289) 819-1325 or 1 (888) 660-6264 (access code 60811#) approximately two hours after the live event.

About Slate Grocery REIT (TSX: SGR.U / SGR.UN)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

Slate Asset Management is a global investor and manager focused on essential real estate and infrastructure assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners across the real assets space. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SGR-FR

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

MAPLE RIDGE, British Columbia–(BUSINESS WIRE)–#construction–After more than 20 years of building nearly 1,000 homes in Maple Ridge, BC, Epic Homes knows that strong communities depend on skilled people as much as they depend on housing.

That belief is central to Epic Homes’ purpose of Making Things Better – and it’s why the company is launching the Epic Homes Youth Trades Scholarship in 2026 – awarding $1,000 to 3 local high school students attending Maple Ridge Secondary, Samuel Robertson Technical or Garibaldi Secondary.

As one of the community’s largest general contractors, Epic Homes employs over 100 local skilled tradespeople every day across its construction sites. The company also sees firsthand a growing shortage of workers across the construction trades – at the same time that career opportunities in the trades continue to expand.

“The skilled trades are going to be one of the most important and rewarding professions moving forward,” said Epic Homes President Cole Lambert. “For students who are technically inclined and want to use their hands to build real things, the opportunities are endless.”

The scholarship is intended to support students pursuing trade-related education or apprenticeships connected to residential construction, including:

• Carpentry and Framing
• Electrical
• Plumbing and Gas Fitting
• HVAC and Refrigeration
• Roofing and Building Envelope
• Drywall and Finishing
• Concrete and Foundations
• Construction Management and Residential Building Technology
• Trade foundations programs and registered apprenticeships

By supporting local students at the start of their careers, Epic Homes hopes to raise awareness of a viable, fulfilling career path that helps power the future of Maple Ridge.

“The homes we build tomorrow will rely on the students learning these skills today,” Epic Homes President Cole Lambert added. “This scholarship is one way we can help make things better – for individuals, for families, and for the community as a whole.”

Who is Eligible for the Epic Homes Youth Trades Scholarship?

If you’re a student attending Maple Ridge Secondary, Samuel Robertson Technical or Garibaldi Secondary, and are enrolled in a Grade 12 Trades Program with the intention to continue with your Trade in post-secondary education, you are eligible. Contact your school administrator for details on how to apply.

Contacts

Media Contact:
Courtney Ghini, courtney@epichomes.info

TORONTO–(BUSINESS WIRE)–$KNR #esg—Kontrol Technologies Corp. (Cboe CA:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”) announced the results of voting at its annual general meeting of shareholders held on December 30, 2025.

Full details of the matters are set out in the Company’s management information circular dated November 26, 2025, which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

1. ELECTION OF DIRECTORS

Each of the individuals noted in the table below were elected as directors of the Company. Each director elected will hold office until the next annual meeting of Shareholders or until such person’s successor is elected or appointed, unless such person’s office is earlier vacated. The voting results are noted in the table below.

2. APPOINTMENT OF AUDITOR

MNP LLP was appointed as the auditor of the Company until the next annual meeting of the shareholders of the Company or until its successor is duly appointed and the directors of the Company were authorized to fix the remuneration of such auditor. The voting results are noted in the table below.

3. APPROVING THE RENEWAL OF THE COMPANY’S SHARE COMPENSATION PLAN

A resolution, the full text of which is set forth in the management information circular of the Company, approving the renewal of the Company’s “rolling” share compensation plan was passed. The voting results are noted in the table below.

4. APPROVING THE RENEWAL OF THE COMPANY’S STOCK OPTION PLAN

A resolution, the full text of which is set forth in the management information circular of the Company, approving the renewal of the Company’s “rolling” stock option plan was passed. The voting results are noted in the table below.

