TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “REIT”) (TSX: PMZ.UN) announced today significant progress on its disposition program that supports its capital recycling objectives, and provided additional commentary on its Hudson’s Bay Company (“HBC”) tenancy.

Disposition

On March 31, 2025, Primaris closed on the sale of St. Albert Centre in St. Albert, Alberta, for $60.0 million to a private real estate operator. The sale price includes a $10 million vendor-take-back loan maturing in one year bearing interest at a rate of 6.0% per annum. St. Albert Centre is anchored by a 93,300 square foot HBC.

The REIT also closed on the previously announced sale of Sherwood Park Mall, Sherwood Park Professional Centre, and excess land (“Sherwood Park Mall”), in Sherwood Park, Alberta for $107.0 million to a private retail operator and developer on February 28, 2025.

“These strategic dispositions further demonstrate our track record of executing on our well-defined growth strategy focused on market leading shopping centres in growing Canadian markets,” said Alex Avery, Chief Executive Officer. “Considering property transactions year to date, we have enhanced the appeal of our enclosed shopping centre portfolio, to our retailer tenants and shoppers, driving the portfolio’s annual same store sales productivity from $705 per square foot as at December 31, 2024, to approximately $752 per square foot on a pro forma basis.”

The dispositions were sold at IFRS fair value, with the use of proceeds allocated to future acquisitions, repurchase, and cancellation of units under the REIT’s Normal Course Issuer Bid (“NCIB”), and general trust purposes.

Sherwood Park Mall and St. Albert Centre were both unencumbered.

The below table summarizes the REIT’s dispositions year to date:

Property Name		Location		Type		Gross Leasable Area (“GLA”)		In-place Occupancy			Total CRU Sales Volume1 ($’000)			Same Stores Sales Productivity1 ($’000)			Disposition Price (millions)			Closing Date
Sherwood Park Mall		Sherwood Park, AB		Enclosed shopping centre		415,237		94.7	%		$	38,799		$	575		$	107.0		February 28, 2025
St. Albert Centre		St. Albert, AB		Enclosed shopping centre		352,812		97.3	%		$	35,396		$	556		$	60.0		March 31, 2025
						768,049					$	74,195					$	167.0
1 Commercial retail unit (“CRU”) tenants that lease units up to 15,000 square feet and include food court and kiosk tenants. As at or for the year ended December 31, 2024. Supplementary financial measure, see “Use of Operating Metrics” below.

HBC Tenancy Update

As at March 31, 2025, the REIT’s exposure to HBC is as follows:

• 9 HBC locations totaling 1,031,000 square feet of GLA;
• 14th largest tenant by annualized minimum rent;
• Approximately $10.8 million of gross rental revenue, per annum;
• $9.94 weighted average gross rent per occupied square foot;
• Approximately $4.5 million net rental revenue per annum, or 1.4% of total annualized minimum rent;
• $4.33 weighted average net rent per occupied square foot; and
• In addition to the 9 owned HBC locations, the shadow-anchor HBC located at Devonshire Mall in Windsor, Ontario is owned by an unrelated HBC joint venture.

“Primaris REIT has been preparing for the departure of HBC, as its department store peers downsized and ceased operations over the past 15 years, including Zellers, Target and Sears,” said Patrick Sullivan, President and Chief Operating Officer. “The departure of Canada’s final conventional department store will enable future value creation for our stakeholders, paving the way for optimal use of space that better reflects the evolving needs and desires of the growing communities.”

Primaris continues to closely monitor HBC’s Companies Creditor Arrangement Act (“CCAA”) process. As has been publicly reported, all HBC locations in Primaris’ portfolio have commenced liquidation, and are not expected to continue operations beyond June 30, 2025. As a result of declining operating performance, significant deferred capital maintenance, and very limited consumer foot traffic draw, Primaris believes that the departure of HBC’s tenancy will be beneficial to the REIT over the medium term, and sees significant upside in the longer term.

Primaris has updated its longstanding re-tenanting, redevelopment, and repurposing plans in relation to each of the locations with significant analysis and evaluation of alternatives. As a result, Primaris is ready to act, at first opportunity.

Financing Activity

On March 26, 2025, Primaris entered into and borrowed on a $100.0 million bilateral non-revolving term facility maturing January 4, 2028, with a one-year extension at Primaris’ option. The bilateral non-revolving term facility bears interest at variable rates of either: (i) Prime plus 0.25% per annum, or (ii) Adjusted Canadian Overnight Repo Rate Average plus 1.25% per annum. The proceeds of the drawdown were used to repay debt on the syndicated revolving term facility and for general trust purposes. Concurrently, Primaris entered into an interest rate swap for $50.0 million at an effective rate of 3.960%. This bilateral non-revolving term facility was arranged by Desjardins Capital Markets.

On March 28, 2025, Primaris repaid $133.1 million aggregate principal of the maturing Series B senior unsecured debentures, which paid a 4.267% interest rate. $100.0 million of this repayment was prefunded by a maturing term deposit which was placed in August 2024 with a portion of the proceeds from the issuance of $500 million Series E and F senior unsecured debentures.

Proforma these financings and the disposition of St. Albert Centre, Primaris has full availability on its undrawn $600.0 million unsecured revolving credit facility, and has a cash balance of $35.0 million at March 31, 2025.

