CALGARY, Alberta–(BUSINESS WIRE)–In Q2 2025, Mainstreet posted a 14^th consecutive quarter of double-digit, year-over-year growth across major key operating metrics. In the face of global economic uncertainty, trade disruption, and cooling rental markets in Calgary and Vancouver, funds from operations (“FFO”) increased 16%, net operating income (“NOI”) rose 15% and rental revenues grew 12%. Same-asset NOI rose 10% while revenues on a same-asset basis grew 7%. Operating margins increased from 60.9% to 62.3%, and from 61.0% to 62.5% on a same-asset basis.

Bob Dhillon, Founder and Chief Executive Officer of Mainstreet, said, “Even in the face of significant economic uncertainty, Mainstreet remains in a position of strength, and we believe these economic challenges may create major opportunities for Mainstreet to exploit. We have shored up significant cash reserves to take advantage of these challenges, continuing our decades-long legacy of countercyclical growth.” He continued, “In the face of this uncertainty, now more than ever we remain deeply committed to Mainstreet’s role as a critical supplier of affordable living amid the current inflationary period.”

The Mainstreet Mission: We are passionately committed to our role as a crucial provider of quality, affordable homes for Canadians, offering renovated apartments and customer services at an average mid-market rental rate of $1200.

We believe the current operating environment, including an ongoing trade dispute with the U.S., presents the opportunity for counter-cyclical accelerated acquisitions in fiscal 2025 and 2026, potentially paving the way for a new phase of continuing growth at Mainstreet.

Key Metrics | Q2 2025 Performance Highlights
Rental Revenue
From operations		Up 12% to $68.6 million (vs. $61.2 million in Q2 2024)
From same asset properties		Up 7% to $63.6 million (vs. $59.3 million in Q2 2024)
Net Operating Income (NOI)
From operations		Up 15% to $42.7 million (vs. $37.3 million in Q2 2024)
From same asset properties		Up 10% to $39.8 million (vs. $36.2 million in Q2 2024)
Funds from operations (FFO)1
FFO-before current income tax		Up 14% to $23.6 million (vs. $20.7 million in Q2 2024)
FFO per basic share-before current income tax		Up 14% to $2.53 (vs. $2.22 in Q2 2024)
FFO-after current income tax		Up 16% to $22.0 million (vs. $19.0 million in Q2 2024)
FFO per basic share-after current income tax		Up 16% to $2.36 (vs. $2.04 in Q2 2024)
Operating Margin
From operations		62.3% (vs. 60.9% in Q2 2024)
From same asset properties		62.5% (vs. 61.0% in Q2 2024)
Unstabilization rate		12% (providing potential for future NOI growth)
Stabilized Units		427 properties (16,259 units, 12%) out of 481 properties (18,451 units)
Net (Loss) Profit
Net profit (Loss) per basic share		Net profit of $91.5 million (vs. profit of $33.6 million in Q2 2024, including change in fair value of $84.4 million in Q2 2025 vs. $20.4 million in Q2 2024)
Total Capital Expenditures		$8.3 million (vs. $7.2 million in Q2 2024)
Total Capital Expenditure (unstablized assets)		$1.4 million (vs. $1.1 million in Q2 2024)
Total Capital Expenditure (stablized assets)		$6.9 million (vs. $6.1 million in Q2 2024)
Vacancy rate
From operations		4.6% (vs. 3.2% in Q2 2024)
From same asset properties		4.6% (vs. 3.2% in Q2 2024)
Vacancy rate as of May 6, 2025		4.5% excluding unrentable units
Total Acquisition
During Q2 2025		$0.9 million 1 commercial building (vs. $31.9 million 255 units in Q2 2024)
Subsequent to Q2 2025		182 unit ($15.5 million, $85,000 per suite) in Alberta
Total YTD Acquisition 2025		299 units ($34.3 million)
Total Units
As of March 31, 2025		18,502 units2 (vs. 18,455 units in 2024)
As of May 6, 2025		18,683 units3
Fair Market Value		Up 2% to $3.6 billion (vs. $3.4 billion in 2024)

¹See “Non-IFRS Measures” and Note (1) in MANAGEMENT’S DISCUSSION AND ANALYSIS to the table titled “Summary of Financial Results” for additional information regarding FFO and a reconciliation of FFO to net profit, the most directly comparable IFRS measurement.

² Include 51 units held for sale

³ Include 50 units held for sale

Business Strategy

The Q2 results once again demonstrate the continued success of our business model allowing us to deliver compounding shareholder returns no matter where we are in the economic cycle – including the challenges we see today.

