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Primaris REIT Announces Distribution for October 2026

October 9, 2026 By Business Wire

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 October 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on November 16, 2026 to unitholders of record on October 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 proforma portfolio totals 15.6 million square feet, valued at approximately $5.6 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

Julian Schonfeldt

Chief Investment Officer

647-212-6519

jschonfeldt@primarisreit.com

Claire Mahaney

VP, Investor Relations & Sustainability

647-949-3093

cmahaney@primarisreit.com

Timothy Pire

Chair of the Board

chair@primarisreit.com

Primaris REIT to Share Insights to Future Growth and Provide New Three-Year Performance Targets at Investor Day

October 8, 2026 By Business Wire

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) is hosting its Investor Day today, in Montreal, Quebec, where its leadership team will share future growth insights, leasing and operating strategies, merchandising mix, differentiated financial model, capital allocation priorities, and will present new three-year performance targets.


“Primaris has a clear path to meaningful growth over the next three years, supported by significant opportunity embedded within our existing portfolio,” said Alex Avery, Chief Executive Officer. “Our near-term focus is on leasing up the portfolio, capturing embedded NOI and investing strategically in our properties, while maintaining a disciplined approach to capital allocation and our balance sheet. These initiatives are expected to drive sector leading FFO per unit growth, while positioning Primaris for the next phase of growth through tenancy optimization and greater operating efficiency.”

New Three-Year Performance Targets

Management discloses financial outlook statements for the purpose of providing further information about the Trust’s prospective results of operations. These statements are based on factors and assumptions, such as historical trends, current conditions, and expected developments. Management believes that such financial outlook statements have been prepared on a reasonable basis, reflecting management’s best estimates and judgments. However, because these financial outlook statements are subjective and subject to numerous risks, they should not be relied on as necessarily indicative of future results.

Disciplined capital allocation is a key pillar of Primaris’ strategy. To this end, Primaris established certain targets for managing the Trust’s financial condition (see Section 3, “Business Overview and Strategy” of the Trust’s management’s discussion and analysis for the three and six months ended June 30, 2026 (the “Quarterly MD&A”).

On September 24, 2024, Primaris announced three-year growth targets for the period ended December 31, 2027. Primaris is now replacing those targets with updated three-year performance targets for the fiscal years ending 2027, 2028, and 2029. These new targets are not guidance, but are an outlook based on the anticipated execution of Primaris’ strategic pillars.

(unaudited)

New 3-Year Targets

2027 to 2029

MD&A Section Reference

In-place Occupancy

96%

Section 8.1, “Occupancy”

Average Annual Same Properties Cash NOI** growth

3% to 5%

Section 9.1, “Components of Net Income (Loss)”

Dispositions

> $500 million

Section 7.3, “Transactions”

Capital Expenditures

> $300 million

Section 8.7, “Operating Capital Expenditures”

Average Annual FFO** per unit1 growth (fully diluted)

4% to 8%

Section 9.2, “FFO** and AFFO**”

Funds from Operations Payout Ratio**

45% to 50%

Section 9.2, “FFO** and AFFO**”

Average Net Debt** to Adjusted EBITDA**

5.0x – 6.0x

Section 10.4, “Capital Structure”

Average Annual Distribution Growth

4% to 8%

Section 10.6, “Unit Equity and Distributions”

 

* Denotes a non-GAAP measure. See Section 1, “Basis of Presentation” – “Use of Non-GAAP Measures” and Section 12, “Non-GAAP Measures” of the Quarterly MD&A.

1 Per weighted average diluted units outstanding calculated on a diluted basis, assuming the exchange of Exchangeable Preferred LP Units for Trust Units. See Section 10.6, “Unit Equity and Distributions” of the MD&A.

The previously published three-year growth targets for the period September 24, 2024 to December 31, 2027, together with the progress to date are reproduced below. These growth targets have been replaced by the new three year performance targets above.

(unaudited)

3-Year Targets

September 24, 2024 to

December 31, 2027

Progress to Date

Notes

MD&A Section

Reference

In-place Occupancy

New Target:

94% to 96%

(updated July 30, 2025)

Prior Target:

96%

86.6%

93%x-HBC1

96% Committed, x-HBC1

 

HBC filed for CCAA in

2025

Section 8.1, “Occupancy”

Annual Same Properties

Cash NOI** growth

3% to 4%

5.2% Annual Average

On Track

Section 9.1, “Components

of Net Income (Loss)”

Acquisitions

> $1 billion

 

Achieved

$1,955 million

Achieved

Section 7.3,

“Transactions”

Dispositions

> $500 million

 

Achieved

$534 million

Achieved

Section 7.3,

“Transactions”

Annual FFO** per unit2

growth (fully diluted)

4% to 6%

5.4% Annual Average

On Track

Section 9.2, “FFO** and

AFFO**”

Annual Distribution

Growth

2% to 4%

2.4% Annual Average

On Track

Section 10.6, “Unit Equity

and Distributions”

 

* Denotes a non-GAAP measure. See Section 1, “Basis of Presentation” – “Use of Non-GAAP Measures” and Section 12, “Non-GAAP Measures” of the MD&A.

1 As at June 30, 2026.

2 Per weighted average diluted units outstanding calculated on a diluted basis, assuming the exchange of Exchangeable Preferred LP Units for Trust Units. See Section 10.6, “Unit Equity and Distributions” of the Quarterly MD&A.

