LADERA RANCH, Calif.–(BUSINESS WIRE)–Blue Door AM I, LLC, an indirect subsidiary of Strategic Storage Growth Trust III, Inc. (“SSGT III”), and an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), announced that its Delaware Statutory Trust offering, Blue Door Property I, DST is now fully subscribed.

The offering, which provided accredited investors with the opportunity to participate in institutional-quality self-storage assets through a 1031 exchange or direct cash investment, reached its maximum equity raise of $29.75 million. Blue Door Property I, DST is part of SmartStop’s growing platform of tax-advantaged real estate programs designed to deliver income potential, portfolio diversification, and capital preservation.

“The full subscription of Blue Door Property I, DST underscores the growing demand for tax-deferred solutions among commercial exchange buyers and the appeal of institutional-quality self-storage investments for Main Street investors,” said H. Michael Schwartz, Chairman and CEO of SmartStop. “The long-term resiliency of the self-storage sector continues to make it a compelling destination for capital, and we remain committed to sourcing and managing high-quality assets that support stable income, preservation of capital, and consistent performance for our investors.”

About Strategic Storage Growth Trust III, Inc. (SSGT III):

Strategic Storage Growth Trust III, Inc. (“SSGT III”) is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III’s primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of November 24, 2025, SSGT III has a portfolio of seven operating properties in the United States, comprising approximately 6,040 units and 655,275 net rentable square feet; five operating properties in Canada, comprising approximately 3,180 units and 326,190 net rentable square feet; and joint venture interests in three developments in two Canadian provinces (Québec and British Columbia). In addition, Blue Door Asset Management I, a subsidiary of SSGT III, serves as the sponsor of three Delaware Statutory Trusts, which currently own eight operating properties in the United States comprising approximately 5,420 units and 697,400 net rentable square feet.

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

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs, and through its indirect subsidiary Argus Professional Storage Management, LLC, offers third-party management services in the U.S. and Canada. As of November 24, 2025, SmartStop has an owned or managed portfolio of more than 460 operating properties in 34 states, the District of Columbia, and Canada, comprising approximately 270,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties in Canada, which total approximately 42,200 units and 4.3 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

David Corak
SVP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

DALLAS–(BUSINESS WIRE)–Hyphen Solutions, the leading provider of cloud-based residential construction project management software, today announced the launch of BuilderGM’s new Onscreen Takeoff feature, now available within the BuilderGM solution.

The new Onscreen Takeoff functionality represents a major step forward for BuilderGM, bringing seamless digital takeoff capabilities directly into the estimating workflow, no third-party tools, manual measurements, or paper plans required.

Feature Innovation: Built-In Digital Takeoff for Builders, Remodelers or Contractors

With BuilderGM’s Onscreen Takeoff, Builders can perform digital measurements directly from uploaded plans and instantly connect quantities to estimates, all inside the BuilderGM solution. This integrated approach streamlines estimating, eliminates redundant steps, and ensures teams are working from a single source of truth.

By embedding takeoff functionality directly into BuilderGM, Hyphen Solutions is empowering Builders to move away from disconnected systems and manual workflows, advancing their digital transformation from the very first phase of every project.

Value to Builders and Contractors: Faster, More Accurate, and More Profitable Estimating

BuilderGM’s Onscreen Takeoff helps Builders save valuable time and reduce costly errors during the estimating process. Builders can now achieve:

• Up to 70% faster estimates
• Up to 80% reduction in takeoff errors
• A 100% digital workflow that saves hours or even days depending on project complexity

The result is a smarter, more efficient estimating process that improves accuracy, speeds up bidding, and ultimately enhances profitability.

-Ricky Fowler, Product Owner, BuilderGM

“BuilderGM’s new Onscreen Takeoff feature gives Builders the speed and confidence they need to estimate accurately and efficiently,” said Ricky Fowler, Product Owner for BuilderGM at Hyphen Solutions. “By bringing takeoff directly into the BuilderGM solution, we’re removing barriers, reducing manual entry, and helping Builders spend less time measuring and more time building.”

Learn More

To experience how BuilderGM’s Onscreen Takeoff can transform your estimating process, visit the BuilderGM Onscreen Takeoff page or book a demo today.