Normal Course Issuer Bid Activity

Due to Primaris’ strong differentiated financial model, recent dispositions and the continued deep approximate 30% discount to the REIT’s most recently published Net Asset Value (“NAV**”) per Unit at which Primaris REIT units trade, management continues to allocate significant available funds to buy back units for cancellation under the REIT’s NCIB. In 2025 the REIT has repurchased 1,755,309 units for approximately $26.8 million through March 31, 2025 at an average price of $15.24 per unit. Repurchases under the NCIB in 2025 have already exceeded all repurchases completed in 2024, which totaled 1,534,500 for a total of approximately $23.4 million at an average price per unit of approximately $14.26, representing a discount to NAV** of approximately 34.0%.

Management continues to view repurchasing units under its NCIB as highly attractive and expects to continue to deploy capital for further repurchases for the foreseeable future.

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 15.0 million square feet, valued at approximately $4.6 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

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: HBC’s CCAA process and the impact thereof on the REIT; expectations regarding HBC’s leases and the REIT’s plans in respect of this space covered thereby and timing for such plans to be realized; and the REIT’s growth strategy, including future acquisitions of market leading shopping centres in growing Canadian markets. 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 Annual MD&A 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.

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 the date of this news release 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.

Use of Operating Metrics

Primaris uses certain financial metrics to monitor and measure the operational performance of its portfolio. Such operating metrics in this news release include CRU sales volume, same stores sales productivity, weighted average gross rent per occupied square foot and weighted average gross rent per occupied square foot. These operating metrics may constitute supplementary financial measures as defined in National Instrument 52-112, Non-GAAP and Other Financial Measures Disclosure. These supplementary measures are not disclosed in the Trust’s financial statements but may be used by management and disclosed on a periodic basis to depict historical or future expected financial performance, financial position or cash flow. For an explanation of the composition of CRU sales volume and same stores sales productivity, see “Section 8, “Operational Performance” – “Tenant Sales” in the Trust’s annual 2024 MD&A, which explanations are incorporated by reference herein. For an explanation of the composition of weighted average net rent per occupied square foot see Section 8.2, “Weighted Average Net Rent” in the Trust’s annual 2024 MD&A, which explanation is incorporated by reference herein. The Trust’s annual 2024 MD&A is available on SEDAR+ at www.sedarplus.com. Weighted average gross rent per occupied square foot is defined as total annual gross rent divided by occupied GLA.

Primaris also uses certain non-financial metrics to describe its portfolio and portfolio operation performance. Such non-financial operating metrics in this news release include, among others, in-place occupancy, which is calculated by dividing occupied square feet by total GLA.

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

Quebec’s leading online occupational health and safety training center collaborates with ISN to integrate training records and promote safer work environments.

DALLAS–(BUSINESS WIRE)–ISN, the global leader in contractor and supplier information management services, announced an agreement with SSTenligne, Quebec’s largest online occupational health and safety training center, which enables SSTenligne to integrate training records into the ISNetworld^® platform, allowing ISN Hiring Clients in Quebec enhanced visibility into contractor qualifications and improved safety processes.

“This collaboration with ISN allows us to expand the reach and impact of our occupational health and safety training programs,” said Martin Fiset, Founder and General Manager of SSTenligne. “By integrating our training records directly into ISNetworld, we are offering businesses in Quebec a seamless way to validate contractor qualifications, reduce risks, and uphold the highest safety standards in the workplace.”

Headquartered in Trois-Rivières, Quebec, SSTenligne is the region’s largest online occupational health and safety training center, trusted by companies ranging from small businesses to global enterprises. With training programs recognized by Quebec’s leading contractors, SSTenligne equips organizations with the tools needed to meet required safety and compliance standards. This new arrangement enables ISN Hiring Clients to verify contractor training qualifications with greater efficiency and confidence while prioritizing workplace safety.

“We are excited to partner with SSTenligne, the training leader in Quebec. This new relationship reinforces ISN’s commitment to provide tailored solutions to customers in Quebec,” said Kim Ritchie, Senior Vice President at ISN. “This integration provides ISN Hiring Clients actionable insights into contractor training and qualifications to help create safer, more transparent work environments. Together, SSTenligne and ISN will strive to help advance safety and compliance processes in Quebec.”

For more information on ISN’s industry-leading software and services, visit isn.com.

About ISN

ISN is the global leader in contractor and supplier information management, with more than 20 years of experience connecting 850 Hiring Clients in capital-intensive industries with 85,000 active contractors and suppliers to promote safety, health, and sustainability in the workplace. ISN’s brands include ISNetworld^®, a global online contractor and supplier management platform, Transparency-One^®, a responsible sourcing platform built to bring transparency to supply chain management, and Empower^®, a worker-level app built to keep workers moving forward.

ISN has 14 offices around the globe which provide award-winning support and training for its customers in more than 85 countries. ISN takes pride in leading worldwide efforts to improve the efficiency and effectiveness of contractor and supplier management systems and in serving as a world-class forum for sharing industry best practices, benchmarking performance, providing data insights among its members, and helping decision makers, including board members, ensure contractor and supplier risk is assessed and monitored. For more information, visit isn.com.

About SSTenligne

SSTenligne, a subsidiary of SPI Health &Safety, is a leading online training center specializing in occupational health and safety. With over 500,000 members and more than 15,000 businesses relying on SSTenligne’s services, SSTenligne is a trusted partner in workplace safety training.