Mainstreet has tackled this adversity head on: we have shored up liquidity by temporarily pausing acquisitions in the face of the current market volatility. This ensures Mainstreet will be in a strong position to take advantage of this challenging economic environment with access to additional liquidity ($460 million in 2025). Counter-cyclical investment opportunities may arise and this cautious but this intentional move positions Mainstreet to capitalize on these emerging opportunities. By targeting underperforming assets in Western Canada, particularly mid-market, and optimizing them through our proven value-add model, we aim to enhance shareholder value and meet the growing demand for affordable rental housing across Canada. In addition to strategic acquisitions, Mainstreet may also buy back its shares under the existing normal course issuer bid (NCIB) when it believes that its stock is trading below NAV.

• Highly affordable rent: With an average mid-market rent of $1200, Mainstreet is able to reach a significant population in need of housing options, providing stable and inelastic demand even at a time of uncertainty and inflation.
• Organic growth without Dilution: We continue to adhere to our policy of 100% organic, non-dilutive growth which continues to generate strong returns over 25 years.
• Portfolio Diversity: Mainstreet is largely insulated from significant economic shock in any one market due to having 18,683 units which are located in four provinces across Western Canada, with 43% of its NAV in BC. Mainstreet’s properties are clustered around key urban areas – from transit hubs to inner city living areas – and present significant opportunities for maturation.

Positive Market Fundamentals Remain

Mainstreet is positioned to see strong demand across its holdings. Despite 12% of Mainstreet’s assets being unstabilized, vacancy rates in many of our key markets remain around historic lows, including Edmonton (4.5%), Saskatoon (2.8%), Regina (5.3%) and BC (3.8%). Mainstreet’s overall vacancy rate increased from 3.2% in Q2 2024 to 4.6% in Q2 2025, which increase can, in part, be credited to seasonal trends in the housing market. There are also economic impacts from a cooling rental market in Vancouver & the lower mainland, in addition to economic and new supply pressures impacting the Calgary (6.7%) market. Both of these rental markets are expecting a slower growth or slight decline in rental revenue in the remaining 2 quarters in FY 2025. Despite this, Mainstreet believes that the overall rental housing market in Western Canada remains strong.

According to the Canada Mortgage and Housing Corporation (CMHC), the average rent for a two-bedroom apartment is still expected to rise in 2025 to an average of $1,637 in Edmonton, $1,962 in Calgary, and $1,575 in Saskatoon, driven by ongoing affordability pressures in the homeownership market and a stagnant supply of rental units.

Population growth continues to be a significant driver of rental demand. Although Canada’s population growth slowed to 0.2% in Q4 2024—the slowest pace since the pandemic—this moderation follows a substantial annual population increase of 1.8%, adding 744,324 people in 2024. Alberta, for the same period, is still seeing positive growth in both interprovincial migration and net inflow of non-permanent residents, and had population growth of 0.6% in Q4 2024, and 3.5% annually according to Stats Canada. Such demographic trends are expected to sustain demand for rental accommodations at the Mainstreet average mid-market rental unit price of $1200 per month, particularly in urban centres where housing supply remains constrained and vacancies are at low levels,

Challenges

Tariffs

Ongoing volatility in global trade policy has introduced several challenges, including uncertainty across supply chains which have significant implications for construction costs and broader economic stability. While Mainstreet remains shielded from direct pricing impacts – given our focus on value-add repositioning rather than new builds—smaller-scale projects may face moderate cost pressures.

Our diversified sourcing strategy continues to support cost efficiency, but the risk of escalating trade disputes poses broader macroeconomic concerns, including impacts on growth, employment, and inflation. However, rising costs could further tighten housing supply, potentially deepening Canada’s supply-demand imbalance in the rental market – a dynamic that may support continued rent growth in our core markets.

International Students

Recent policy changes aimed at reducing non-permanent resident numbers have led to a decrease in international student populations, which could affect rental demand in certain markets where Mainstreet operates. International students have acted as a stabilizing force in Canada’s rental ecosystem – and a reduction in those numbers could impact vacancy rates. While the federal government has plans to curb immigration rates in coming years (by 10% for international students in 2025), overall intake levels are expected to remain relatively high. There is some insulation, however, as a significant number of international students remain in Canada, and while it has been reduced, a large number of students are welcomed into Canada each year. As a result, we believe that the demand for rental apartments will remain strong.

Immigration

New Canadians make up a part of Mainstreet’s rental base. With federal immigration policy set to change, placing further restrictions on newcomers, Mainstreet anticipates that there will be an overall decrease in the number of potential renters. However, with nearly three quarters of a million newcomers in 2024 alone, it is likely there will continue to be a strong demand for mid-market housing units, which make up the bulk of Mainstreet’s assets, and Mainstreet does not anticipate these changes to have a negative material effect on vacancy rates.