About Hyphen Solutions

Hyphen Solutions provides the leading cloud-based construction management software for the residential building industry. Trusted by more than 615 Builders and 18,000 Suppliers across the U.S. and Canada, Hyphen’s integrated Home Builder and Supply Chain solutions support the construction of 1 in 3 new homes in America. From pre-construction through final close, Hyphen streamlines operations, improves collaboration, and drives efficiency across the entire residential building process. Learn more at https://info.hyphensolutions.com.

Contacts

Media Contact:
Emily Correa

Vice President of Marketing

Hyphen Solutions

ecorrea@ihyphen.com

LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Trust X (“SST X”), a private company that intends to qualify as a real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), announced the acquisition of its first storage facility located at 1323 NW Broad St., Murfreesboro, Tennessee. SST X purchased the property from SmartStop. SmartStop acquired the property in February 2025 with the intention of selling it to SST X.

The facility spans approximately 62,100 net rentable square feet and includes approximately 470 storage units, including approximately 380 drive-up units and approximately six RV units, distributed across 12 single-story buildings. Positioned in a bustling commercial corridor, the facility benefits from a daily traffic count of approximately 21,390 vehicles, ensuring strong visibility and accessibility for customers.

The property is in a rapidly growing area, with an expected population growth of 9.1% from 2022 to 2027 within a three-mile radius. The facility will serve the communities of Blackman Farm, Blackman Meadows, East Woods, Hillwood, Providence Pointe, Salem Creek, Southern Meadows, The Cloister, Westlawn, and Woods Edge, meeting the growing demand for high-quality self-storage solutions.

SST X’s perpetual NAV REIT structure intends to offer investors long-term exposure to a diversified, professionally managed self-storage portfolio, with monthly NAV-based valuations and no fixed liquidation timeline. It is designed to provide stable income, reduce market-timing risk, and support long-term value creation.

“The acquisition of this Murfreesboro property marks a milestone as the first addition to the SST X portfolio,” said H. Michael Schwartz, President and CEO of SST X. “This facility is well-positioned within a dynamic and expanding market that reflects the type of long-term growth opportunities we target. We’re proud to introduce SST X with an asset that exemplifies our disciplined approach to investing and our continued commitment to delivering value through well-located, high-quality self-storage properties.”

About Strategic Storage Trust X (SST X):

Strategic Storage Trust X (“SST X”) is a recently formed Maryland statutory trust that intends to qualify as a REIT for federal income tax purposes commencing no later than our taxable year ending December 31, 2025. SST X’s primary investment strategy is to invest in income-producing and growth self-storage facilities and related self-storage real estate investments in the United States and Canada. As of November 21, 2025, SST X has a portfolio of one operating property in the United States comprising approximately 470 units and 62,100 rentable square feet (including parking).

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

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs, and through its indirect subsidiary Argus Professional Storage Management, LLC, offers third-party management services in the U.S. and Canada. As of November 21, 2025, SmartStop has an owned or managed portfolio of more than 460 operating properties in 34 states, the District of Columbia, and Canada, comprising approximately 270,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties in Canada, which total approximately 42,200 units and 4.3 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

David Corak
SVP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its November 2025 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The November distribution will be payable on December 15, 2025 to unitholders of record as at November 28, 2025.

Dream Industrial REIT is an owner, manager, and operator of a global portfolio of well-located, diversified industrial properties. As at September 30, 2025, Dream Industrial REIT has an interest in and manages a portfolio which comprises 340 industrial assets (552 buildings) totalling approximately 73.2 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment grade balance sheet. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

For further information, please contact:

DREAM INDUSTRIAL REIT


Alexander Sannikov

President and Chief Executive Officer

(416) 365-4106

asannikov@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its November 2025 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The November distribution will be payable on December 15, 2025 to unitholders of record as at November 28, 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 4.0 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

NORTH ANDOVER, Mass.–(BUSINESS WIRE)–Watts Water Technologies, Inc. (NYSE: WTS) today announced that Ryan Lada, Chief Financial Officer, is leaving the Company to pursue a new opportunity.

Diane McClintock has been appointed as Chief Financial Officer of the Company, effective immediately. Ms. McClintock has been with Watts since 2010, most recently serving as Senior Vice President of FP&A and Investor Relations. She brings a wealth of financial and accounting expertise, as well as business familiarity to the role, providing financial, operational and strategic continuity.