Every year, SSTenligne delivers nearly 400,000 training sessions, helping companies ensure compliance with workplace safety regulations while empowering employees with essential knowledge. SSTenligne’s comprehensive course catalog covers workplace hazard prevention, emergency procedures, and industry-specific safety protocols.

Designed for flexibility, SSTenligne’s online platform allows users to complete training anytime, anywhere. Upon successful completion, participants receive recognized certifications that meet legal and industry standards.

SSTenligne is committed to making occupational health and safety training more accessible, engaging, and effective. Join SSTenligne in building safer workplaces—one training at a time.

For more information, visit sstenligne.com.

Contacts

Media Contact
Taylor D’Eliseo

Walker Sands for ISN

isnpr@walkersands.com

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced that it is scheduled to release its financial and operational results for the three months ended March 31, 2025, after the market closes on Monday, May 5, 2025.

Interested parties are invited to participate in a conference call with management on Tuesday, May 6, 2025 at 10:00 a.m. Eastern time. To access the conference call, click on the following link to register at least ten minutes prior to the scheduled start of the call: Pre-registration link. Participants who pre-register prior to the call will receive an email with dial-in credentials including login passcode and PIN to gain immediate access to the live call. Those that are unable to pre-register may dial-in for operator assistance by calling 1-833-950-0062 and entering the access code:479261.

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

If you cannot participate in the live mode, a replay will be available for one week following the date of the live conference call. To access the replay, please dial 1-866-813-9403 followed by the access code: 981805.

About RioCan

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2024, our portfolio is comprised of 178 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan’s interest). To learn more about us, please visit www.riocan.com.

Contacts

RioCan
Ava Ghukasyan

Director, Investor Relations

(416) 646-8326

SAN FRANCISCO–(BUSINESS WIRE)–#farmlandlp–Farmland LP, the largest fund manager focused on organic and regenerative farmland in the U.S., has been named Farmland Fund Manager of the Year – Americas and awarded Runner-Up for Farmland Deal of the Year – Americas by Agri Investor. The prestigious awards recognize leaders in agricultural investment who demonstrate innovation, impact, and strong financial performance.

Read more about this award on the Farmland LP website.

“Being recognized by Agri Investor validates our unwavering commitment to soil health and regenerative agriculture,” said Craig Wichner, Founder and Managing Partner of Farmland LP. “Since 2009, we have transformed conventional farms into high-value, organic, and regenerative farmland, driving financial returns for our investors while improving farmland ecosystems.”

Farmland LP’s strategy focuses on acquiring conventional farmland in prime growing regions and converting it to organic and regenerative production. This approach enhances both land value and revenue generation while providing long-term resilience in the face of market and climate fluctuations.

The firm’s recognition for Farmland Deal of the Year – Americas (Runner-Up) stems from its acquisition of three farms in the San Joaquin Delta, a deal structured to maximize returns while improving environmental outcomes.

Read more about this award-winning farmland deal here.

With Fund III actively raising $250M in capital, we are expanding our portfolio of high-quality farmland assets and continuing to execute our strategy of transforming conventional farmland into thriving, organic and regenerative operations. Farmland LP’s investment approach continues to attract institutional capital. In 2024, the firm secured an investment in their Fund III from the Microsoft Climate Innovation Fund, which supports climate-focused initiatives and sustainable agriculture.

“As demand for organic food and carbon sequestration opportunities grows, institutional investors increasingly recognize farmland as a premier alternative asset class,” added Wichner. “We are proud to be at the forefront of this movement, demonstrating that regenerative agriculture is both financially compelling and environmentally beneficial.”

About Farmland LP

Founded in 2009, Farmland LP is the largest manager focused on organic and regenerative farmland in the U.S., overseeing more than 18,500 acres across the Pacific Northwest and California. The firm acquires and transforms conventional farmland into high-value crop production, delivering attractive financial returns while improving soil health, water resources, and biodiversity. For more information, visit farmlandlp.com

Contacts

Media Contact: Ian Murphy, (805) 880-0852, ian@farmlandlp.com

CoreLogic to rebrand to Cotality, reflecting the company’s mission to unify property professionals, strengthen industry relationships, and drive innovation globally.

IRVINE, Calif.–(BUSINESS WIRE)–#WeAreCotality–CoreLogic today announced its global rebrand to Cotality, marking the company’s progression to a leader in property information, analytics, and data-enabled solutions from its origins in financial services supporting the mortgage industry. This rebrand introduces a new name, logo, and brand identity that reflect the company’s transformation into an information services provider that is creating a faster, smarter, and more people-centric property industry.

“The property ecosystem underpins the prosperity of individuals, businesses, governments, and society as a whole. But at the core, it’s people, businesses, and communities that drive it forward. Cotality’s insights build on this, by turning questions into futures you can see,” said Patrick Dodd, President and CEO of Cotality. “This rebrand reflects innovation, evolution, and commitment to uniting property professionals – strengthening businesses, fostering relationships, and powering outcomes that balance logic and data with humanity and emotion. Our name is changing to demonstrate the company’s unmatched dedication and service to clients around the world.”

The new name, Cotality, reflects the company’s deep commitment to collaboration and connectivity, both internally and externally, while honoring its CoreLogic roots. It also signifies its approach of totality, delivering comprehensive data and insights across the entire property ecosystem and beyond. Tying it all together is the company’s spirit of vitality – placing the idea that helping people thrive is at the center of every insight and workflow.