Readers are cautioned that there is a significant risk that the Trust’s actual performance against the three performance targets for the fiscal years ending December 31, 2027, 2028, and 2029 as set forth above will vary from the financial outlook statements provided in this news release and that such variations may be material. See “Forward-Looking Statements and Future Oriented Financial Information Disclaimer” below.

Investor Day in Montreal

The Investor Day is being held today in person in Montreal, and will be webcast live.

Date: Wednesday, October 7, 2026, at 10:00 a.m. (ET)

Link: Please go to the Investor Relations section on Primaris’ website or click here.

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 proforma portfolio totals 15.6 million square feet, valued at approximately $5.6 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.

Forward-Looking Statements and Future Oriented Financial Information Disclaimer

Certain statements included in this news release constitute ‘‘forward-looking information’’ or “forward-looking statements” within the meaning of applicable securities laws. The words “will”, “expects”, “plans”, “estimates”, “intends” and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements made or implied in this news release include but are not limited to statements regarding: growth opportunities, Primaris’ three-year performance targets, anticipated growth of Same Properties Cash NOI**, future dispositions, execution of Primaris’ strategic pillars, reinvestment in select shopping centres, occupancy improvement, the Trust’s targets for managing its financial condition and anticipated distribution growth. Forward-looking statements are provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements are not guarantees of future performance and are based on estimates and assumptions that are inherently subject to risks and uncertainties. Primaris cautions that although it is believed that the assumptions are reasonable in the circumstances, actual results, performance or achievements of Primaris may differ materially from the expectations set out in the forward-looking statements. Material risk factors and assumptions include those set out in the Trust’s Quarterly MD&A and the Trust’s management’s discussion and analysis for the year ended December 31, 2025 (the “Annual MD&A”), each of which is available on SEDAR+, and in Primaris’ other materials filed with the Canadian securities regulatory authorities from time to time. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, Primaris undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. Readers are cautioned that there is a significant risk that actual results for the year ending December 31, 2026 and for the three year period for which the three-year growth targets are presented will vary from the financial outlook statements provided in this news release, the Quarterly MD&A and the Annual MD&A and that such variations may be material. Certain forward-looking information included in this news release may also be considered “future-oriented financial information” or “financial outlook” for purposes of applicable securities laws (collectively, “FOFI”). FOFI about the Trust’s prospective results of operations in this news release includes, without limitation, average Net Debt** to Adjusted EBITDA**, Funds from Operations Payout ratio **, anticipated FFO** per unit annual growth, anticipated distribution annual growth, expected capital expenditures, anticipated Same Properties NOI** annual growth and anticipated in-place occupancy is subject to the same assumptions, risk factors, limitations and qualifications set out in the Quarterly MD&A which is available on the Trust’s profile on SEDAR+ at www.sedarplus.ca, and in Primaris’ other materials filed with the Canadian securities regulatory authorities from time to time. The Trust and management believe that such FOFI have been prepared on a reasonable basis, reflecting management’s best estimates and judgments. However, because this information is subjective and subject to numerous risks, it should not be relied on as necessarily indicative of future results. Readers are cautioned that the FOFI contained herein should not be used for purposes other than for which it is disclosed herein. Readers are also urged to examine the Trust’s materials filed with the Canadian securities regulatory authorities from time to time as they may contain discussions on risks and uncertainties which could cause the actual results and performance of Primaris to differ materially from the forward-looking statements contained in this news release. All forward-looking statements in this news release are qualified by these cautionary statements. These forward-looking statements are made as of October 7, 2026 and Primaris, except as required by applicable securities laws, assumes no obligation to update or revise them to reflect new information or the occurrence of future events or circumstances.

Non-GAAP Measures

Primaris’ unaudited interim condensed consolidated financial statements and the accompanying notes for the three and six months ended June 30, 2026 were prepared in accordance with IFRS accounting standards as issued by the International Accounting Standards Board; however, in this news release, a number of measures are presented which do not have a standardized meaning prescribed under generally accepted accounting principles (“GAAP”) in accordance with IFRS. These non-GAAP measures include non-GAAP financial measures and non-GAAP ratios, each as defined in National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure (“NI 52-112”). Non-GAAP measures in this news release are denoted by the suffix “**”. Management believes these non-GAAP measures are useful measures to assessing Primaris’ performance period over period and its ability to meet its financial obligations. However, these non-GAAP measures may not be comparable to similar measures presented by other real estate entities and should not be construed as an alternative to financial measures determined in accordance with IFRS. Additional information regarding these non-GAAP measures, including definitions and reconciliations to the most directly comparable GAAP figure, where applicable, can be found in the Trust’s Quarterly MD&A, which is available on the Primaris website at www.primarisreit.com and on the Trust’s profile on SEDAR+ at www.sedarplus.ca. See Section 12, “Non-GAAP Measures” of the Trust’s Quarterly MD&A for the descriptions of each non-GAAP measure used in this news release and to find a quantitative reconciliation to the most directly comparable GAAP measure applicable; Section 12, “Non-GAAP Measures” and the related quantitative reconciliations are incorporated by reference herein.

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

Julian Schonfeldt

Chief Investment Officer

647-212-6519

jschonfeldt@primarisreit.com

Claire Mahaney

VP, Investor Relations & Sustainability

647-949-3093

cmahaney@primarisreit.com

Timothy Pire

Chair of the Board

chair@primarisreit.com

SmartCentres Real Estate Investment Trust Announces New Issue of $300 Million Series AE and Re-opening of $150 Million Series AC Senior Unsecured Debentures

October 7, 2026 By Business Wire

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

TORONTO–(BUSINESS WIRE)–$SRU.UN #CapitalMarkets–SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that it has priced an offering of $300 million aggregate principal amount of 4.795% Series AE senior unsecured debentures and an additional $150 million aggregate principal amount of its existing Series AC senior unsecured debentures (the “Additional Series AC Debentures”) on an agency basis. The Series AE debentures will mature on January 15, 2032 and the Additional Series AC Debentures will mature on June 12, 2029.