“I am extremely pleased to announce the promotion of Diane McClintock to be our new Chief Financial Officer,” said Robert J. Pagano, Jr., President and Chief Executive Officer. “Diane has been instrumental to our growth and strong financial performance over the past 15 years. Her deep understanding of our business and strategy, coupled with her strong track record of delivering impactful results, make her the ideal candidate to lead the Company’s global finance organization.”

“I am honored and excited to take on the role of Chief Financial Officer,” said Ms. McClintock. “In this capacity, I look forward to continuing to execute our profitable growth strategy to build on Watts’ long track record of delivering shareholder value. Thank you to Bob and our board for the opportunity to serve in this leadership position. I am committed to ensuring a smooth transition and driving positive impact across our culture and organization.”

Diane McClintock originally joined Watts in 2010 and most recently served as Senior Vice President of FP&A and Investor Relations. Her prior responsibilities included external communications with investors and analysts, acquisition valuation, due diligence and integration, financial planning and analysis, and treasury. Prior to Watts, Ms. McClintock was Chief Accounting Officer and Treasurer at AutoImmune, Inc.; Director, Transaction Services Practice at PwC; and Audit Manager at EY. She holds a B.A. in Accounting from the University of New Hampshire.

Mr. Lada’s departure is for personal reasons and not the result of any matters relating to the Company’s business, accounting practices or financial statements.

Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts companies and brands offer innovative plumbing, heating, and water quality solutions for commercial, residential, and industrial applications. For more information, visit www.wattswater.com.

Contacts

Watts Water Technologies, Inc.

Diane McClintock

Chief Financial Officer

Email:  investorrelations@wattswater.com

TORONTO–(BUSINESS WIRE)–$KNR #esg—Kontrol Technologies Corp. (Cboe.ca:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol Technologies” or “Kontrol” or “Company”) announces its results for the three months and year to date ended September 30, 2025. A complete set of the Financial Statements and Management’s Discussion & Analysis have been filed on SEDAR (www.sedarplus.ca).

Q3 2025 and Year to Date Highlights

In Q2 2024, the Company completed the sale of the operational net assets of CEM Specialties Inc. and as such year to date 2025 revenue and earnings are lower compared to the same period in the prior year.

• Revenues for the three months ended September 30, 2025 were $1.3 million, compared to $1.7 million for the same quarter in the prior year; Revenues for the nine months ended September 30, 2025 were $4.1 million, compared to $9.2 million for the same period in the prior year.
• Gross margin for the nine months ended September 30, 2025 was 57%, and unchanged compared to the same period in the prior year.
• Net income (loss) for the three months ended September 30, 2025 was $706,378 compared to $(931,032) for the same quarter in the prior year; Net income (loss) for the nine months ended September 30, 2025 was $(208,862) compared to $11.9 million for the same period in the prior year. Net income (loss) in 2025 includes income from revaluation of marketable securities. Net income in 2024 includes gain on sale of the CEMSI net assets which occurred in Q2 2024.
• Adjusted EBITDA for the nine months ended September 30, 2025 was negative $(666,334) compared to $(235,315) for the same period in the prior year.
• The Company had no outstanding interest-bearing bank debt at September 30, 2025.
• As at September 30, 2025 the Company’s aggregate cash and marketable securities balance was $12.4 million.

Normal Course Issuer Bid

During the nine months ended September 30, 2025, the Company repurchased 1,930,500 common shares for a total of $320,530. Pursuant to the Normal Course Issuer Bid approved by Cboe Canada, Kontrol may purchase, from time to time, over a period of 12 months starting April 14th, 2025, and ending April 13th, 2026, up to 2,757,858 common shares. The Company has 53,960,669 shares outstanding as at September 30, 2025.