Alongside the new Cotality name sits the tagline: Intelligence beyond bounds^TM. This tagline serves as both a first impression and a powerful expression of the company’s identity. It is an embodiment of the seamless integration of data, technology, artificial intelligence, insights, and people that inspire Cotality to collaborate across the entire lifecycle of properties and homeowners.

“Our new name and tagline reflect the essence of who we are and where we’re headed. This transformation is a natural evolution, honoring our roots while embracing a future defined by collaboration, innovation, and impact,” said Kristie Vainikos Stegen, Chief Brand and Communications Officer of Cotality. “This isn’t just about a new look; it’s about harnessing the power of data and technology and empowering people – internally and externally – to drive meaningful change globally.”

Cotality empowers industry professionals across home lending, insurance, real estate, and government worldwide. With operations in the United States, Canada, the United Kingdom, Australia, New Zealand, India, and Germany, Cotality’s new global brand identity will build on the company’s trusted legacy to deliver innovation and drive smarter decisions while expanding its global reach.

For more details and to learn more about Cotality, click here.

About Cotality

Cotality accelerates data, insights and workflows across the property ecosystem to enable industry professionals to surpass their ambitions and impact society. With billions of real-time data signals across the life cycle of a property, we unearth hidden risks and transformative opportunities for agents, lenders, carriers and innovators.

Notes to Editors

Additional assets, including logo lockups and a promotional video, are available here. Reach out to newsmedia@corelogic.com for access.

Contacts

Media Contacts
Kristie Vainikos Stegen

Cotality

newsmedia@corelogic.com

Holland Eichorn

Caliber Corporate Advisers

holland@calibercorporateadvisers.com

Partnership brings blockchain-powered commercial real estate investment opportunities to the Canadian market

TORONTO–(BUSINESS WIRE)–#blockchain–The Polymesh Association and Ocree Capital Inc. today announced the launch of a Canadian regulated real estate platform utilizing blockchain, featuring a $51.9 million commercial real estate property as its inaugural listing. This strategic partnership brings together Polymesh’s purpose-built blockchain for regulated assets with Ocree’s exempt market dealer (EMD) licenses in all provinces and territories of Canada, except Quebec, to transform how Canadians invest in commercial real estate.

The Ocree platform, built exclusively on the Polymesh blockchain, enables fractional ownership of premium commercial properties through a user-friendly “point and click” interface. Its simplified approach to property fractionalization enables accredited investors to access an asset class traditionally limited to institutional investors and industry professionals. Now, investing in a high quality real estate deal can be as easy as ordering an Uber, or checking out on Amazon.

“Our mission at Ocree is to unlock possibilities in commercial real estate investing by removing traditional barriers to entry while maintaining the highest standards of security, compliance, and transparency,” said Ted Davis, CEO of Ocree Capital Inc. “By building on Polymesh’s institutional-grade public permissioned blockchain, we’ve created a platform that benefits both property owners seeking liquidity and investors looking for access to premium real estate opportunities.”

The platform is now live with its inaugural listing – the $51.9 million commercial property in Winnipeg, Manitoba – with $4 million of equity being offered for investors to purchase fractional ownership through Ocree’s streamlined process. The first listing is 15 Berwick Court, Winnipeg, a professionally managed 156-unit Class “A” multi-residential development, designed to meet the rising demand for sustainable, high-end living, and that is aligned with Ocree’s commitment to providing clients with high-quality assets.

“We’re proud to collaborate with Ocree Capital on this milestone initiative exemplifying how blockchain can bring greater access, transparency, and efficiency to real estate markets,” said Will Vaz-Jones, Head of Partnership Development at the Polymesh Association. “Ocree’s regulatory approach and expertise, combined with Polymesh’s purpose-built blockchain infrastructure, creates a powerful solution for the Canadian market.”

The Ocree platform was developed in collaboration with industry veterans from leading real estate organizations, leveraging decades of commercial real estate expertise to cultivate the best experience for asset owners and real estate investors looking to engage in blockchain-based investments.

For more information about Ocree Capital and to explore investment opportunities, visit https://www.ocreefg.com. To learn about Polymesh’s blockchain technology, visit https://polymesh.network.

About Ocree Capital Inc.

Ocree Capital is a Canadian corporation, registered as an Exempt Market Dealer in all provinces and territories of Canada, with the exception of Quebec. Ocree Capital offers securities of issuers listed on the Ocree Platform to clients that are eligible to purchase exempt securities as qualified investors. Ocree’s Platform is specifically tailored to the commercial real estate industry, providing qualified investors with opportunities to invest directly in commercial real estate through fractionalized offerings.

About Polymesh Association

The Polymesh Association is a not-for-profit dedicated to the growth of the Polymesh ecosystem through Polymesh and Polymesh Private. Polymesh is a leading public permissioned blockchain purpose-built for real world assets that streamlines capital markets and opens the door to new financial products. Polymesh Private is a private permissioned instance of Polymesh that can be deployed by enterprises.

Visit polymesh.network to learn more.