The Additional Series AC Debentures will have the same terms and conditions, and constitute part of the same series, as the $250 million aggregate principal amount of 3.599% Series AC senior unsecured debentures issued by SmartCentres on November 12, 2025 (the “Existing Series AC Debentures”), except for their date of issue and price. The Additional Series AC Debentures will be issued at a price of $985.47 per $1,000 of principal, plus accrued and unpaid interest from and including June 12, 2026. The Additional Series AC Debentures will initially have a different CUSIP number from the Existing Series AC Debentures but on or about February 15, 2027, the Additional Series AC Debentures will form part of a single series with, and have the same CUSIP number as, the Existing Series AC Debentures.

The debentures are being offered by a syndicate of agents with Scotiabank, CIBC Capital Markets, Desjardins Securities, RBC Capital Markets and TD Securities as joint bookrunners, and National Bank Financial, Mizuho Securities, Beacon Securities and Casgrain & Company Limited as co-managers. The offering is expected to close on or about October 14, 2026, subject to customary closing conditions. Morningstar DBRS has provided SmartCentres with a provisional credit rating of BBB with a stable trend relating to the debentures.

SmartCentres intends to use the net proceeds of the offering for the refinancing of existing debt, the repayment of the Trust’s revolving credit line, the repayment of the Trust’s mortgages and for general corporate purposes.

This offering is being made by way of a private placement to certain accredited investors in each of the provinces and territories of Canada.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities in any jurisdiction. The debentures being offered have not been and will not be registered under the U.S. Securities Act of 1933 and state securities laws. Accordingly, the debentures may not be offered or sold to U.S. persons except pursuant to applicable exemptions from registration requirements.

About SmartCentres

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 201 strategically located properties in communities across the country. SmartCentres has approximately $12.1 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 98.1% in place and committed occupancy, on 3,500 acres of owned land across Canada.

For more information, please visit www.smartcentres.com or contact:

Mitchell Goldhar

Executive Chairman and CEO

(905) 326-6400 ext. 7674

mgoldhar@smartcentres.com

Peter Slan

Chief Financial Officer

(905) 326-6400 ext. 7571

pslan@smartcentres.com

Certain statements in this Press Release are “forward-looking statements” that reflect management’s expectations regarding the Trust’s future growth, results of operations, performance and business prospects and opportunities. More specifically, certain statements including, but not limited to, statements related to the anticipated use of proceeds of the offering and the date the offering is expected to close, and statements that contain words such as “could”, “should”, “can”, “anticipate”, “expect”, “believe”, “will”, “may” and similar expressions and statements relating to matters that are not historical facts, constitute “forward-looking statements”. These forward-looking statements are presented for the purpose of assisting the Trust’s Unitholders and financial analysts in understanding the Trust’s operating environment and may not be appropriate for other purposes. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management.

However, such forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including risks associated with potential acquisitions not being completed or not being completed on the contemplated terms, public health crises, real property ownership and development, debt and equity financing for development, interest and financing costs, construction and development risks, and the ability to obtain commercial and municipal consents for development. These risks and others are more fully discussed under the heading “Risks and Uncertainties” and elsewhere in SmartCentres’ most recent Management’s Discussion and Analysis, as well as under the heading “Risk Factors” in SmartCentres’ most recent annual information form. Although the forward-looking statements contained in this Press Release are based on what management believes to be reasonable assumptions, SmartCentres cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. These forward-looking statements are made as at the date of this Press Release and SmartCentres assumes no obligation to update or revise them to reflect new events or circumstances unless otherwise required by applicable securities legislation.

Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking information may include, but are not limited to: a stable retail environment; a continuing trend toward land use intensification, including residential development in urban markets and continued growth along transportation nodes; access to equity and debt capital markets to fund, at acceptable costs, future capital requirements and to enable our refinancing of debts as they mature; that requisite consents for development will be obtained in the ordinary course, construction and permitting costs consistent with the past year and recent inflation trends.

Contacts

Mitchell Goldhar

Executive Chairman and CEO

(905) 326-6400 ext. 7674

mgoldhar@smartcentres.com

Peter Slan

Chief Financial Officer

(905) 326-6400 ext. 7571

pslan@smartcentres.com

SmartStop Self Storage REIT Announces the Date of Its Third Quarter 2026 Earnings Release, Conference Call and Webcast

October 7, 2026 By Business Wire

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 today that it will release its financial results for the third quarter ended September 30, 2026, after market close on Wednesday, November 4, 2026.


Management will host a conference call and webcast to discuss the results on Thursday, November 5, 2026, at 12:00 p.m. Eastern Time. During the call, company officers will review operating performance, discuss recent events, and conduct a question-and-answer session. The question-and-answer portion will be limited to registered financial analysts. All other participants will have a listen-only capability.

Webcast Details:

A live webcast of the call will be available on the Investor Relations section of the Company’s website at investors.smartstopselfstorage.com. To access the live webcast, participants are encouraged to visit the site at least 15 minutes before the scheduled start time in order to register, download and install any necessary software. A replay of the webcast will be available on the Company’s website following the live event.