Q3 2025 and Year to Date Financial Summary

Financial Results	Three months ended					Nine months ended
(Unaudited)	Sept 30, 2025		Sept 30, 2024			Sept 30, 2025		Sept 30, 2024
Revenue	$1,339,508		$1,737,947			$4,090,315		$9,179,006
Gross profit	$774,627		$924,580			$2,322,055		$5,277,181
Net income (loss)	$706,378		$(931,032	)		$(208,862	)	$11,923,470
Basic and diluted EPS	$0.01		$(0.01	)		$0.00		$0.21
Add/Deduct for Adjusted EBITDA reconciliation:
Amortization and depreciation	$156,690		$164,514			$469,523		$615,231
Net finance expense (income)	$(44,466	)	$(43,800	)		$(106,829	)	$206,829
Gain on sale of assets	–		$(40,407	)		–		$(13,281,812	)
Revaluation of marketable securities	$(935,856	)	$125,588			$(965,585	)	$125,588
Share based compensation	$48,473		$49,785			$145,419		$175,379
Adjusted EBITDA	$(68,781	)	$(675,352	)		$(666,334	)	$(235,315	)

Adjusted EBITDA is a non-International Financial Reporting Standards (“IFRS”) measure used by management that is not defined by IFRS. Adjusted EBITDA does not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Management believes that Adjusted EBITDA provides meaningful and useful financial information as these measures demonstrate the operating performance of the business excluding non-cash charges.

“Adjusted EBITDA” is calculated as net income or loss before interest, income taxes, amortization, and depreciation, share based compensation, acquisition related expenses, listing expense, gain or loss on sale of assets, revaluation and impairment of assets.

Readers are cautioned that Adjusted EBITDA should not be construed as an alternative to net income as determined under IFRS; nor as an indicator of financial performance as determined by IFRS; nor a calculation of cash flow from operating activities as determined under IFRS; nor as a measure of liquidity and cash flow under IFRS. The Company’s method of calculating Adjusted EBITDA may differ from methods used by other companies and, accordingly, the Company’s Adjusted EBITDA may not be comparable to similar measures used by any other company.

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management and accelerate the sustainability of all buildings. Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedarplus.ca.

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

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those customers and potential customers will not be as accepting of the Company’s product and service offering as expected; and government and regulatory factors impacting the energy conservation industry.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi, CEO

info@kontrolcorp.com
11 Cidermill Avenue, Suite 201

Vaughan, ON L4K 4B6

Tel: (905) 766.0400

WINONA, Minn.–(BUSINESS WIRE)–Fastenal Company (Nasdaq: FAST), a global leader in supply chain solutions and industrial distribution, has entered into an agreement to form a multi-year partnership with the Edmonton Oilers. The agreement makes Fastenal the preferred MRO (maintenance, repair, and operations) supply partner of Rogers Place, reflecting Fastenal’s growing partnership with the NHL and its Clubs.

Fastenal has been working with the Oilers at Rogers Place since 2024. With the new agreement, they will supply the arena with a broad range of MRO products needed to maintain a world-class fan experience – from tools and fasteners to janitorial and sanitation supplies. Fastenal is also implementing additional Fastenal Managed Inventory Technology (FMIT), including cloud-connected FASTVend^® and FASTBin^® devices, to help the arena’s maintenance and janitorial staff operate more efficiently.

As part of the agreement, Fastenal will have an enhanced presence during Oilers television broadcasts, as well as a dasherboard at Rogers Place during Oilers games.

“As the official MRO sponsor of the NHL, we’re able to take a strategic approach with inventory demand, ensuring arena readiness and operational excellence,” says Greg Mees, Fastenal’s regional vice president overseeing Western Canada. “We’re thrilled to bring this expertise to Rogers Place.”

“They have an amazing facility, and we’re excited to outfit it with state-of-the-art Fastenal solutions and services,” added Dmitriy Lipes, Fastenal’s local district manager. “Being located in Edmonton, we take a lot of pride in serving such a historic team. We’re proud to partner on and off the ice.”

Through Fastenal’s national sponsorship of the NHL, the League, its Clubs, and arenas can all take advantage of FMIT, digital solutions, and our branch network to strengthen the supply chain and streamline their operations.

About Fastenal

With approximately 1,600 branch locations spanning 25 countries, Fastenal supplies a broad offering of fasteners, safety products, metal cutting products, and other industrial supplies to customers engaged in manufacturing, construction, warehouse and storage, data centers, wholesale, and federal, state, and local government. By investing in local experts and inventory, customer-facing technology, wide-ranging services, and best-in-class sourcing and logistics, we offer a unique combination of capabilities to help our customers reduce cost, risk, and scalability constraints in their global supply chains. This “high-touch, high-tech” approach is reflected in our tagline, Where Industry Meets Innovation™.