Taxation

While we welcomed the end of the federal carbon tax, which was set to increase to more than $95/tonne this year, municipal property taxes remain a persistent inflationary cost. Significant increases to municipal taxation have taken place in jurisdictions across Mainstreet’s holdings, including significant increases in Calgary and Edmonton. In addition, we have seen nearly 20% (18.2%) increase in utility fees in Vancouver.

Outlook

Q2 has and will present some challenges for Mainstreet. However, over the past 25 years, Mainstreet has a track record of turning challenges into opportunities and stay focused on our value creation strategy. As a result, management believes there is a positive outlook for Mainstreet’s growth and continued performance despite a 1.4% year over year increase in vacancy rates for our properties.

Our business model, together with a nimble management approach, provides Mainstreet the flexibility to create counter-cyclical investment opportunities which allow us to capture market opportunities for both add value assets. Our cautious approach to the economic headwinds brought on by trade disputes and tariff uncertainly has provided us with upwards of $460 million in liquidity in 2025 which can be utilized to seize opportunities – including by buying back our shares through an opportunistic NCIB. Management believes our stocks are currently trading below NAV.

CMHC projects that housing starts will slow from 2025 to 2027, primarily due to decreases in condominium apartments, some of which historically have become rental units. This anticipated supply constraint, coupled with persistent demand, reinforces the strategic importance of our countercyclical investment approach.

The combination of sustained population growth, increasing average rent prices, and a housing supply consistently slow to respond to demand suggests continued opportunities for growth and value creation.

This creates a favourable tailwind for Mainstreet, underpinned by strong demographic trends and immigration. Despite some of the policy changes targeted towards international students and newcomers, there is expected to be continued pressure on housing and rental markets across Canada in the short and long term. This pressure is a contributing factor to the same-asset NOI increase of 10%.

In addition, over the last few quarters, Mainstreet has seen some relief on the largest expense. Interest rates have decreased by approximately 100bps since a year ago and are projected to continue to drop after as the Bank of Canada attempts to restart a slumping economy facing significant headwinds after a decade of stagnation. This has already resulted in a reduction of Mainstreet’s borrowing costs compared to a year ago, and ultimately means significant savings on existing debt holdings.

Growth in Western Canada

Despite the temporary strategic pause in acquisitions this quarter, Mainstreet has continued to grow its footprint in Western Canada. Already adding 299 more units this year, we plan to continue to grow our footprint across Manitoba, Saskatchewan, Alberta and BC. The BC market, which made up nearly half of our acquisitions in 2024, currently represents 43% of our net asset value (based on IFRS), and is expected to continue to have low vacancy rates and persistently high rents across the lower mainland, despite the minor retraction we have seen in recent quarters.

Alberta continues to lead Canada in growth, adding more than 200,000 residents last year. This sustained growth has put increasing pressure on rental spaces across both Calgary and Edmonton with rents in both cities expected to continue to grow, with vacancies remaining at a low level.

Saskatchewan and Manitoba have each seen moderate growth and continue to be a reliable stable market for Mainstreet.

The trends found in these provinces are clear examples of how systemically Canada’s housing market is undersupplied. Since 2005, Canada’s population has grown by 9.4 million to 41 million, while rental supply has only grown by 527,736 to 2.4 million, according to Stats Canada.

We expect that this housing crunch will continue to drive policy changes like municipal re-zoning efforts, as seen in both Calgary and Surrey. Both cities have passed significant re-zoning polices to encourage more density, and we understand that both municipalities are considering extending height limits, or in the case of Vancouver, removing ‘view cone’ restrictions.

These policy changes and initiatives closely align with Mainstreet’s plan to leverage more than 900 low-density buildings – including those on subdividable residual lands – to extract added-value out of existing assets and additional lands at fractional costs.

The three point plan to accomplish this is:

1. Turning unused or residual space within existing buildings into new units (YTD 55 additional units created)
2. Exploring zoning and density relaxations to potentially build new capacity within existing footprints
3. Subdividing residual lands for future developments

This strategy is a potential source of long-term organic non-dilutive growth, and is designed to leverage our strong business model to generate meaningful value for our investors, backed with tangible and money-generating assets.

Organic Runway

1. Pausing acquisitions to increase liquidity: To respond effectively to the current economic moment, we have paused Q2 asset acquisitions to focus on stabilizing and growing our liquidity, currently estimated at over $460 million, so that we are ready to go back to the market for further acquisition and growth.
2. Increasing net NOI: Despite slowing economic trends and political uncertainty, Mainstreet continues to generate value by growing NOI, with a specific focus on same-asset NOI and stabilized units. As of the quarter end, 12% of our portfolio remains unstabilized.
3. Buying back shares: Mainstreet’s strong liquidity position provides us with the flexibility necessary to unleash our capital in this countercyclical opportunity to buy back shares under our existing NCIB on an opportunistic basis to further increase shareholder value. Management believes our stocks are currently trading below NAV.
4. Creating value from existing footprints: We continue to explore opportunities to create larger returns from existing Mainstreet properties through municipalities that have eased zoning restrictions, through subdivisions and optimized residual space.