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

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 Managed Platform offers third-party management services in the U.S. and Canada. As of October 6, 2026, SmartStop has an owned or managed portfolio of approximately 475 operating properties in 36 states, the District of Columbia, and Canada, comprising over 285,000 units and approximately 36.7 million rentable square feet. SmartStop and its affiliates own or manage 70 operating self-storage properties across five provinces in Canada, which total approximately 59,000 units and 6.0 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:
Julie Leber

Spotlight Marketing Communications

949-427-1391

Julie@spotlightmarcom.com

Volvo Construction Equipment Rolls Out First U.S.-Built Excavators and Large Loaders

August 20, 2026 By Business Wire

Government officials and industry leaders tour Pennsylvania factory to see how Volvo Construction Equipment (Volvo CE) is delivering on its commitment to bring products closer to customers and strengthen its North American footprint.




SHIPPENSBURG, Pa.–(BUSINESS WIRE)–Volvo CE is significantly expanding its U.S. footprint, resulting in more than 50% of its North American machine supply being produced at its Shippensburg, Pennsylvania facility. Less than a year after announcing plans to localize more machine assembly, the company is delivering its first American-built excavators and larger wheel loaders to customers. A total of 11 additional models will be produced in Shippensburg, shortening customer lead times by more than six weeks.

The company marked the milestone with an event attended by legislators and business and industry leaders on Aug. 19. They got an inside look at the manufacturing transformation and Volvo CE’s ongoing efforts to develop a localized supplier base.

“What you see today is manufacturing resilience in action: adapting with purpose and speed to increase capacity and build more machines closer to our customers. This achievement advances Volvo CE’s long-term strategy to strengthen stability and flexibility across the North American market while supporting our employees and the regional economy,” said Scott Young, Head of Region North America.

The expansion brings Volvo CE’s North American production portfolio to 30 machine models, including excavators, wheel loaders and compactors. With the most recent investment of $40 million, Volvo CE has invested over $1.4 billion since 2007 to triple its annual output capacity and build workforce skills to support growth and increased digitalization.

Volvo CE acquired the site and its road development division from Ingersoll Rand in 2007 and established its North American headquarters there in 2012. Currently, over 750 people are employed at the location.

“Volvo CE has taken seriously its commitment to investing in and revitalizing American manufacturing. This facility right here in Shippensburg is not only building world-class construction equipment; it is creating opportunities for families and workers throughout our community. Pennsylvania has always been a strong contributor to our nation’s manufacturing strategy, and this expansion is proof that we will continue to be a leader in its future,” said Congressman John Joyce, M.D.

Thinking Globally, Executing Locally

While Volvo CE has made major strides to expand its North American capabilities, building a stronger local supply chain to support has been incremental, and is one of the most critical opportunities — and challenges — for Volvo CE and the equipment manufacturing industry.

“Strong, mutually beneficial supplier relationships have been fundamental to how Volvo CE works with its suppliers for decades. But increasingly, success requires a broader ecosystem — where businesses, economic development organizations and communities work together,” said Todd Papple, Head of Purchasing Americas, Volvo CE.

At this week’s event, Volvo CE announced its ambition to grow its business with Pennsylvania-based suppliers by 30% by 2030. Meeting this goal will hinge on strong partnerships with suppliers, giving them the confidence to invest in their operations to meet manufacturer specifications and volumes while remaining cost competitive.

To support this initiative, Volvo CE partnered with the Franklin County Area Development Corporation to support a global excavator counterweight supplier’s decision to land a regional operation. The supplier is investing more than $1.5 million in a local facility, creating jobs to complete and deliver counterweights directly to the Shippensburg plant on a just-in-time basis.

This type of private-public collaboration is essential to creating an environment where suppliers can confidently invest alongside manufacturers.

Growth from Within

By building greater flexibility into its operations, Volvo CE is better positioned to navigate geopolitical dynamics and the cyclical nature of the construction equipment industry.

The company increased production capacity through automation, process improvements, and more efficient use of existing factory space, enabling growth while maintaining its existing manufacturing space and workforce.

The plant’s combined 436,000 ft² assembly and fabrication footprint was reengineered creating three flexible production lines capable of building the full range of excavator, wheel loader and compactor models while adding new excavator welding capacity.

To upskill its existing workforce, Volvo CE invested in extensive on-site and off-site training with sister factories in Sweden, Korea, and Brazil, equipping employees with new technical skills and expertise. In total, employees completed more than 180 hours of individual training while gaining invaluable cross-cultural experiences.

The North American site is also pioneering a new “utility specialist” approach for production of large wheel loaders, which require 30% more parts and complexity to build on the same line. Employees were cross trained in multiple zones to provide additional support at stations requiring extra labor, helping maintain a steady workflow. Innovation around the way we work and insights from the pilot can be applied to the excavator line and shared across Volvo CE sites worldwide.

“Over the past 11 months, our teams have demonstrated exceptional commitment and execution to expand our production capabilities here in Shippensburg. Along the way, we’ve developed new technical capabilities within our workforce, making us more resilient, and competitive as a manufacturing facility,” said Gustavo Casagrandi, Head of Operations, Volvo CE Shippensburg.

The Shippensburg-based technology team is also evolving from a single-product focus to a more flexible operating model, deploying resources where they are needed most across the product portfolio.

This more integrated approach to manufacturing and engineering enables Volvo CE to better support North American customers while laying the foundation for a more resilient, responsive and sustainable future.