Additional information regarding Fastenal is available on our website at www.fastenal.com.

Cautionary Note Regarding Forward-Looking Statements

This release includes forward-looking statements, which are subject to risks and uncertainties. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the use of terminology such as anticipate, believe, should, estimate, expect, intend, may, will, plan, goal, project, hope, trend, target, opportunity, and similar words or expressions, or by references to typical outcomes. Fastenal’s operational goals, partnerships, projects, plans, pace, aspirations, commitments, and strategies are long-term and aspirational and by their nature include forward-looking statements. As such, no forward looking statement can be guaranteed and actual results may differ materially from those set forth in the forward-looking statements due to a variety of factors, including those described in Fastenal’s filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Fastenal undertakes no obligation to update or revise any forward-looking statements

FAST-G

Contacts

MEDIA CONTACT:

Jennifer Harnisch

Marketing Strategist

507.453.8259

INVESTOR CONTACT:

Dray Schreiber

Accounting Manager

507.313.7324

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

TORONTO–(BUSINESS WIRE)–$SRU.UN #CapitalMarkets–SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that it has closed its previously announced private placement of $250 million aggregate principal amount of 3.599% Series AC senior unsecured debentures and $250 million aggregate principal amount of 4.318% Series AD senior unsecured debentures. The Series AC debentures will mature on June 12, 2029 and the Series AD debentures will mature on June 12, 2032. The debentures were offered on an agency basis by a syndicate of agents led by Scotiabank, CIBC Capital Markets, Desjardins Securities, RBC Capital Markets and TD Securities as joint bookrunners, and National Bank Financial, Mizuho Securities, BMO Capital Markets and Beacon Securities as co-managers. Morningstar DBRS has provided SmartCentres with a credit rating of BBB with a stable trend relating to the debentures.

The net proceeds to SmartCentres from the sale of the Series AC debentures and Series AD debentures will be used to refinance existing debt, including the repayment of its $350 million Series X senior unsecured debentures due December 16, 2025, the repayment of its revolving credit line and certain mortgages, and for general corporate purposes.

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

About SmartCentres

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 197 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.6 million square feet of leasable space with 98.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.

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

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

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

Contacts

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

Mitchell Goldhar

Executive Chairman and CEO

(905) 326-6400 ext. 7674

mgoldhar@smartcentres.com

Peter Slan

Chief Financial Officer

(905) 326-6400 ext. 7571

pslan@smartcentres.com

• MSREI and GSA partnership secures one of the largest student housing transactions globally this year, aligning with the partnership’s growth strategy in the United States.

• A unique off-market portfolio acquisition consisting of 6,200 beds across eight assets near top-ranking universities.
• Strengthens the partnership’s market position in the United States, now with a portfolio of 50 properties across 23 states and nearly 24,000 beds.
• Yugo appointed as manager – adding value through operational scale, expertise and unparalleled student experiences.

NEW YORK & LONDON–(BUSINESS WIRE)–Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (“MSREI”), and Global Student Accommodation (“GSA”), the global leader in student housing, have completed the acquisition of a portfolio of eight student housing assets in Tier 1 U.S. university markets from a joint venture between a wholly owned subsidiary of Abu Dhabi Investment Authority (“ADIA”) and Landmark Properties (“Landmark”). This transaction is valued at more than $1 billion.

This unique opportunity was off-market and is one of the year’s largest single transactions in the sector in the U.S. and globally. It is a strategic move for the MSREI and GSA partnership, to further curate a diverse portfolio of high-quality assets across the United States, the world’s largest student university market with 20 million students.

The acquired assets are located in prime university cities across seven states and cater to students at top ranked universities including, the University of Virginia, University of Florida, Texas A&M, and Penn State University. The quality of the assets and their proximity to campus is unrivalled and is reflected in nearly 100% occupancy across the 6,200-bed portfolio.

The acquisition also marks the MSREI and GSA partnership entering new markets in Virginia, Georgia, and Pennsylvania, while significantly expanding its presence in established markets such as Texas, Florida, Oregon, and North Carolina. Through its partnership MSREI’s and GSA’s U.S. portfolio now extends to 50 properties across 36 cities in 23 states and nearly 24,000 beds.

Nicholas Porter, Chief Executive Officer at The Dot Group, commented:

“GSA, as part of the Dot Group, further expands its market position with its partner Morgan Stanley Real Estate Investing (“MSREI”), representing another pivotal step forward in its U.S. strategy.

This acquisition is testament to the depth of our global teams, our access to unique opportunities and the strength of our institutional relationships in the United States and globally. An off-market portfolio of this size and quality is rare and demonstrates our experience and expertise in the student housing market.

Yugo, the leading U.S. and global student housing operator, will manage and rebrand the newly acquired assets, creating further scale and operational excellence with enhanced student experiences across the portfolio.”

Will Milam, Head of U.S. Investments at Morgan Stanley Real Estate Investing commented:

“This student housing portfolio fully aligns with our strategy to acquire high-quality, resilient assets in prime locations. We are pleased to partner with GSA to strengthen our market position to capture the ongoing demand for student housing in some of the country’s top university markets.”

About Global Student Accommodation

Global Student Accommodation (GSA) is a leader in real estate asset management within the student housing sector. GSA has an unrivalled international presence, which stretches across 11 countries with assets in over 80 of the world’s leading educational cities. It manages $8 billion of AUM and has flagship offices in New York and London.

GSA is part of The Dot Group (“Dot”), the global leader in student living. Dot invests, develops, owns, manages and digitally connects students world-wide and is here to shape a better future for students. Since creating a new vision for student living over 35 years ago, Dot has been continuously evolving through its pioneering, purposeful and positive approach.

For further information please visit: www.gsagroup.com

About Morgan Stanley Real Estate Investing

Morgan Stanley Real Estate Investing (MSREI) is the global private real estate investment management business of Morgan Stanley. One of the most active property investors in the world for over three decades, MSREI employs a patient, disciplined approach through global value-add / opportunistic and regional core / core-plus real estate investment strategies. With 17 offices throughout the U.S., Europe and Asia, regional teams of dedicated real estate professionals combine a unique global perspective with local presence and significant transaction execution expertise. MSREI currently manages $54 billion of gross real estate assets worldwide on behalf of its clients.

About Morgan Stanley Investment Management

Morgan Stanley Investment Management, together with its investment advisory affiliates, has approximately 1,400 investment professionals around the world and $1.8 trillion in assets under management or supervision as of September 30, 2025. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Yugo

Yugo is the first global student housing brand and operator redefining student living on a global scale and bringing next-level experiences to student life and beyond. We’re not just about housing — we’re about creating vibrant, sustainable, and supportive spaces where students can thrive.

Yugo’s leading management approach draws on over 30 years of experience to efficiently operate student spaces at scale, expand into new markets, and create value for our partners through enhanced student experiences. Yugo forms part of The Dot Group and includes over 280 student living spaces in 14 countries, and has nearly 160,000 students calling Yugo home in 2025 in more than 120 of the world’s top educational cities.

For further information please visit: www.yugo.com

Contacts

Media contacts:
Alyson Barnes – Morgan Stanley
+1 212 762-0514

alyson.barnes@morganstanley.com

Sorrel Basher – Global Student Accommodation (GSA)
+44 7494 771 051

sorrel.basher@gsagroup.com

Jana Flanagan – The Dot Group
+971 5699 11999

jflanagan@thedotgroup.com

SANTA ANA, Calif.–(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, announced today the company has earned the 2026 Military Friendly^® Employer award, which celebrates an organization’s comprehensive efforts in creating an inclusive workplace environment and providing meaningful opportunities for military-affiliated individuals to thrive and succeed.

“Hiring and supporting the careers of service members, veterans and their family members is a core element of how we find talented, driven people,” said Mark Seaton, chief executive officer of First American Financial Corporation. “We have the utmost respect for their military service and find their experience prepares them well to contribute to our world-class culture and help us deliver for our customers.”

Institutions earning the Military Friendly Employer designation were evaluated using both public data sources and responses from a proprietary survey of more than 1,200 companies. Final ratings were determined by combining an organization’s survey score with an assessment of its ability to meet thresholds for recruitment, new-hire retention, employee turnover, and promotion and advancement of veterans and military employees.

“Earning the Military Friendly designation is more than a badge; it’s a reflection of deep-rooted values and strategic foresight. These organizations don’t just open doors for veterans, spouses, and service members; they build pathways for lasting impact,” Kayla Lopez, vice president of memberships at Military Friendly. “Their commitment isn’t performative; it’s transformative. It’s proof that honoring military talent is not only the right thing to do, it’s the smart thing to do.”

Additional Workplace Culture Recognition

Earlier this year, First American was named one of the 100 Best Companies to Work For by Great Place to Work^® and Fortune Magazine for the tenth consecutive year, and recognized as one of the 2025 PEOPLE^® Companies that Care. In October, First American marked a decade as one of the Fortune Best Workplaces for Women™. First American was also named one of the Best Workplaces in Financial Services & Insurance™ by Great Place to Work and Fortune for the ninth year in a row in September. Additionally, First American earned a top score of 100 on the 2023-2024 Human Rights Campaign Foundation’s Corporate Equality Index (CEI) for LGBTQ+ workplace equality, marking the sixth time First American has earned top marks in the CEI.

The company’s Canadian subsidiary, FCT, has been named by Great Place to Work to the “Best Workplaces™ in Canada – 1000+ Employees” list for the past 11 years. In 2024, the company was also recognized on the list of Best Workplaces™ for Women for the sixth time.

In 2024, First American’s Indian subsidiary, FAI, was named one of India’s Best Companies to Work for the third consecutive year and earned a spot on India’s Best Workplaces for Women list (large companies) for the fifth year in a row.

About First American

First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $6.1 billion in 2024, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2025, First American was named one of the 100 Best Companies to Work For by Great Place to Work^® and Fortune Magazine for the tenth consecutive year. More information about the company can be found at www.firstam.com.

About Military Friendly^®

Military Friendly is the standard that measures an organization’s commitment, effort, and success in creating sustainable and meaningful benefits for the military community. Over 2,900 organizations compete annually for Military Friendly designation annually. Military Friendly, a service-disabled, veteran-owned small business. Military Friendly is not affiliated with or endorsed by the U.S. Department of Defense or the federal government. Results are produced via a rules-based algorithm. The data-driven Military Friendly lists and methodology can be found at https://www.militaryfriendly.com/mfcguide/.

Contacts

Media Contact:
Marcus Ginnaty

Corporate Communications

First American Financial Corporation

714-250-3298

Investor Contact:
Craig Barberio

Investor Relations

First American Financial Corporation

714-250-5214

ST. CATHARINES, Ontario–(BUSINESS WIRE)–Bin There Dump That Niagara Region is proud to announce that it has been awarded the Silver in the Waste Bin Rental – Home, Builders & Contractors category in the 2025 CommunityVotes Niagara Region Awards.

This recognition underscores the company’s commitment to delivering exceptional dumpster rental solutions, backed by Residential Friendly service and a trusted local presence. The Bin There Dump That team serves homeowners, contractors and builders across the Niagara Region.

This accolade reflects the local community’s confidence in Bin There Dump That’s ability to provide a hassle-free, reliable rental experience. From driveway-friendly dumpster placement and same-day drop-off to transparent pricing and friendly service, the Silver award is a testament to the consistent performance and customer-centric approach the company takes.

A Message from the Team

“We are honoured to be recognized by our community in the CommunityVotes 2025 program,” said Tom Davies, Franchise Owner of Bin There Dump That Niagara Region. “This award isn’t just about us, it’s a thank-you to the homeowners, contractors and builders who trust us with their clean-ups, renovations and projects big and small. We’ll continue to raise the bar, offering convenient, driveway-friendly dumpsters with a smile and paying attention to the local needs of the Niagara Region.”

About Bin There Dump That Niagara

Bin There Dump That is renowned for its Residential Friendly dumpster rental service, designed for driveways, neighbourhoods and home renovation projects. The Niagara Region location offers reliable, fast drop-offs, clean and well-maintained bins, and a customer-first approach for homeowners, builders and contractors alike. For more information, visit www.bintheredumpthat.com/niagara-region-bin-rentals.

Contacts

Tom Davies

Bin There Dump That – Niagara Region

Phone: 289-271-1827

Email: niagara@bintheredumpthat.com
Website: www.bintheredumpthat.com/niagara-region-bin-rentals