Forward-Looking Information

Certain statements contained herein constitute “forward-looking statements” as such term is used in applicable Canadian securities laws. These statements relate to analysis and other information based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, statements concerning estimates related to future acquisitions, dispositions and capital expenditures, increase or reduction of vacancy rates, increase or decrease of rental rates and rental revenue, future income and profitability, timing of refinancing of debt and completion, timing and costs of renovations, increased or decreased funds from operations and cash flow, the Corporation’s liquidity and financial capacity, improved rental conditions, future environmental impact the Corporation’s goals and the steps it will take to achieve them the Corporation’s anticipated funding sources to meet various operating and capital obligations and other factors and events described in this document should be viewed as forward-looking statements to the extent that they involve estimates thereof. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions of future events or performance (often, but not always, using such words or phrases as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements.

Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors, including those risks described in the Corporation’s AIF, dated December 5, 2024 under the heading “Risk Factors”, that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the effect of inflation on consumers and tenants, the effect of rising mortgage and interest rates on the Corporation, including its financing costs, challenges related to up-financing maturing mortgages or financing of clear titled assets after stabilization, disruptions in global supply chains, labour shortages, the length and severity of geopolitical conflict and the occurrence of additional global turmoil and its effects on global markets and supply chains, changes in government policies regarding immigration and international students, cyber-incidents Corporation (including the effect of the cybersecurity incident which occurred on May 2, 2024), costs and timing of the development or renovation of existing properties, availability of capital to fund stabilization programs, other issues associated with the real estate industry including availability of labour and costs of renovations, supply chain issues, fluctuations in vacancy rates, general economic conditions, trade policies and tensions, including changes in, or the imposition of tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, competition for tenants, unoccupied units during renovations, rent control, fluctuations in utility and energy costs, carbon tax increases, environmental and other liabilities, effects of climate change, credit risks of tenants, availability of capital, changes in legislation and regulatory regime applicable to the corporation, loss of key personnel, a failure to realise the benefit of acquisitions and/or renovations, the effects of severe weather events on the Corporation’s properties, climate change, public health measures (including travel and post-secondary restrictions), uninsured losses, fluctuations in the capital markets and the trading price of the Common Shares, conflicts of interest of the Corporation’s directors and officers, and other such business risks as discussed herein. This is not an exhaustive list of the factors that may affect Mainstreet’s forward-looking statements. Other risks and uncertainties not presently known to the Corporation could also cause actual results or events to differ materially from those expressed in its forward-looking statements.

Forward-looking statements are based on management’s beliefs, estimates and opinions on the date the statements are made, and the Corporation undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions should change except as required by applicable securities laws. Management closely monitors factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements and will update those forward-looking statements where appropriate in its annual and quarterly financial reports.

Certain information set out herein may be considered as “financial outlook” within the meaning of applicable securities laws. The purpose of this financial outlook is to provide readers with disclosure regarding the Corporations reasonable expectations as to the anticipated results of its proposed business activities for the periods indicated. Readers are cautioned that the financial outlook may not be appropriate for other purposes.

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

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, is thrilled to announce the winners of its North American Door Wrap Design Contest. Eleven artists have each earned a $1,000 cash prize and the opportunity to have their original artwork featured on an exterior storage unit door at SmartStop’s Ladera Ranch, California location. SmartStop expects to complete installation by June 15.

In addition, several talented artists will receive $300 honorable mention prizes for their outstanding entries.

Congratulations to the $1,000 prize winners:

• Jennifer Geiger – Sarasota, Florida
• Finn Rodriguez – Largo, Florida
• Mariana Thornton – Commerce City, Colorado
• Lynn Hurley – Castle Rock, Colorado
• Robert Panzer – Peoria, Arizona
• Cody Taylor – Davis, California
• Lisa Ng – Redmond, Washington
• Sergio Cuellar – Riverside, California
• Shirley P. Dutcher – Lady Lake, Florida
• Dawn Crandall – Anchorage, Alaska
• Justine Anderson – Waukesha, Wisconsin

Each of these original designs will soon transform an everyday storage unit into a vibrant celebration of artistic talent, creating an exciting new visual experience for our customers and team members.

“This contest was about more than just decorating a door—it was about giving artists across the U.S. and Canada a canvas to inspire,” said H. Michael Schwartz, Chairman and CEO of SmartStop. “We were blown away by the creativity and passion in the submissions and can’t wait for our customers to experience the results in person.”