VOTING RESULTS

	FOR	AGAINST	WITHHELD/ ABSTAIN	NON VOTE	FOR	AGAINST	WITHHELD/ ABSTAIN
Paul Ghezzi	8,988,221	0	801,980	2,375	91.81%	0.00%	8.19%
Claudio Del Vasto	8,982,218	0	807,983	2,375	91.75%	0.00%	8.25%
Andrew Bowerbank	9,306,105	0	484,096	2,375	95.06%	0.00%	4.94%
Danny Carestia	9,306,202	0	483,999	2,375	95.06%	0.00%	4.94%
Joanna Osawe	9,306,205	0	483,996	2,375	95.06%	0.00%	4.94%
Appointment of Auditors	9,704,112	0	88,464	0	99.10%	0.00%	0.90%
Approving the renewal of the Company’s share compensation plan	8,905,204	884,997	0	2,375	90.96%	9.04%	0.00%
Approving the renewal of Company’s stock option plan	8,905,404	884,797	0	2,375	90.96%	9.04%	0.00%

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities and provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi, CEO

info@kontrolcorp.com
11 Cidermill Avenue, Suite 201

Vaughan, ON L4K 4B6

Tel: (905) 766.0400

CALGARY, Alberta–(BUSINESS WIRE)–Mainstreet Equity Corp. (TSX: MEQ) today announces that the Board of Directors of Mainstreet Equity Corp. (Mainstreet) declared a quarterly cash dividend of $0.08 per Common Share of Mainstreet for the quarter ending December 31, 2025, reflecting a 100% increase over the previous quarter’s dividend. The dividend is payable on January 31, 2026 to shareholders of record at the close of business on January 16, 2026.

Mainstreet designates the entire amount of this taxable dividend to be an “eligible dividend” for purposes of the Income Tax Act (Canada). This notice meets the requirements of the Income Tax Act (Canada). Shareholders are encouraged to consult their tax advisors regarding the designation of the eligible dividend.

About Mainstreet Equity Corp.

Mainstreet Equity Corp. (“Mainstreet”) is a Calgary-based real estate operating company, traded on the Toronto Stock Exchange (TSX: MEQ). Mainstreet is a top provider of high-quality, affordable multi-family rental units in western Canada, covering BC, AB, SK, and MB, with year-to-date holdings of over 19,100 units. The company’s long-term value is anchored by a counter-cyclical strategy to aggressively acquire undervalued units at distressed prices, using low-cost capital. Once acquired, Mainstreet rapidly stabilizes the assets to minimize cycle times and boost net operating income. The company employs a 100% organic, non-dilutive growth model, leveraging its robust liquidity position. As at Q4 2025, Mainstreet’s assets were valued at over CDN $3.7 billion based on IFRS value.

Caution Regarding Forward-Looking Information

This press release contains certain forward-looking statements, including, but not limited to, statements relating to the payment of the dividend, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective” and “continue” and words and expressions of similar import. Although Mainstreet believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: general business and economic conditions; cost and timing of the development of existing properties; availability of capital to fund property stabilization programs; risks associated with the real estate industry, including labour availability and costs, costs of renovation, fluctuations in vacancy rates, rent control, fluctuations in utility and energy costs, credit risk of tenants, fluctuations in interest rates and availability of capital; changes in laws and regulations; legal and regulatory proceedings; and the ability to execute strategic plans. Mainstreet does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.

Contacts

For further information: Bob Dhillon, Founder, President & CEO

D: +1 (403) 215-6063

Executive Assistant: +1 (403) 215-6070

100, 305 10 Avenue SE, Calgary, AB T2G 0W2 Canada

TSX: MEQ

https://www.mainst.biz/
https://www.sedarplus.ca

This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact”, “we”, “our” or the “Trust”) today provides a general business update on liquidity, development and strategic initiatives.

Over the last 90 days, we have made significant progress furthering our business plan and preserving and adding value to the Trust.

Strategic Business Plan

The board of trustees have approved a five-year strategic plan which focuses on developing 49 Ontario and Quayside, which are our two milestone projects, in addition to continuing to develop Zibi and Brightwater. The plan includes crystalizing value on almost all of the Trust’s commercial assets and passive investments and selling certain multi-family assets as needed for liquidity. The goal is for the Trust to eventually own approximately 2,300 residential rental units (at share) by 2030, with the multi-family segment comprising approximately 90% of the Trust’s value, approximately 72% of our debt being CMHC Affordable Construction Loan Program (“ACLP”) financing and another 9% being MLI Select CMHC financing. These CMHC financings are valuable as they tend to have long terms and government insurance which facilitates refinancing.

“In 2025, we made significant progress in supporting the Trust’s value. Pursuant to our business plan, we expect the portfolio to be 90% multi-family in Toronto and the National Capital Region by 2030 with stable and low-cost government financing and one of the most attractive multi-family rental portfolios in the industry,” said Michael Cooper, Portfolio Manager. “We have commenced construction of 49 Ontario with low cost 20-year financing, we have significantly advanced the pre-development of Quayside, dramatically increased occupancy in our recently completed purpose-built rentals, reduced our land debt substantially and secured long term corporate debt resulting in a better positioned business as 2025 ended. We expect to build on this momentum throughout 2026.”