Contacts

Graeme Moore

Co-Founder & Head of Tokenization

Polymesh Association

graeme@polymesh.network

GivEnergy Joins Trusted Energy Interoperability Alliance (TEIA) to Address Growing Demand for Secure Energy Interoperability

NEWCASTLE, England & BERKELEY, Calif.–(BUSINESS WIRE)–GivEnergy, a leading provider of battery storage solutions, today announced a strategic partnership with Intertrust to deploy secure, interoperable battery systems globally. As part of the partnership, the company joined the Trusted Energy Interoperability Alliance (TEIA) to advance this open-standards initiative.

“As distributed energy resources become increasingly essential for our energy future, the need for secure connectivity and interoperability has never been more urgent,” said Jason Osler, CEO of GivEnergy. “By joining TEIA and partnering with Intertrust, we’re committing to an open, secure ecosystem that will benefit not just our customers, but the entire industry.”

The partnership delivers three key innovations to the distributed energy market:

• Enhanced grid services. The partnership enables virtual power plants (VPPs), flexibility energy providers and distributed energy management systems (DERMs) to seamlessly integrate secure battery systems, significantly improving operational efficiency, security and grid management capabilities.
• Intertrust Connect integration. GivEnergy and Intertrust will provide TEIA-compliant secure, interoperable batteries to customers, enabling secure communication with other TEIA-compliant energy assets regardless of manufacturer using the Intertrust Connect secure TEIA system.
• Advancing Interoperability via the TEIA standard. GivEnergy’s participation in TEIA adds valuable expertise to the advancement of the TEIA specifications, adding real world technical expertise from 13 years of deployments around the world.

“We’re delighted to partner with GivEnergy to field TEIA-compatible solutions through Intertrust Connect,” said Talal G. Shamoon, Intertrust CEO. “Our collaboration delivers secure interoperability for distributed energy resources while adhering to the industry standards that TEIA represents.”

Founded in early 2024 by E.ON, GS Energy, JERA, Origin Energy and Intertrust, TEIA provides a common secure trust model for digital energy services. TEIA specifications allow digital energy systems to securely access and control Internet connected devices from different OEMs using a common security model, solving the problem of managing multiple proprietary OEM security systems. TEIA complements standards like Mercury, providing a security layer that allows interoperability.

“Security is critical to power companies and OEMs fielding AI/IoT driven digital energy systems such as VPPs,” said Cameron Briggs, TEIA’s chairman. “We welcome them to the initiative and look forward to collaborating closely with them as we advance the standard.”

About GivEnergy

GivEnergy, the UK’s leading energy storage brand, designs and distributes innovative battery systems for residential and commercial use. Our ecosystem integrates inverters, EV chargers, and energy management software, enabling customers to store renewable energy, cut bills by 85%, and reduce emissions. Recognized with awards like the EUPD Top Brand PV Awards and National Sustainability Awards, GivEnergy combines advanced engineering and sustainability. We prioritize data security with UK-based GDPR compliance. Through GivEducation, our non-profit, we inspire STEM leaders, empowering communities to adopt greener lifestyles. We focus on creating a sustainable, fossil-free future, one home at a time.

​​About Intertrust

Intertrust, a pioneer and innovator in the field of trusted distributed computing, creates solutions to persistently protect IoT services and data assets—in transit, in use, and at rest. Headquartered in the San Francisco Bay Area, Intertrust develops and licenses its technologies for IoT, AI, and Web3. Its digital rights management (DRM) technology continues to revolutionize the media and entertainment industry and paves the way for today’s video and music streaming services and Web3 marketplaces. For more information, visit us at intertrust.com, or follow us on X or LinkedIn.

About TEIA

TEIA, the Trusted Energy Interoperability Alliance, is a global organization that develops open standards to ensure digital security and interoperability in the energy industry. Founded by E.ON SE, GS Energy, Intertrust, JERA and Origin, TEIA’s trust model enables a more decarbonized energy future through the broad adoption of trusted digital energy applications. TEIA is open to participation from all companies and organizations active in the digital energy ecosystem. Find further information at https://www.trusted-energy.org/.

Contacts

Intertrust

Doug Uptmor

duptmor@intertrust.com

ATLANTA–(BUSINESS WIRE)–FirstKey Homes, an industry-leading provider of single-family rental homes nationwide, today announced that it was named one of USA Today’s top workplaces in the United States for 2025.

“FirstKey Homes is dedicated to being a great place to work and is proud to be recognized by USA Today for the fourth year in a row. Our culture, which values teamwork, inclusion, accountability, excellence, integrity and kindness, is a cornerstone of everything we do,” said Mark W. Smith, President of FirstKey Homes. “FirstKey Homes is dedicated to fulfilling its mission to provide communities around the country with well-kept and maintained single family rental homes. We take the responsibility to serve our residents and the communities where we are active very seriously, and it would not be possible without the hard work and dedication of our entire team.”

USA Today’s Top Workplaces award recognizes organizations that have built people-first cultures. The award highlights each winner as an employer of choice for those seeking opportunities in the industry and is based on employee feedback results captured by the Energage Workplace Survey, which rates companies based on employee feedback gathered over the previous 12 months.

FirstKey Homes was also honored at the 2024 Information Management Network (IMN) Single-Family Rental Awards, including being named Property Management Company of the Year for the second year in a row, and received awards for Woman Operator of the Year, Minority Operator of the Year, Diversity, and Rising Star.

About FirstKey Homes

FirstKey Homes, LLC, is a privately owned single-family rental home property management company with corporate headquarters in Atlanta, Georgia. With a mission to give our family of residents a place to call home, FirstKey Homes manages nearly 52,000 safe, affordable, and well-maintained homes in 29 markets across the West, Midwest, and Southeast.

Contacts

Media Contact
Terry Fahn

Sitrick And Company

(310) 788-2850

terry_fahn@sitrick.com

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

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact”, “we”, “our” or the “Trust”) today provides an update on certain financing activities.

We are pleased to announce the Trust has secured financing for the redevelopment of 49 Ontario St. The redevelopment site is located in downtown Toronto in close proximity to a future Ontario Line transit stop and will deliver over 1,200 much needed rental units upon completion. With the City of Toronto’s waiver of development charges for 49 Ontario St. announced in December 2024, and securing the construction loan, we are another step further to starting this important project for the Trust.

In addition to 49 Ontario St., the Trust continues to make steady progress on the pre-development of initial blocks at Quayside and has obtained a conditional approval for financing for approximately 1,200 rental units (at 100% project level). Both 49 Ontario St. and Quayside are projects named as part of a broader partnership between the City of Toronto and the federal government to deliver affordable and purpose-built rental housing in Toronto.

Further project updates will be provided as part of the Trust’s quarterly results expected to be released on May 5, 2025.

About Dream Impact

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

Forward-Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “timeline”, “potential”, “strategy”, “targets”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Some of the specific forward-looking information in this press release may include, among other things, statements relating to the Trust’s objectives and strategies to achieve those objectives; the Trust’s expectations regarding the redevelopment of 49 Ontario St., including that the site will be in close proximity to an Ontario line transit stop, the number of units delivered and timing of the project; the Trust’s progress on the pre-development of initial blocks at Quayside; and the Trust’s ability to consummate financing at Quayside, including with respect to the number of units. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Trust’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: adverse changes in general economic, market and political conditions; liquidity risk; financing and risk relating to access to capital; interest rate risk; risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, and international sanctions; inflation; risks related to the imposition of duties, tariffs and other trade restrictions and their impacts; the disruption of free movement of goods and services across jurisdictions; risks inherent in the real estate industry; risks relating to investment in development projects; impact investing strategy risk; risks relating to geographic concentration; risks inherent in investments in real estate, mortgages and other loans and development and investment holdings; credit risk and counterparty risk; competition risks; environmental and climate change risks; risks relating to access to capital; the risk of changes in governmental laws and regulations; tax risks; foreign exchange risk; acquisitions risk; and leasing risks. Our objectives and forward-looking statements are based on certain assumptions with respect to each of our markets, including that the general economy remains stable; the gradual recovery and growth of the general economy continues over 2025; that no unforeseen changes in the legislative and operating framework for our business will occur; that there will be no material change to environmental regulations that may adversely impact our business; that we will meet our future objectives, priorities and growth targets; that we receive the licenses, permits or approvals necessary in connection with our projects; that we will have access to adequate capital to fund our future projects, plans and any potential acquisitions; that we are able to identify high-quality investment opportunities and find suitable partners with which to enter into joint ventures or partnerships; that we do not incur any material environmental liabilities; there will not be a material change in foreign exchange rates; that the impact of the current economic climate and global financial conditions on our operations will remain consistent with our current expectations; that no duties, tariffs or other trade restrictions will negatively impact the Trust; and competition for and availability of acquisitions remains consistent with the current climate.

All forward-looking information in this press release speaks as of March 20, 2025, unless otherwise noted. The Trust does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in the Trust’s filings with securities regulators filed on the System for Electronic Document Analysis and Retrieval+ (www.sedarplus.com), including its latest annual information form and MD&A. These filings are also available at the Trust’s website at www.dreamimpacttrust.ca.

Contacts

For further information, please contact:

Meaghan Peloso
Chief Financial Officer

416 365-6322

mpeloso@dream.ca

Kimberly Lefever
Director, Investor Relations

416 365-6339

klefever@dream.ca

Transaction Growth and Agent Optimism Indexes Ease but Remain Near Recent Highs

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (NASDAQ: REAX, “Real”), a technology platform reshaping real estate for agents, home buyers and sellers, today released results from its February 2025 Agent Survey. The findings indicate that housing inventory is rising in many markets, leading to longer listing times and increased price reductions as sellers adjust expectations. Meanwhile, Real’s Agent Optimism and Transaction Growth indexes moderated in February, though remain elevated relative to last year.

“Higher inventory levels are giving buyers more options and greater negotiating power, but affordability still remains the biggest hurdle in today’s market,” said Tamir Poleg, Chairman and CEO of Real. “While our Transaction Growth Index softened slightly from last month, the overall market continues to show signs of stabilization.”

“As more homes come on to the market agents are advising sellers to set realistic price expectations and, in some cases, invest in upgrades to attract buyers,” said Sharran Srivatsaa, President of Real. “Sellers who overprice their homes are seeing longer days on market, while those who price more competitively or enhance their listings with staging and cosmetic improvements are securing more offers and faster sales.”