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 approximately 590 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. As of May 1, 2025, SmartStop has an owned or managed portfolio of 220 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 157,100 units and 17.7 million rentable square feet. SmartStop and its affiliates own or manage 41 operating self-storage properties in Canada, which total approximately 34,400 units and 3.5 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com

Contacts

David Corak
Sr. VP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that each of the trustee nominees listed in the management information circular of Primaris dated April 1, 2025 (the “Circular”) were elected as trustees of the Trust at the annual general meeting of unitholders held May 1, 2025 (the “Meeting”). Voting results for the individual trustees of the Trust are as follows:

	Number of Units Voted For	Percentage of Units Voted For	Number of Units Withheld for Voting	Percentage of Units Withheld from Voting
Avtar Bains	71,858,852	98.95 %	765,950	1.05 %
Anne Fitzgerald	71,297,018	98.17 %	1,327,782	1.83 %
Louis Forbes	71,134,625	97.95 %	1,490,175	2.05 %
Timothy Pire	71,847,350	98.93 %	777,452	1.07 %
Patrick Sullivan	71,853,152	98.94 %	771,650	1.06 %
Deborah Weinswig	71,806,085	98.87 %	818,715	1.13 %

In addition, Primaris is pleased to announce that the non-binding advisory resolution on the Trust’s approach to executive compensation, as set out in the Circular, was approved by 98.46% of the votes, the resolution to re-appoint KPMG LLP as the auditors of the Trust for the ensuing year and authorizing the trustees to fix the remuneration to be paid to the auditors was approved by 99.85% of the votes and the resolution to make certain amendments to the REIT’s Incentive Unit Plan, as set out in the Circular, were approved by 98.81% of the votes.

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 portfolio totals 14.2 million square feet, valued at approximately $4.5 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 & ESG

647-949-3093

cmahaney@primarisreit.com

Timothy Pire

Chair of the Board

chair@primarisreit.com

New app connects homeowners and business owners with qualified contractors in minutes

VANCOUVER, British Columbia–(BUSINESS WIRE)–Today, RepairFind, an innovative platform designed to connect homeowners and business owners with skilled local contractors for their repair and maintenance needs, launches two dedicated apps tailored to specific user needs. Driven by a mission to simplify the process of finding reliable service providers, RepairFind offers an easy and seamless experience for customers and contractors alike across the Lower Mainland. Imagine Uber—but for home repairs and maintenance.

The RepairFind Customer App empowers homeowners and business owners to easily book reliable services with just a few taps. Whether help is needed with electrical work, plumbing, painting, renovations, or even architectural or interior design, RepairFind connects with local, qualified contractors to get the job done right.

For home service industry professionals, the RepairFind Contractor App is the go-to solution for growing their business and streamlining operations. By removing the need for advertising, RepairFind offers contractors a direct and hassle-free way to connect with customers. The app allows contractors to showcase their skills, manage bookings, and communicate directly with customers in real time—all in one convenient platform.

“Our goal with RepairFind is to eliminate the frustration customers feel when trying to find trustworthy contractors and simultaneously provide skilled professionals with a strong platform to expand their businesses,” said Gilbert Moore, CEO and Founder of RepairFind. “This app is designed to enhance transparency, simplify bookings, and ultimately build trust between customers and service providers.”

The platforms feature an intuitive, four-step process designed to enhance the user experience for both homeowners and contractors: create an account as a contractor or customer; explore a range of trusted services or contractors in the area; book appointments and chat with contractors in real time; and sit back and enjoy reliable, high-quality home or business services. Available services include plumbing, electrical, mechanical (HVAC), renovations, painting, cabinetry, interior design, home inspections, builders, architects, landscaping, and much more.

RepairFind is available for download on iOS and Android devices.

For more information, please visit www.repairfind.ca.

About RepairFind

RepairFind is a Vancouver-based platform dedicated to transforming the home repair and maintenance industry. The dual-app solution connects customers and contractors for their repair and maintenance needs in a seamless, transparent environment. With a mission to simplify the process of finding reliable service providers and ensure a seamless experience for both contractors and customers, RepairFind is transforming the home repair and maintenance industry.

Contacts

Media Contact
Logan Findlay

logan@talkshopmedia.com
604-440-8999

TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today announced the closing of the sale of the Sablière property to a third party for €18.2 million ($28.3 million). The property was sold at a modest 2% premium over its original purchase price, despite a markedly softer market environment and the asset being largely vacant at the time of sale, in contrast to its fully leased condition at acquisition in 2014. The transaction generated net proceeds of approximately $13 million (€8.4 million), which the REIT intends to deploy towards debt reduction and to support value-enhancing initiatives across its portfolio, including leasing and redevelopment opportunities.