Volvo Construction Equipment (Volvo CE) is a global leader in construction solutions, delivering premium products and services that combine power and performance with a more sustainable way of working. We are a company driven by people and together we have a purpose: To build the world we want to live in. Founded in 1832 and with a distribution network across every major market, our many dedicated experts around the world are fulfilling our shared purpose through a focus on sustainability, electromobility and services. As well as our expanding range of electric machines and charging solutions, Volvo CE provides industry-leading haulers, loaders, excavators and much more, all built to suit the demands of our customers’ varied construction and infrastructure needs. Volvo CE benefits from being connected to the Volvo Group, which also offers trucks, buses, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Through its holistic perspective, Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. For further company information and to explore our values further please visit www.volvoce.com.

Contacts

Journalists wanting further information, please contact:

Gregg Hennigan

Marketing Communications

Volvo Construction Equipment North America
greggh@2rm.com
515-557-2233

Dave Foster

Corporate Communications

Volvo Construction Equipment North America

dave.foster@volvo.com
717-300-6104

Genstar Capital to Acquire Oncourse Home Solutions from Apax Funds

August 20, 2026 By Business Wire

NAPERVILLE, Ill.–(BUSINESS WIRE)–Oncourse Home Solutions (“Oncourse” or “the Company”), a leading national provider of home infrastructure warranties, today announced that Genstar Capital (“Genstar”) has entered into a definitive agreement to acquire the Company from funds advised by Apax Partners LLP (“Apax”).

Founded in 1992, Oncourse protects the critical home infrastructure that homeowners rely on, including water, sewer, gas, and electric lines, in-home plumbing, and home systems and appliances. The Company serves more than two million customers across 48 states, reaching homeowners through exclusive affinity partnerships and a growing direct-to-consumer channel.

Aaron Cooper, Chief Executive Officer of Oncourse Home Solutions, said: “This ownership transition marks an important milestone for Oncourse and reflects the strength of our business and the dedication of our employees. We have built a business that puts customers at the center of everything we do, and with Genstar’s experience, resources and commitment to long-term growth, we are well positioned to further elevate the customer experience, deepen the value we deliver to our partners and build on the significant momentum created with Apax. I am incredibly proud of what our employees have accomplished at Oncourse, and I want to thank the Apax team for their partnership throughout their ownership. We look forward to beginning this next chapter with Genstar.”

Ashish Karandikar, Partner at Apax, said: “When we carved Oncourse out of American Water in 2021, we backed a high-quality business in a category with long-term, non-discretionary demand. Our work helped turn a utility-owned program into a standalone company with a strong leadership team led by Aaron Cooper, modern technology and claims systems, and, most recently, an investment-grade financing platform. That is what gives Oncourse a durable foundation to grow independently from here.”

Nedu Ottih, Partner at Apax, added: “What distinguishes Oncourse is the trust it has built with its partners and homeowners. Throughout our partnership, the team has added new affinity partners, built a fast-growing direct-to-consumer channel, and established a disciplined acquisition capability, all while maintaining high service standards and staying true to its commitment to customers. We are grateful to the management team and everyone at Oncourse for an outstanding partnership, and believe Genstar is the right partner to build on this strong foundation and lead the business through its next phase of growth.”

Ryan Clark, President & Managing Partner at Genstar, said: “Genstar’s experience investing across the warranty industry gives us conviction that Oncourse is in the early innings of its growth journey. Looking ahead, Oncourse is primed to accelerate through new distribution partnerships, expanding homeowner relationships, and strategic acquisitions. We congratulate Apax, Aaron and the entire team at Oncourse on their success in scaling the Company into a leading home protection platform.”

Conor Flemming, Principal at Genstar, added: “The market for home infrastructure warranties is large and underserved, and Oncourse is well positioned to capitalize on that opportunity. Aaron and his team have earned this position by delivering relentlessly for their partners and the homeowners they serve. We are excited to build on their momentum in the next stage of growth.”

The transaction is expected to close in Q4 2026, subject to customary regulatory approvals and closing conditions. Terms of the transaction were not disclosed.

Goldman Sachs & Co. LLC and Jefferies served as financial advisors to Apax and Oncourse, and Simpson Thacher & Bartlett LLP served as legal advisor. Evercore served as exclusive financial advisor to Genstar, and Ropes & Gray LLP served as legal advisor.

About Oncourse Home Solutions

Oncourse Home Solutions is a leading home protection provider focused on protecting more than 2 million customers from unexpected costs by providing flexible services for home repairs and maintenance across the country. With more than three decades of experience, Oncourse Home Solutions has stayed committed to simplifying the hassles of home care and providing coverage that simply works, giving homeowners peace of mind. For more information, visit https://oncourse.com/.

About Apax

Apax is a global private equity advisory firm investing in mid-market businesses across the Technology, Services, and Internet/Consumer sectors. Oncourse sits at the intersection of two end markets the Apax funds have deep expertise in, namely insurance services and residential services, with current and prior investments in Hub International, Assured Partners, PIB, Authority Brands, and SavATree. Combining the scale of a global firm with the focus of a sector specialist, Apax works with management teams to create long-term value through operational value creation. With more than 50 years of private equity experience in operational value creation, Apax has raised and advised funds with aggregate commitments of approximately $80 billion. For more information, please visit www.apax.com.

About Genstar

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high-quality companies for over 35 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $51 billion of assets under management and targets investments focused on targeted segments of the financial services, industrials, healthcare, and software industries.

Contacts

Media Contacts

Apax
Kat Sallerfors

t: +44 20 7872 6300

e: katarina.sallerfors@apax.com

Red Thread PR on behalf of Oncourse Home Solutions:
Nicole Gainer

t: +1 856 266 1707

e: nicole@redthreadpr.com

Genstar Capital
FGS Global

e: GenstarCapital@FGSGlobal.com

Spectora Introduces New AI Tools, Reimagining How a Home Inspection Gets Done

June 10, 2026 By Business Wire

Inspectors in early access are cutting about 25% of the time per inspection, finishing reports on site instead of at the kitchen table that night.


DENVER–(BUSINESS WIRE)–#Spectora–A home inspector’s real skill is helping buyers understand exactly what they’re getting into, turning their observations of a house into the information someone needs to make one of the biggest decisions of their life with confidence. But most of their day doesn’t go to that. It goes to typing up findings, returning missed calls, bookings lost while they’re on a roof, business decisions made on gut instinct instead of real numbers. Spectora’s new AI tools are built to change that, giving inspectors back the time that gets eaten up by everything around the inspection. Three new tools are in early access right now.

AI Report Assist helps inspectors move faster through inspections, without sacrificing the quality of their report. They speak their observations and snap photos, and the AI matches what they see to the comments they’ve already reviewed and approved in their template. When nothing fits, AI can help them draft a new one on the spot. The report comes together faster during the inspection itself, not at the kitchen table that night. Inspectors in early access are saving about 25% of their time per inspection.

“Instead of stopping to search for comments, I can queue up multiple defects using audio, and the AI matches them to the right narratives. The workflow of taking photos first, then recording everything in one pass and confirming after analysis, is much faster than the traditional approach.” — Efra Rivera, Owner, NxtMove Inspections

AI Scheduling Agent answers the calls inspectors can’t get to. When the phone rings while they’re on a roof or under a crawlspace, it picks up, answers the caller’s questions, checks live availability, and books the job. For the inspector, that means never missing a booking and an end to being on call every evening and weekend. For the agents who book them, it’s a fast and dependable way to schedule.

The AI Connector (MCP) and public API let inspectors connect the AI tools they already use, like Claude or ChatGPT, directly to Spectora and ask questions about their business in plain language. One inspector in early access is now forecasting his revenue to within a few hundred dollars each month. Others are tracking referral sources and running multi-inspector firms on real numbers instead of gut instincts.

Spectora spent more than a year building these tools with inspectors to make sure they work the way inspectors actually need them to. Inspectors run their business on their reputation. A tool that gets things wrong doesn’t save time, it creates more work.

“There’s a lot of flashy AI demos out there right now, and we made a deliberate choice not to chase them. We spent more than a year making sure the AI we put in inspectors’ hands makes a real difference, because anything less just creates more work. Inspectors using them are seeing real results, and now it’s time to bring them to more inspectors,” said Peter Osberg, CEO of Spectora.

All three tools are in early access today, and they’re just the start. Spectora has spent more than a decade innovating in the inspection industry, and AI is the next chapter. The goal has always been the same. Give inspectors better tools so they can save time and operate a successful business. Inspectors can see what’s live, what’s being explored, and what’s coming at spectora.com/labs.

About Spectora: Spectora is the leading Home Inspection software platform, serving over 10,000 inspectors. The platform helps inspectors conduct inspections, write reports, manage operations, and grow their businesses. Learn more at spectora.com.

Contacts

Media Contact: Karli Herrick Director of Marketing, Spectora karli@spectora.com

Champion Spirit Country Club Officially Opens in The Bahamas as Founder Unveils Bahamas Longevity Hospital for December 2026

June 10, 2026 By Business Wire

A nine-time French champion and world champion brings a singular thesis on human longevity to Nassau


NASSAU, Bahamas–(BUSINESS WIRE)–The vision is no longer a promise. It is open. Champion Spirit Country Club, the private wellness and sporting club founded by nine-time French champion and world champion Abdoulaye Fadiga, has officially opened in The Bahamas. In the same announcement, its founder confirmed that the ecosystem’s medical flagship, Bahamas Longevity Hospital, will open in December 2026. Together, they mark the arrival of a singular thesis in human longevity: that real longevity is not a product to be purchased, but a discipline to be practiced.

Most longevity ventures are built in a laboratory. This one was built across a lifetime. Few people have understood the human body as intimately as someone who drove it to the limits of world-class competition and won. Formally trained in biology and biomechanics at the University of Paris, Fadiga spent the years since translating what he learned in competition into a complete science of human longevity.

A living proof, open today

Set on twenty acres in Nassau, The Bahamas, Champion Spirit Country Club unites elite sport, recovery, and daily longevity practice under one philosophy. The team is led by Andretti Bain, Olympic silver medalist and Pan-American Games gold medalist, alongside world-class practitioners across movement, recovery, and precision wellness. The club operates six curated retreat protocols (Genesis, Arcadia, Apex, Lumière, Vitae, and Longitude), ranging from five-day performance resets at $8,500 to fourteen-day full estate immersions at $34,500.

Twenty-seven leading institutions worldwide were benchmarked in building this programme. The Caribbean had no equivalent. Champion Spirit built one.

High Performance Luxury Living

For twenty years, Fadiga has operated at the intersection of science and elite performance, coaching athletes across every dimension: scientific, tactical, technical, physical, mental, and motivational. His central insight is deceptively simple. When an athlete truly understands what they are doing, and begins to see results arrive — and they will, because the method is grounded in science — motivation rises. The probability of reaching the goal increases. That feedback loop is not incidental. It is the foundation of everything.

At Champion Spirit, the clientele are what Fadiga calls performers. They may be elite athletes. They may equally be any individual who is still physically capable of pursuing a goal. The club makes no distinction. Every member is treated with the same rigour applied to world champions. The same methods. The same standards. Fadiga calls this philosophy High Performance Luxury Living.

It is designed for people who refuse to leave results to chance. Who understand that a single training session is not health. Health is the sum of nutritional, environmental, and emotional parameters, each compounding the others. This is precisely why the ecosystem was built the way it was: when all the tools are in one place, the athlete thrives. When they are scattered, time is lost, information is not centralized, motivation drifts, and results disappear with it. Champion Spirit was built to eliminate that equation entirely.

The medical flagship, opening December 2026

Bahamas Longevity Hospital will serve as the medical anchor of the ecosystem when it opens in December 2026. The institution will unite advanced diagnostics, personalized medicine, and the disciplined fundamentals that defined its founder’s career, led by Bahamian and international medical figures. Where the Country Club is the daily practice of longevity, the Hospital is its clinical and scientific home.

Together, the two institutions position Nassau and The Bahamas as a serious destination for the future of human health, the first of their kind in the Caribbean.

“Health is the most valuable asset a human being possesses. Most people do not realize it until they no longer have it. Without it, nothing else is possible. That is not a philosophy. That is the only fact that matters. Health is the new wealth — and we are here to prove it.”

Abdoulaye Fadiga, Founder and CEO, Champion Spirit Group

About Champion Spirit Group

Champion Spirit Group is a luxury wellness and lifestyle ecosystem based in Nassau, The Bahamas, founded by Abdoulaye Fadiga on the philosophy that health is the new wealth. The group brings together sport, recovery, longevity medicine, hospitality, and lifestyle under one vision. Its institutions include Champion Spirit Country Club (open now) and Bahamas Longevity Hospital (opening December 2026).

bahamas-longevity.com | countryclubbahamas.com

Contacts

Media Contact
Sonia Valoura, Communications

Champion Spirit Group

communication@championspirit.com

Primaris REIT Announces Distribution for June 2026

June 9, 2026 By Business Wire

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 June 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on July 15, 2026 to unitholders of record on June 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 15.1 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

SmartStop Self Storage Named One of Reviewed’s Best National Storage Chains of 2026

June 8, 2026 By Business Wire

Highest-Ranked Publicly Traded Self-Storage Company

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 its inclusion in Reviewed’s Best National Storage Chains of 2026. Notably, SmartStop earned the distinction of being the highest-ranked publicly traded self-storage company on this year’s list.


The annual rankings, determined by reader voting, spotlight brands that have earned exceptional consumer trust and satisfaction nationwide. SmartStop’s placement underscores its commitment to providing a superior storage experience, highlighted by high-quality facilities and outstanding customer service throughout its expanding North American portfolio.

“This recognition is especially meaningful because it comes directly from the experiences and feedback of the customers we serve every day,” said H. Michael Schwartz, SmartStop’s Chairman and CEO. “Being named the highest-ranked publicly traded self-storage company by Reviewed readers is an exciting honor. It’s a testament to our team’s passion and commitment to delivering outstanding service.”

The award further reinforces SmartStop’s position as one of the leading self-storage operators in North America. With ongoing investment in its properties, technology, and customer-focused initiatives, SmartStop remains dedicated to delivering clean, secure, and modern storage solutions tailored to residential and business customers.

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 Managed Platform, offers third-party management services in the U.S. and Canada. As of June 05, 2026, SmartStop has an owned or managed portfolio of approximately 460 operating properties in 35 states, Washington, D.C., and Canada, comprising over 270,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 51 operating self-storage properties across four provinces in Canada, which total approximately 45,000 units and 4.5 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:
Julie Leber

Spotlight Marketing Communications

949-427-1391

Julie@spotlightmarcom.com

TPG-Led Investor Group Acquires Grocery-Anchored Retail Leader ECHO Realty

June 8, 2026 By Business Wire

Investments from PSP Investments, La Caisse, and Norges Bank Investment Management will support TPG’s acquisition and future platform growth

PITTSBURGH–(BUSINESS WIRE)–TPG Real Estate (“TPG”) today announced the acquisition of ECHO Realty (“ECHO”), a full-service owner and operator of best-in-class grocery-anchored retail real estate, in a transaction valued at approximately $2 billion. The transaction was led by TPG in partnership with leading global investment groups, including PSP Investments, La Caisse, and Norges Bank Investment Management.

ECHO owns and operates approximately 230 retail centers located across key Midwest and Southeast U.S. markets, anchored by grocery and convenience stores with premier tenant relationships, including Giant Eagle, Publix, Harris Teeter Supermarkets, Safeway, ACME Markets, Whole Foods Markets, and Alimentation Couche-Tard (GetGo). ECHO’s integrated capabilities span the full retail property lifecycle, from acquisitions and development to leasing and property management. Since inception, the platform has acquired and developed more than 16 million square feet of neighborhood and regional centers, leveraging deep relationships with first-tier grocers and retailers to create high-performing shopping destinations and essential community hubs.

“Our more than two decades of building and operating neighborhood, necessity-based shopping destinations demonstrate the enduring demand for grocery-anchored retail close to home,” said Thomas Karet, Founder and Chief Executive Officer of ECHO. “With TPG’s investment and business building expertise, we are confident ECHO is well-positioned to capitalize on demand for necessity-based shopping in key, high-performing markets. Together, we look forward to expanding our platform and continuing to deliver first-class experiences for shoppers and retailers.”

The TPG-led investor group will partner with ECHO’s management team to scale the business across existing and new markets, advancing acquisition initiatives while further strengthening leasing and property management capabilities, as well as ECHO Retail, ECHO’s boutique retail brokerage platform.

“Our partnership reflects TPG’s long-term thematic focus on resilient and sustainable sectors like grocery-anchored retail. We are excited to partner with ECHO’s talented management team, as well as PSP Investments, La Caisse, and Norges Bank Investment Management, to grow the ECHO platform, enhance its integrated development and operating capabilities, and deliver expanded, localized shopping offerings in markets across the U.S.,” said Jacob Muller, Partner at TPG.

“Our Real Estate model is centered on forging partnerships with leading global operators and key strategic partners. This investment alongside TPG is a perfect example of our approach,” said Simon Marc, Senior Vice President and Global Head of Private Equity and Real Estate Investments at PSP Investments. “The ECHO transaction allows us to deploy capital at scale in a high-quality, established platform, backing a sector of strong conviction. Grocery-anchored retail, underpinned by an essential-use tenant base, is a high-conviction opportunity that fits our long-term strategy.”

“This transaction reflects our continued focus on reinvesting our capital into resilient, needs-based segments that demonstrate sustained underlying demand and stability,” said Rana Ghorayeb, Executive Vice-President and Head of Real Estate at La Caisse. “By partnering with TPG and other like-minded global institutional partners to acquire ECHO, we are strengthening our exposure to high-quality established platforms with attractive fundamentals, while enhancing the diversification of our portfolio.”

Eastdil Secured and BMO Capital Markets acted as financial advisors to TPG, with Eastdil Secured also acting as debt placement agent. Kirkland & Ellis LLP acted as legal counsel to TPG. BofA Securities acted as exclusive financial advisor to ECHO, and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to the company, alongside Sterlington PLLC, which acted as legal counsel to ECHO management.

About ECHO Realty

Founded in 2000, ECHO Realty is a full-service owner and operator of commercial real estate. With a singular focus on grocery-anchored retail honed over more than a quarter of a century of experience, ECHO operates more than 230 centers across the United States and leverages deep relationships with grocers and retailers to cultivate high-performing shopping destinations.

About TPG

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $306 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.

About PSP Investments

The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investors with $299.7 billion of net assets under management as of March 31, 2025. It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources, and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on LinkedIn.

About La Caisse

For more than 60 years, La Caisse has invested with a dual mandate: generate optimal long-term returns for its 48 depositors, who represent over six million Quebecers, while contributing to Québec’s economic development.

As a global investment group, La Caisse is active in major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2025, its net assets totalled CAD 517 billion. Learn more at LaCaisse.com, LinkedIn and Instagram.

La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.

About Norges Bank Investment Management

Norges Bank Investment Management manages the Norwegian Government Pension Fund Global. With assets worth approximately 21,000 billion Norwegian kroner (around 2,100 billion US dollars), the fund is invested in international equity and fixed-income markets, as well as real estate and renewable energy infrastructure. Its purpose is to ensure responsible, long-term management of revenues from Norway’s oil and gas resources so that this wealth benefits both current and future generations. It seeks to achieve the highest possible return in a safe, efficient, responsible and transparent manner, within government guidelines.

Contacts

TPG

Courtney Power

media@tpg.com

ECHO Realty

Laura Wenger

lwenger@echorealty.com

PSP Investments

media@investpsp.ca

La Caisse
Media Relations team

+ 1 514 847-5493

medias@lacaisse.com

Granite REIT Announces Voting Results From Its 2026 Annual General Meeting of Unitholders

June 5, 2026 By Business Wire

TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite REIT” or “Granite”) (TSX: GRT.UN) announced today the results of the matters voted on at its annual general meeting of unitholders held virtually earlier today (the “Meeting”). Each of the individuals nominated for election as a trustee of Granite REIT, as set out in Granite’s Management Information Circular dated April 9, 2026, were elected as set out below.

A total of 46,872,896 units (77.29% of outstanding units) were represented in person or by proxy at the Meeting.

The results of the votes held at the Meeting are as follows:

As Trustee of Granite REIT

Nominee

Votes For

%

Votes Withheld

%

Robert D. Brouwer

46,585,437

99.98

9,838

0.02

Amber Choudhry

46,588,221

99.98

7,054

0.02

Remco Daal

46,057,387

98.85

537,888

1.15

Kevan Gorrie

46,588,289

99.99

6,986

0.01

Fern Grodner

46,394,029

99.57

201,246

0.43

Jonathan Kelly

46,586,102

99.98

9,173

0.02

Kelly Marshall

46,060,424

98.85

534,851

1.15

Al Mawani

46,583,974

99.98

11,301

0.02

Emily Pang

46,588,279

99.98

6,996

0.02

Jennifer Warren

46,587,083

99.98

8,192

0.02

 

Votes

For

%

 

Votes

Withheld

%

Re-appointment of Deloitte LLP as Auditor of Granite REIT

46,780,993

99.80

91,903

0.20

 

Votes

For

%

Votes

Against

%

Non-binding advisory resolution on Granite’s approach to executive compensation

45,914,446

98.54

680,829

1.46

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 145 investment properties representing approximately 61.5 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 Data 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.

Contacts

Teresa Neto, Chief Financial Officer

647-925-7560

Andrea Sanelli, Senior Director, Legal & Investor Services

647-925-7504

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