49 Ontario

49 Ontario is a 1,226-unit, two-tower purpose-built rental development, including 308 affordable units. Demolition on the site commenced in November and the Trust has now closed on the previously announced government affiliated financing, locking in a 20-year term.

On January 5^th, we completed the sale of a 10% interest in the project to our co-developer and long-term partner, CentreCourt, which will also act as construction manager. CentreCourt’s proven track record of delivering quality residential projects in a cost-efficient and timely manner strengthens execution certainty and aligns long-term interests across the partnership.

With many of the components of the development now in place, we are able to demonstrate the strong achievements to date. We have benefited from the federal government’s waiver of HST on apartment projects as well as the City of Toronto’s waiver of development charges for certain affordable housing projects under the Rental Housing Supply Program. To date, construction tendering and pricing has been encouraging, and management is optimistic that significant project savings will be realized.

49 Ontario is a significant and strategically de-risked investment for the Trust. While interest rates have increased over the past three years, the project’s 20-year debt materially mitigates financing and refinancing risk. With no refinancing required until 2046, the loan’s principal balance is expected to decline by approximately 13% over the term. Assuming annual rental growth of 2.5% (which is well below the historical 20-year average of 3.4%), net operating income is expected to increase by approximately 63% over the loan term. Combined with the principal reduction, growth in net operating income and a government guarantee, these factors should result in a substantially lower loan-to-value ratio at maturity and are expected to facilitate future refinancing requirements.

While the construction costs, the development charge waiver and the HST waiver are permanent, the decline in rents is not. Currently, the decline in immigration and the new supply of condominiums are reducing demand and increasing supply, though the new supply of multi-family units in Toronto is expected to decline substantially over the next few years.

Following the sale of the 10% project interest for $6.5 million, the Trust’s remaining equity value in the development is $58.5 million and we will also recover $4.9 million of pre-development costs. In addition, we own surplus land at the site that is not required for the development, which we intend to sell in 2026.

“With the support of the federal and provincial governments and the City of Toronto, 49 Ontario is well-positioned as we have realized significant development savings that offset current lower rental rates. With this condo cycle coming to an end and a return to historic immigration growth, we anticipate a more constructive rental rate environment during the development period of our new buildings, which ultimately results in a fair return to our unit holders, while also providing new housing adjacent to public transit and over 300 affordable units,” said Michael Cooper, Portfolio Manager.

Quayside

We are making the progress we anticipated at Quayside and estimate that it is about nine months behind the development start of 49 Ontario, subject to various approvals and continued final negotiations. Quayside is also expected to benefit from the HST waiver, development charge waivers and construction savings that have benefited 49 Ontario. Quayside is a two-tower development on Toronto’s waterfront due south of the Distillery District. It will have over 1,100 market rental units as part of a public private partnership with Waterfront Toronto and the City of Toronto and will also include over 500 affordable housing units that are not owned by MPCT. MPCT is expected to own 25% of the development. We expect to provide significant updates on Quayside over the next 90 days.

Reducing Land Loans

At the beginning of 2025, the Trust had $237 million of land loans, at the Trust’s share, for projects that were not under development. Over the course of the year and through early 2026, the Trust has reduced its land loan exposure to $144 million. Further, in 2026 we expect to reduce our land loans by an additional $56 million related to Scarborough Junction, Quayside, Forma West and Lakeshore East. This will reduce our land loans on projects not yet started to $87 million, which primarily comprises Lakeshore East and Forma West. We expect land loans to be reduced by over 60% from the beginning of 2025 to the end of 2026.

Dream Loan Upsize

The Trust previously announced a $15 million loan from Dream Asset Management Corporation (“DAM”), our asset manager, demonstrating DAM’s continued support for Dream Impact. In early 2026, we expect that the facility will be upsized to $50 million and will bear interest at a rate equal to the higher of 10% or 6% above the Canadian Overnight Repo Rate Average. The facility matures in five years and is secured by general and continuing collateral over certain of the Trust’s assets.

2026 Asset Management Fee

Since 2019, the management fees payable to DAM, the Trust’s asset manager, have been settled by the delivery of units of the Trust, which has supported our overall liquidity objectives. The current arrangement to satisfy these fees expired on December 31, 2025, and the Trust and DAM have agreed, subject to necessary TSX, regulatory and unitholder approvals, to settle the 2026 management fee through the issuance of approximately $3.6 million of unsecured convertible debentures. The debentures will be on similar terms to the Trust’s existing 5.75% convertible unsecured subordinated debentures that mature on December 31, 2027. The reduced asset management fee and payment in convertible debentures in lieu of cash preserves liquidity for the Trust, provides it with further financial flexibility to execute on its strategic initiatives and demonstrates DAM’s strong alignment with the Trust’s overall strategy. In aggregate, DAM and its joint actors own 39.3% of the Trust as at January 7, 2026. Information on the proposed fee arrangement will be included in the Trust’s management information circular for its upcoming 2026 annual meeting.

2026 Debentures Extension

The Trust announced today that it has closed on its previously announced agreement to extend and amend certain terms of the Trust’s 5.50% convertible unsecured subordinated debentures due July 31, 2026 (the “2026 Debentures”). All of the Debentures are beneficially owned by certain controlled affiliates of Fairfax Financial Holdings Limited (collectively, “Fairfax”). The maturity date of the 2026 Debentures has been extended from July 31, 2026 to July 31, 2031. In addition, the interest rate of the 2026 Debentures will change from 5.50% to 6.50% for periods commencing on February 2, 2026 and the conversion price of the Debentures has been adjusted to $2.75 per unit. Under the amended terms of the 2026 Debentures, the Trust has the right at its sole option to satisfy any conversion request in cash in lieu of delivering units of the Trust that would otherwise be issuable on conversion of the 2026 Debentures. The 2026 Debentures will be redesignated as 6.50% convertible unsecured subordinated debentures following the upcoming February 2, 2026 interest payment date.

“The steps taken to reduce our land debt, extend our convertible debt for five years, and increase the loan from DAM are improving our financial position,” said Derrick Lau, Chief Financial Officer. “The commencement of new developments and leasing of recently completed purpose built rental projects continue to support and add value to our portfolio. While we still have much work to do to achieve the plan, given the swift and significant negative changes to the housing market, the steps taken in 2025 and the recently approved strategic business plan provide a road map for a stronger business in the future.”

Board Update

The Trust also announces that Ms. Karine MacIndoe is retiring from the board of trustees of Dream Impact Trust to focus on other ventures and commitments and has also retired from the board of Dream Office REIT. The Trust wishes Karine success in these endeavours.

About Dream Impact

Dream Impact is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities, while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.

Forward-Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “timeline”, “potential”, “strategy”, “targets”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events.

Some of the specific forward-looking information in this press release may include, among other things, statements relating to the Trust’s goals, objectives and strategies to achieve those objectives; our expectations regarding our developments including 49 Ontario, Quayside, Zibi and Brightwater; the Trust’s ability to achieve the items set forth in its five-year strategic plan, including the crystallization of value and disposition of certain assets, the number of units owned by 2030 and the relative percentage of value and debt generated from certain segments and programs; the Trust’s expectations regarding increases to its occupancy and reduction on its land-debt and its ability to continue to best position the business throughout 2026; expectations regarding 49 Ontario including the impact of the partnership with CentreCourt, total development costs, reduction of loan principal over the term, assumptions regarding rental growth rates and its impact on net operating income and the ability to meet refinancing requirements upon loan maturity; expectations regarding the supply of multi-family units in Toronto over time; the Trust’s ability to sell certain undeveloped land at 49 Ontario and the timing thereto; the Trust’s expectations regarding economic cycles including its impact on the condo markets and the rental rate environments; the Trust’s expectations regarding Quayside, including timing, benefits from waivers and construction savings similar to 49 Ontario, the number of units, the Trust’s ownership of the development and anticipated timing for updates thereto; expectations regarding the reduction in land loans including the quantum of reductions, the related projects, the percentage of overall reduction and timing thereto; the expectation that we will be able to upsize our facility with DAM to $50 million; the Trust’s ability to receive necessary approvals to settle the 2026 management fee through the issuance of debentures along with the terms thereto and impact thereof; and the Trust’s expectations that the strategic business plan provides a road map for a stronger business in the future. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Trust’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: adverse changes in general economic and market conditions; liquidity risk; financing and risks relating to access to capital; interest rate risks; public health risks; risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, and international sanctions; inflation; risks related to the imposition of duties, tariffs and other trade restrictions and their impacts; the disruption of free movement of goods and services across jurisdictions; the risk of adverse global market, economic and political conditions and health crises; risks inherent in the real estate industry; risks relating to investment in development projects; impact investing strategy risk; risks relating to geographic concentration; risks inherent in investments in real estate, mortgages and other loans and developments; credit risk and counterparty risk; competition risks; environmental and climate change risks; risks relating to access to capital; interest rate risk; the risk of changes in governmental laws and regulations; tax risks; foreign exchange risk; the risk that corporate activities and reviews will not have the desired impact; acquisitions risk; and leasing risks. Our objectives and forward-looking statements are based on certain assumptions, including that the general economy remains stable; the gradual recovery and growth of the general economy in 2026; that no unforeseen changes in the legislative and operating framework for our business will occur; that there will be no material change to environmental regulations that may adversely impact our business; that we will meet our future objectives, priorities and growth targets; that we receive the licenses, permits or approvals necessary in connection with our projects; that we will have access to adequate capital to fund our future projects, plans and any potential acquisitions; that we are able to identify high-quality investment opportunities and find suitable partners with which to enter into joint ventures or partnerships; that we do not incur any material environmental liabilities; there will not be a material change in foreign exchange rates; that the impact of the current economic climate and global financial conditions on our operations will remain consistent with our current expectations and that inflation and interest rates will not materially increase beyond current market expectations; that no duties, tariffs or other trade restrictions will negatively impact us; our expectations regarding the availability and competition for acquisitions remains consistent with the current climate.

All forward-looking information in this press release speaks as of January 7, 2026, unless otherwise noted. The Trust does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in the Trust’s filings with securities regulators filed on the System for Electronic Document Analysis and Retrieval+ (www.sedarplus.com), including its latest annual information form and MD&A. These filings are also available at the Trust’s website at www.dreamimpacttrust.ca.

Contacts

Derrick Lau
Chief Financial Officer

416 365-2364

dlau@dream.ca

Kimberly Lefever
Director, Investor Relations

416 365-6339

klefever@dream.ca

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07333 per unit for the month of January 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on February 17, 2026 to unitholders of record on January 30, 2026.

About Primaris Real Estate Investment Trust

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 15.2 million square feet, valued at approximately $5.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

For more information:

TSX: PMZ.UN

www.primarisreit.com

www.sedarplus.ca

 

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Claire Mahaney

VP, Investor Relations & Sustainability

647-949-3093

cmahaney@primarisreit.com

Timothy Pire

Chair of the Board

chair@primarisreit.com

SUNNYVALE, Calif.–(BUSINESS WIRE)–#AI–KloudGin announced it has been recognized as a Major Player in the IDC MarketScape: Worldwide AI-Enabled Asset-Intensive Enterprise Asset Management Applications 2025–2026 Vendor Assessment¹.

“We’re honored that IDC MarketScape has recognized KloudGin as a Major Player in enterprise asset management,” said Vikram Takru, CEO and Co-Founder of KloudGin. “We believe this validates our vision of becoming the operating system for utility and public sector operations by bridging all work groups, all work types, and all asset types. By eliminating operational silos, we enable organizations to deliver more reliable, resilient service to the communities they serve.”

Single Face of Work® Delivers Unified Operations

KloudGin’s cloud-native platform provides one unified system for all work — regardless of type, location, or who performs it. The platform manages long-cycle preventive maintenance and short-cycle emergency response, coordinates work across linear distribution networks and vertical facilities, and orchestrates activities by internal crews, contractors, and mutual aid teams. This approach delivers improved asset reliability, enhanced workforce productivity, and reduced operations and maintenance-related expenses.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.

About KloudGin

KloudGin is the leading provider of AI-native field service, construction work, and asset management solutions that connect customers, crews, and assets within a unified platform. KloudGin helps utilities and public sector organizations transform operations through digitalization and optimization of workforces, workflows, and assets, enabling sustainable service excellence. www.kloudgin.com.

____________________
1		IDC MarketScape: Worldwide AI-Enabled Asset-Intensive Enterprise Asset Management Applications 2025–2026 Vendor Assessment, Doc # US52977525, December 2025

 

Contacts

For more information, press only:

Michael Levi

mlevi@kloudgin.com
+1.650.489.5124

HOUSTON–(BUSINESS WIRE)–Chemelex, a global leader in electric thermal and sensing solutions, today announced the successful completion of its acquisition of substantially all the assets and ongoing operations of Electric Heat Trace Group Ltd. (EHT Group), headquartered in Ontario, Canada. This strategic move marks an exciting start to the new year and reinforces Chemelex’s commitment to delivering smarter, data-driven solutions for industrial heat trace systems.