“This transaction reflects our ongoing efforts to recycle the REIT’s asset base and strengthen the balance sheet,” said Stephane Amine, President and Chief Executive Officer of Inovalis REIT. “The proceeds will provide us with increased financial flexibility as we continue to execute on our strategic priorities.”

FORWARD-LOOKING INFORMATION

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the REIT’s current expectations regarding future events, including with respect to the sale of the Sablière Property. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements.

Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance. 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 REIT’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the REIT’s most recent annual information form. The REIT does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

All amounts have been converted to Canadian dollars (CAD$) using an exchange rate of 1.5562 CAD$ per €

About Inovalis REIT

Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 12 assets. Inovalis REIT acquires (indirectly) real estate properties via CanCorpEurope, authorized Alternative Investment Fund (AIF) by the CSSF in Luxemburg, and managed by Inovalis S.A.

About Inovalis Group

Inovalis S.A. is a French Alternative Investment fund manager, authorized by the French Securities and Markets Authority (AMF) under AIFM laws. Inovalis S.A. and its subsidiaries (Advenis S.A., Advenis REIM) invest in and manage Real Estate Investment Trusts such as Inovalis REIT, open ended funds (SCPI) with stable real estate focus such as Eurovalys (for Germany) and Elialys (Southern Europe), Private Thematic Funds raised with Inovalis partners to invest in defined real estate strategies and direct Co-investments on specific assets.

Inovalis Group (www.inovalis.com), founded in 1998 by Inovalis SA, is an established pan European real estate investment player with EUR 7 billion of AuM and with offices in all the world’s major financial and economic centers in Paris, Luxembourg, Madrid, Frankfurt, Toronto and Dubai. The group is comprised of 300 professionals, providing Advisory, Fund, Asset and Property Management services in Real Estate as well as Wealth Management services.

Contacts

For further information, please contact:

Stephane Amine, President and Chief Executive Officer
Inovalis Real Estate Investment Trust

Tel: +33 1 5643 3315

stephane.amine@inovalis.com

Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust

Tel: +33 1 5643 3313

khalil.hankach@inovalis.com

VANCOUVER, British Columbia–(BUSINESS WIRE)–Today, Sapphire Balconies (Sapphire) announces its pivotal role in bringing sustainable, prefabricated balcony designs to the Vienna House residential development, a near-zero-emissions rental apartment community in East Vancouver. Developed in partnership with the Province of British Columbia, through BC Housing, Kindred Construction, and Public Architecture, Vienna House represents the future of sustainable, community-focused living in Vancouver.

Vienna House is an affordable rental apartment community that champions innovation and sustainability, incorporating advanced building techniques such as hybrid mass timber construction, Passive House design principles, and prefabricated building components. Sapphire brings innovation and sustainability to the forefront with their proprietary prefabricated aluminum balconies, a solution that combines practicality with environmental advantages and energy efficiency.

“We’re pleased to collaborate with Kindred Construction and Public Architecture to create housing that not only enhances community living, but also leads the way in sustainable residential design,” said Luke Haughton, President and Managing Director at Sapphire Balconies. “Vienna House is a tremendous opportunity to showcase our commitment to forward-thinking, eco-friendly solutions.”

Developed in partnership with the Province, through BC Housing, Public Architecture, and Kindred Construction, the project aims to provide safe, affordable, and environmentally responsible housing for Canadian residents. The community will consist of 123 units, including 57 family units, all mixed between deep subsidy, rent geared to income, and affordable market rental units.

This collaboration marks a significant step forward in Sapphire’s work in Canada, as part of a broader commitment to sustainable construction practices. Prefabricated offsite, these lightweight, modular balconies are faster to install and significantly improve safety during construction, as they can be mounted from inside patio door openings.

Sapphire’s aluminum balconies are engineered with sustainability and efficiency in mind, and their materials boast a 19% reduction in embodied carbon compared to traditional concrete balconies. Sapphire’s balcony design is more thermally efficient, reducing energy consumption and enhancing sustainability, while its lighter structure compared to concrete alternatives makes transportation and installation more efficient, cutting transport-related emissions.

To learn more about Vienna House, visit viennahouse.ca. To learn more about Sapphire Balconies, visit balconies.global.

About Sapphire Balconies

Sapphire Balconies specializes in innovative aluminum balcony solutions tailored for mid-to-high-rise residential construction. With a focus on sustainability and precision engineering, Sapphire integrates advanced prefabrication techniques to ensure faster installations, improved safety, and exceptional thermal efficiency. Sapphire continues to redefine balcony design globally with its commitment to quality and environmental stewardship. For more information, please visit www.balconies.global.