Key Survey Findings: Market Trends and Insights

• Transaction Growth Index Slips Back into Contraction: Real’s Transaction Growth Index, which measures year-over-year changes in home sales activity as reported by agents, edged down to 49.1 in February, from 51.3 in January. A reading below 50 signals contraction, marking a return to declining transaction volumes after January’s expansionary reading.
  • U.S. transaction activity softened according to agents, with the sub-index slipping to 49.4 in February from 50.2 in January.
  • Canada saw a more pronounced decline, with the sub-index falling to 46.2 from 60.5 in January, its first contractionary reading since August 2024.
• Agent Optimism Index Eases but Remains Near Recent Highs: Real’s Agent Optimism Index, which tracks agent sentiment on local market conditions over the next 12 months, registered 70.4 in February, down from 74.0 in January, though still near historic highs. Forty-eight percent (48%) of agents reported feeling more optimistic about their local market compared to the previous month, with 22% feeling significantly more optimistic. Only 9% of agents felt more pessimistic, while 22% remained neutral.
• Market Conditions Remain Balanced, But Buyer Power is Growing: In February, 33% of agents described their market as balanced, down from 36% in January. Thirty-four percent (34%) still reported a seller’s market, unchanged from the prior month, while 33% identified a buyer’s market, up from 30% in January. This points to a gradual shift toward more buyer-friendly conditions.
• Affordability Remains the Top Challenge for Buyers, But Economic Uncertainty is Rising: While 53% of agents cited affordability as the biggest hurdle for homebuyers—down from 61% in January—another 15% noted concerns over economic uncertainty as the biggest challenge facing homebuyers, up from 10% the prior month. Inventory constraints were noted by 24% of agents, a slight uptick from 23% in January, while buyer competition remained limited, with just 4% of agents citing it as a key issue.

Key Survey Findings: Housing Inventory Trends

• Housing Inventory Rises in Most Markets: A majority of agents (52%) reported higher housing inventory than a year ago, with 15% citing a significant increase in their markets and 37% noting a slight rise. Meanwhile, 28% said inventory levels have remained steady, while 20% observed a decline in available listings.
• Agents Advise More Competitive Pricing as Inventory Increases: Among agents in markets with rising inventory, 49% are advising sellers to set lower initial listing prices to reduce time on market. Twenty-two percent (22%) recommend home upgrades or professional staging to improve marketability, while 12% suggest more frequent price reductions if homes aren’t selling. Another 12% are maintaining previous pricing strategies, and 2% are recommending higher list prices to allow for more negotiation.
• Buyers Leverage Higher Inventory to Negotiate More Aggressively: Forty-five percent (45%) of agents said they are encouraging buyers to negotiate harder on price due to increased inventory, while 24% report no major change in buyer strategy. Additionally, 13% suggest buyers take more time evaluating multiple options, and another 13% recommend buyers include more contingencies when submitting offers.
• Homes Are Taking Longer to Sell: Approximately two-thirds (65%) of agents said homes are sitting on the market longer than this time last year, with 50% reporting a slight increase in time on market and 15% noting a more significant rise. Twenty-two percent (22%) indicated that listing times are unchanged, while only 13% of agents reported a decrease in time on market.
• Lofty Seller Expectations Are Primary Cause of Longer Time on Market: Among agents seeing longer selling times, 41% cited unrealistic seller pricing expectations as the main cause, while 39% pointed to affordability constraints limiting buyer demand. Ten percent (10%) attributed longer market times to increased competition from other listings, 5% to outdated property features, and 1% to other property-specific challenges.

A summary presentation of these results can be found on Real’s investor relations website at the link here.

About the Survey

The Real Brokerage February 2025 Agent Survey included responses from over 500 real estate agents across the United States and Canada and was conducted between February 28, 2025 and March 11, 2025. Responses to questions regarding transaction growth and agent optimism were calibrated on a 0-100 point index scale, with readings above 50 indicating an improving trend, whereas readings below 50 indicate a declining trend. Responses are meant to capture industry-level information and are not meant to serve as an indication of Real’s company-specific growth trends. Additionally, given the smaller sample size, there can be greater variability in Canada index results on a month-to-month basis.

About Real

Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence in all 50 states throughout the U.S. and Canada, Real supports over 26,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding the residential real estate market in the U.S. and Canada.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to expectations regarding 2025 market conditions. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. Important factors that could cause such differences include, but are not limited to, slowdowns in real estate markets and economic and industry downturns, and those risk factors discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 6, 2025, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Contacts

Investor inquiries, please contact:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

press@therealbrokerage.com
201.564.4221

STACKT, a proudly Canadian company redefining the boundaries of innovation, stands as this year’s sole Canadian honouree in Fast Company’s Economic Development Category.

TORONTO–(BUSINESS WIRE)–STACKT is proud to have been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2025. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations to set new standards and achieve remarkable milestones in all sectors of the economy. Alongside the World’s 50 Most Innovative Companies, Fast Company recognizes 609 organizations across 58 sectors and regions.

STACKT has secured an impressive #4 ranking in Fast Company’s Economic Development category, the only Canadian company to land on this year’s list, a recognition of its groundbreaking role in creative placemaking. This transformative moment marks a pivotal milestone as STACKT starts the expansion beyond its Toronto flagship, launching STACKTˣ across Canada, a small business accelerator platform that’s reshaping the future of commerce and empowering Canadian small businesses.

STACKTˣ empowers entrepreneurs by tackling key challenges like access to retail space and professional networks. Through monthly storefront grants, exclusive networking events, partner perks, and educational resources, the platform equips businesses with the tools they need to thrive. With over 11,000 entrepreneurs on the horizon, STACKTˣ is fueling innovation that strengthens the Canadian economy. Since its inception, the platform has awarded 30 small business grants, helping diverse businesses take their first step into physical retail and amplifying its impact across Canada.

“We’re thrilled to be recognized on Fast Company’s list of the World’s Most Innovative Companies of 2025 as a testament to our pursuit of innovating urban spaces and amplifying local voices,” said Matt Rubinoff, founder and president of STACKT. “This recognition comes after exciting growth for STACKT, highlighted by the launch of our Canadian expansion with STACKTˣ and the addition of new events, businesses, and partnerships at our Toronto flagship. STACKT isn’t just about making use of empty city spaces, it’s creating spaces that amplify commerce and the community for the greater good.”

Beyond the launch of STACKTˣ, STACKT market continues to strengthen its ecosystem with purpose, hosting over 300 events in 2024 and welcoming over 1,000 businesses to its flagship location in the heart of downtown Toronto. The company also secured a 10-year lease with the City of Toronto last year, solidifying its role in supporting Canadian businesses and celebrating diverse cultures. Through these initiatives, STACKT demonstrates its ongoing dedication to community engagement, inclusivity, and local business development.

The World’s Most Innovative Companies stands as one of Fast Company’s most anticipated editorial efforts of the year. To determine honourees, Fast Company’s editors and writers review companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world.

The full list of Fast Company’s Most Innovative Companies honourees can now be found at fastcompany.com. It will also be available on newsstands beginning March 25.

ABOUT STACKT

STACKT creates innovative ecosystems that drive a new way of thinking. From large-scale public spaces to satellite pop-ups, STACKT designs concepts that provide inspiration, opportunity and connection. The community is made up of innovators, entrepreneurs, creators, collaborators, and consumers alike. STACKT’s award-winning Toronto flagship, STACKT market, animates over 100,000 square feet with art, retail, events and public space. The dynamic space shifts alongside the brands and experiences within it. More than a market, STACKT is a SPACE FOR US. For more information, visit www.stacktmarket.com.

ABOUT FAST COMPANY

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with fellow business publication Inc. For more information, please visit fastcompany.com.

Contacts

Media Contact (Canada):

Samantha Berdini

Senior Account Manager, Category Communications

samantha@categorycomms.com
647-238-5256

 Nominations open for 2025 North American Female Roofing Professional of the Year

HERNDON, Va.–(BUSINESS WIRE)–$becn #Ambition2025—Beacon (Nasdaq: BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today the launch of its fifth annual North American Female Roofing Professional of the Year campaign. This campaign celebrates women across the U.S. and Canada who are raising the bar in the roofing industry—whether on the job site, in the office, or out in the community.

Beacon invites the public to nominate outstanding female roofing professionals who demonstrate excellence, a commitment to putting people first, making safety a priority, doing the right thing, and building for her customers, her coworkers, and her community. Whether they work in operations, accounting, sales, ownership, estimating, or other key roles, every woman making an impact in the industry deserves recognition. Nominations can be submitted through April 18^th by visiting the campaign website. In May, five finalists will be announced, and the public will have the opportunity to vote for their favorite finalist. The winner and runners-up will be announced in June, with all five honorees receiving funding for professional growth, such as attending the International Roofing Expo.

“Women in roofing are making their mark on the roofing industry in incredible ways as trailblazers, problem-solvers, and leaders, and we’re proud to celebrate their contributions,” said Elizabeth Fenbert, Beacon’s Vice President of Sales. “This program goes beyond individual recognition to elevate the women in our industry who are driving innovation and inspiring future generations.”

Last year’s winner, Brooke Laizure, Owner of Whirlwind Roofing & Construction (Whirlwind) in Bixby, Oklahoma, was recognized as the 2024 North American Female Roofing Professional of the Year for her exceptional work ethic and commitment to empowering other women.

“It has been an incredible honor to be recognized among so many hardworking and talented women in the roofing industry,” said Laizure. “Roofing has allowed me to support my community and work alongside incredible women who are making a difference every day. I’m grateful to Beacon for recognizing the impact of women in our industry and supporting their continued growth and success.”

Through April 18^th, 2025, the public can nominate a female roofing professional by visiting the campaign website or emailing FemaleRoofingContest@becn.com. Nominations should include the nominee’s name, role, accomplishments, and a brief biography, along with a photo.

To learn more about the campaign and read the official rules, visit go.becn.com/femaleroofpro/rules.

About Beacon

Founded in 1928, Beacon is a publicly-traded Fortune 500 company that distributes specialty building products, including roofing materials and complementary products, such as waterproofing. The company operates over 580 branches throughout all 50 states in the U.S. and 7 provinces in Canada. Beacon serves an extensive base of approximately 110,000 customers, utilizing its vast branch network and service capabilities to provide high-quality products and support throughout the entire project lifecycle. Beacon offers its own private label brand, TRI-BUILT^®, and has a proprietary digital account management suite, Beacon PRO+^®, which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.beacon-canada.com.

Contacts

INVESTOR CONTACT
Binit Sanghvi

VP, Capital Markets and Treasurer

Binit.Sanghvi@becn.com
972-369-8005

MEDIA CONTACT
Jennifer Lewis

VP, Communications and Corporate Social Responsibility

Jennifer.Lewis@becn.com
571-752-1048