EHT Group is a recognized innovator in heat trace management, offering advanced software, integrated controller solutions, wireless communication modules, and comprehensive field services. Its flagship platform, SmartTrace, is a robust solution available in both cloud-based and on-premises deployments that enables predictive maintenance, minimizes downtime, and provides secure remote monitoring—helping customers achieve greater reliability and operational efficiency.

This endeavor will help Chemelex support greater operational efficiencies for our customers through the following:

• Enhanced Digital Capabilities: SmartTrace strengthens Chemelex’s software portfolio and complements its next-generation Raychem Elexant controllers and Supervisor software. The platform also allows integration with alternative heat tracing control systems.
• Greater Customer Value: Combining EHT Group’s expertise with Chemelex’s global reach delivers improved up-time and actionable insights for global clients.
• Customized maintenance: Through integration with Tracer’s Life Cycle Services, customers can optimize the maintenance and operations of their installed heat-tracing systems.

With the transaction now closed, EHT Group employees have officially joined the Chemelex Projects & Services team, bringing their passion for innovation and deep industry expertise to the organization.

“This acquisition marks a bold step forward for Chemelex and sets the tone for an exciting year ahead. Together, we’ll deliver smarter solutions and greater value to our customers.”

— Martin Lee, VP, Projects & Services at Chemelex

For more information, visit http://www.chemelex.com.

About Chemelex

Chemelex is a global leader in electric thermal and sensing solutions, protecting the world’s critical processes, places and people. With over 50 years of innovation and a commitment to excellence, we develop solutions that ensure safety, reliability, and efficiency in diverse environments – from industrial plants and data centers to people’s homes.

Chemelex is a Brookfield company. Chemelex trusted brands include Raychem, Tracer, Pyrotenax, and Nuheat, all enabling the world to move forward with confidence.

Contacts

Media Contact
Randeep Dosanjh

Marketing Manager, Software & Control and Monitoring Solutions

Chemelex

+1 778-554-9276

randeep.dosanjh@chemelex.com

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada announced that its Founder, Chairman, and Chief Executive Officer, H. Michael Schwartz, will speak at the eighth annual KeyBanc Self Storage Investor Forum on Thursday, January 8, 2026.

The forum will be held at the Westin New York Grand Central in New York City. Mr. Schwartz will participate in a fireside chat titled “The IPO: What It Means to Be Public, Why Now, and What’s Next?”. The session will take place at 12:00 p.m. Eastern Standard Time for registered attendees.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop^® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs, and through its indirect subsidiary Argus Professional Storage Management, LLC, offers third-party management services in the U.S. and Canada. As of January 5, 2026, SmartStop has an owned or managed portfolio of more than 460 operating properties in 35 states, Washington D.C., and Canada, comprising approximately 270,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties in Canada, which total approximately 42,200 units and 4.3 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

Investor Relations Contact:

David Corak

Senior VP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

Media Relations Contact:

Spotlight Marketing Communications

949-427-5172

info@spotlightmc.com

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced that it is scheduled to release its financial and operational results for the three months and year ended December 31, 2025, after the market closes on Tuesday, February 17, 2026.

Interested parties are invited to participate in a conference call with management on Wednesday, February 18, 2026 at 10:00 a.m. Eastern time. To access the conference call, click on the following link to register at least ten minutes prior to the scheduled start of the call: Pre-registration link. Participants who pre-register prior to the call will receive an email with dial-in credentials including login passcode and PIN to gain immediate access to the live call. Those that are unable to pre-register may dial-in for operator assistance by calling 1-833-950-0062 and entering the access code:255852.

A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the following link on RioCan’s website: Events and Presentations and click on the link for the webcast.

If you cannot participate in the live mode, a replay will be available for one week following the date of the live conference call. To access the replay, please dial 1-866-813-9403 followed by the access code: 959096.

About RioCan

RioCan meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based and mixed-use properties in densely populated communities. As at September 30, 2025, our portfolio is comprised of 173 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan’s interest). To learn more about us, please visit www.riocan.com.

Contacts

RioCan Real Estate Investment Trust

Investor Relations Inquiries

Email: ir@riocan.com