Contacts

Media Contact
Logan Findlay

logan@talkshopmedia.com
604-440-8999

Simpro’s 2025 Trades Outlook Report Reveals How Data Centralization & AI-Driven Workflow Drive Revenue Growth for Electrical, HVAC and Plumbing Business Owners

BROOMFIELD, Colo.–(BUSINESS WIRE)–Trade business owners are facing unprecedented challenges and opportunities, according to Simpro’s 2025 Trades Outlook Report. For plumbing, electrical, HVAC, and other field service business owners, the landscape has shifted dramatically, but so have the tools for success.

The report, gathering insights from over 600 diverse trade and field service businesses worldwide, reveals that companies thriving amid today’s economic pressures are those that invest in operational efficiency while building more resilient organizations.

“As someone who’s witnessed the success of trade business owners, I can tell you this is a pivotal moment,” says Gary Specter, CEO of Simpro. “The most successful businesses are facing these challenges head-on: rising customer expectations, evolving workforce dynamics, and the need to embrace technology as a competitive advantage. Those building resilient operations will see substantial growth in the coming years.”

Four Key Findings that Directly Impact the Bottom Line:

1. Focus on Operational Fundamentals

The report shows successful business owners prioritize systems that perfect the fundamentals: job management, accurate quoting, efficient scheduling, and streamlined invoicing. Nearly 80% of owners surveyed consider robust invoicing capabilities essential, recognizing that cash flow remains king.

2. Software Sprawl is Killing Efficiency

The average trade business now manages at least five software systems, with more extensive operations juggling eight or more. Yet nearly a third have no strategy for integrating the information generated by these resources. This fragmentation creates blind spots that prevent owners from making informed decisions about profitability, resource allocation, and growth opportunities.

3. AI Delivers Real ROI

For practical business owners, AI isn’t about futuristic concepts but tangible returns today. The report found that 69% of owners see AI’s most significant impact in optimizing workflows – reducing technician downtime, improving routing efficiency, and increasing job completion rates. Over 30% report that predictive maintenance capabilities help prevent costly equipment failures and emergency service calls.

4. Winning the Talent War Requires New Strategies

While blue-collar job growth continues to outpace white-collar positions, business owners still struggle to attract qualified workers. The perception problem is stark: only 23% of young people believe trades involve cutting-edge technology, while 89% of actual trades professionals report working with advanced tech daily. This disconnect has created a situation where just 16% of young people would even consider a career in the trades.

Strategic Priorities for Business Owners

For business owners looking to build more resilient operations, the report suggests three key focus areas:

1. Optimize Your Revenue Engine: The most successful owners invest in systems that streamline quoting, scheduling, invoicing, and payment processing – reducing overhead costs while accelerating cash flow.
2. Build a Data-Driven Business: Leading companies are consolidating information across their operations. Consider either hiring dedicated data expertise or partnering with software providers who can help transform your business data into actionable intelligence.
3. Modernize Your Recruiting and Retention: Forward-thinking owners are reshaping company culture to attract younger workers by highlighting the tech-driven nature of today’s trades — from automation tools that reduce manual tasks to clear pathways for career growth. Companies that lag in tech adoption risk being seen as outdated and less appealing to top talent.

“I’ve owned my security business for over fifteen years, and the pace of change has never been faster,” says Jennifer Lambert of Team Wired, a Houston-based company specializing in commercial security and fire alarm systems. “The businesses that will thrive aren’t necessarily the ones with the most trucks or the longest history – they’re the ones willing to modernize their operations while maintaining their commitment to quality service.”

Survey Methodology

Simpro partnered with Quietly Research to conduct comprehensive research for this report, drawing on insights from a series of first-party surveys across our global customer base. With over 600 responses from trade and field service businesses worldwide, the findings reflect a robust and diverse snapshot of industry trends and challenges.

About Simpro

Simpro is field service software for trade and field service businesses, offering best-in-class solutions that provide trade business leaders with a powerful workforce and business management platform that drives efficiency and growth. Simpro supports over 250,000 users worldwide, with offices in North America, Australia, New Zealand, and the UK. For more information, visit: www.simprogroup.com.

Contacts

Wise Collective, Inc. for Simpro

simpro@wisecollective.co
press@simprogroup.com

DURHAM, N.C.–(BUSINESS WIRE)–Using zinc to build a single home prevents more than 50 tonnes in carbon emissions, and if just ten percent of new homes in North America were built using zinc, more than 40 million tonnes in carbon emissions would be prevented. These impressive numbers demonstrating zinc’s success story as an agent of decarbonization are the first results of the International Zinc Association’s new Zinc Enables Decarbonization (ZED) initiative, a partnership between the International Zinc Association and Environmental Economist Benjamin Cox, Program Director of the Bradshaw Research Institute for Minerals and Mining at the University of British Columbia.

The ZED program quantifies zinc’s impact with steel on decreasing life-time costs, decreasing carbon emissions, and increasing safety in housing, infrastructure, energy and transportation. The first phase has assessed the value in residential construction, where zinc is used to coat and protect the rebar used in the reinforced concrete of a home’s foundation and in the sheeting of a metal roof. A zinc coating prevents corrosion and ensures longevity.

“Zinc plays a transformative role in building stronger, more sustainable communities, particularly in the decarbonization of residential buildings,” said Andrew Green, Executive Director of the International Zinc Association. “From the foundation to the rooftop, zinc enables long-lasting, low-maintenance solutions that enhance a home’s durability and environmental performance.”

In a typical U.S. home, a traditional foundation may last 75 years and an asphalt roof as long as 25 years, but a home using galvanized steel in concrete reinforcement and in roofing materials can double the service life and avert future costs and emissions associated with repair and replacement, according to ZED research. The selection of galvanized steel for new roofs in Europe also can prevent more than ten tonnes of carbon emissions per home and provide substantial economic savings over using tile roofing materials.

“Our research finds that zinc provides long-term savings by preventing repeated repair and replacement of a home’s roof and foundation,” said ZED Economist Benjamin Cox. “But in addition to economic savings, we’ve also accounted for the extraordinary environmental benefit provided by zinc – preventing hundreds of millions of tonnes in carbon emissions.”

The financial and environmental benefits are detailed in this graphic, showing the extended service life, lowered utility bill, and avoided environmental impact of a house built using zinc.

“Zinc’s impact in housing increases with each year of service life, adding substantial economic and environmental value to every home and providing a bright outlook for zinc and the homes it enhances,” said ZED Director Eric Van Genderen. “With these results, we can make the case to policy makers, investors, engineers, and builders to make zinc a permanent part of residential construction planning.”

The first report from the ZED program focuses on zinc’s impact on residential construction, particularly in the United States. ZED also will release reports quantifying zinc’s impact in transportation infrastructure, energy infrastructure, and the automotive industry.

About the International Zinc Association

The International Zinc Association is a non-profit trade association working on behalf of the global zinc industry and its downstream users. IZA’s mission is to provide global leadership, coordination, and value on strategic issues for the zinc industry, including market development, license to operate, communications, and sustainability.

Contacts

For more information, contact:

Tanya Correa

tcorrea@zinc.org
1-202-487-4534

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, is pleased to announce that its SmartStop Self Storage Mobile App is officially available at all 220 locations across the United States and Canada.

After a successful phased rollout, the SmartStop Self Storage mobile app is now accessible to all SmartStop customers. It offers an enhanced, tech-forward experience that puts control at their fingertips. The SmartStop mobile app is a proprietary mobile app encompassing the latest in mobile technology, including biometrics and geographically enabled security features. The app enables users to manage their accounts, make easy and secure payments, rent new units, and access gates and doors with a single touch, providing a fully integrated storage experience directly from their smartphones.

“We’re excited to bring this level of convenience to all our customers,” said H. Michael Schwartz, Chairman and CEO of SmartStop. “The mobile app reflects our ongoing commitment to innovation and making self storage more accessible, intuitive, customer-friendly, and of course, smart.”

With a focus on simplicity and functionality, the SmartStop app streamlines everyday tasks and allows users to manage their storage needs without visiting the office, empowering them with greater flexibility. The app is free for download on iOS and Android devices via the Apple App Store and Google Play Store.

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 approximately 590 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. As of April 24, 2025, SmartStop has an owned or managed portfolio of 220 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 157,200 units and 17.7 million rentable square feet. SmartStop and its affiliates own or manage 41 operating self-storage properties in Canada, which total approximately 34,400 units and 3.5 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

David Corak
Sr. VP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REIT (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential” or the “REIT”) will be releasing its financial results for the quarter ended March 31, 2025, on Wednesday, May 7, 2025.

Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.

Conference Call:

Date:		Thursday, May 8, 2025 at 10:00 a.m. (ET)
Audio:		1-844-763-8274 (toll free)
		647-484-8814 (toll)
Webcast:		A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream Residential’s website at www.dreamresidentialreit.ca and click the link for the webcast.
Digital Replay:		A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream Residential’s website.

About Dream Residential

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns a portfolio of garden-style multi-residential properties, primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

For further information, please contact:

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its April 2025 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The April distribution will be payable on May 15, 2025 to unitholders of record as at April 30, 2025.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

For further information, please contact:

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its April 2025 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The April distribution will be payable on May 15, 2025 to unitholders of record as at April 30, 2025.

About Dream Residential REIT

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns a portfolio of garden-style multi-residential properties, primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

For further information, please contact:

Dream Residential REIT

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca