• Sign up for the Daily Digest Email!
  • Twitter
  • Facebook
  • Google Plus One
  • RSS

REIT REPORT

REIT news, Real Estate Investment Trusts, Canadian REIT News, REIT Stocks Canada

  • Home
  • Headlines
  • Daily Digest Email
  • Canadian REITs

The Real Brokerage Inc. to Host Third Quarter 2022 Earnings Conference Call

October 28, 2022 By Business Wire

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (“Real” or the “Company“) (TSX: REAX) (NASDAQ: REAX), the fastest growing publicly traded real estate brokerage, today announced that it will release its third quarter 2022 financial results before market open on Thursday, November 10, 2022.

The Company will subsequently hold a conference call to discuss third quarter 2022 operating and financial results on Thursday, November 10, 2022, 11:00 AM EST. An archived replay of the webcast will also be available for one year by clicking the link below.

Conference Call Details:

Date:

 

Thursday, November 10, 2022

Time:

 

11:00 a.m. EST

 

 

 

Dial-in Number:

 

North American Toll Free: 888-506-0062

 

 

International: 973-528-0011

Access Code:

 

375759

Webcast:

 

https://www.webcaster4.com/Webcast/Page/2699/46760

 

 

 

Replay Number:

 

North American Toll Free: 877-481-4010

 

 

International: 919-882-2331

Passcode:

 

46760

Webcast Replay:

 

https://www.webcaster4.com/Webcast/Page/2699/46760

Participants are encouraged to dial in 5 to 10 minutes before the beginning of the conference call.

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 at the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, information relating to Real’s third quarter earnings call, the release of the third quarter financial results and the business and strategic plans of Real.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. 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. 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.

About Real

The Real Brokerage Inc. (NASDAQ: REAX) (TSX: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for homebuyers and sellers. The company was founded in 2014 and serves 44 states, D.C., and three Canadian provinces with over 7,000 agents. Additional information can be found on its website at onereal.com.

Contacts

For additional information, please contact:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com
201.564.4221

Slate Office REIT Receives Requisition for Unitholder Meeting

October 28, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–The Board of Trustees (the “Board”) of Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that it has received a unitholder requisition to call a special meeting of the REIT’s unitholders to, among other items, remove five Trustees from the Board and elect four nominees of the requisitioning unitholder in their place. The Board of the REIT will review the requisition and will provide an update in due course.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

Forward-Looking Statements

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

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

SOT-SA

Contacts

Investor Relations

+1 416 644 4264

ir@slateam.com

Enlighted Opens new Canadian Office to Increase Global Presence for IoT & Software Innovations

October 27, 2022 By Business Wire

Expansion allows Siemens-owned company to tap into Waterloo regional talent for software development and engineering teams

SANTA CLARA, Calif. and KITCHENER, Ontario–(BUSINESS WIRE)–#digitaltransformation–Today Enlighted, a leading proptech company, announced the opening of its new office in Kitchener, Ontario. The new office will be a hub for technical product development teams and further the company’s global scope as it continues to develop cutting-edge IoT and sustainability solutions at the intersection of people, space and work.

“After two and a half years of the pandemic, in-office collaboration is a more critical part of hybrid working than ever before,” said Stefan Schwab, CEO, Enlighted. “As a proptech leader, we intimately understand the value in bringing together new and future talent to collaborate and ideate in person, ultimately creating a shared sense of purpose. We look forward to further tapping into the rich talent base in the Waterloo and Kitchener area to bolster our product innovation.”

Enlighted’s new office is in the Catalyst Building, a hub for Waterloo’s tech community. The Enlighted team will focus on the development of innovative smart building IoT sensors, data and software applications that enable customer productivity and real progress towards customers’ net carbon zero sustainability goals. The new office is designed to spark collaboration and innovation with a higher percentage of collaboration spaces and meeting rooms relative to other types of space.

“The Waterloo region is attracting some of the most innovative thinkers in Canada, thanks to its strong combination of established high-tech companies, active start-ups and educational institutions,” said David Wigg, Head of Software Engineering, Enlighted. “As a result, Kitchener has become a magnet for large companies who want to build engineering teams. Investing has helped us recruit some of the best minds, and access to the University of Waterloo allows us to invest in the next generation while giving our teams a real boost of talent and creativity.”

Enlighted has operated in Canada since 2019 and has grown to over 30 employees. The majority of employees will be based out of the Catalyst Building. The company has also developed strong ties with the University of Waterloo, one of Canada’s best universities for computer science and engineering. Since starting operations in Canada, Enlighted has worked with over 70 students from the university’s co-op internship program, hiring many as full-time employees. The office design and technology address the new requirements for hybrid work and uses Enlighted’s products to inform employees when is the best time to come to the office for collaboration and innovation.

About Enlighted

Enlighted is a leading proptech provider of IoT solutions at the intersection of people, space, and work. We offer a unique combination of cognitive environmental IoT sensors and lighting controls that connect to intelligent workplace experience apps, offering a singular, scalable, interoperable solution to address a spectrum of building, space, and productivity needs. Our customers leverage these solutions to enable occupant well-being, greater business efficiencies and momentum toward their sustainability goals. Enlighted is part of Building Robotics, Inc., a Siemens company. For more information, please visit us at enlightedinc.com.

Contacts

Ellen Gustafson
Enlighted PR
Ellen.gustafson@siemens.com
+1.415.505.6783

H.I.G. Realty Hires Alessio Lucentini as Real Estate Head of Asset Management in Europe

October 27, 2022 By Business Wire

LONDON–(BUSINESS WIRE)–#AssetManagement–H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with $52 billion of equity capital under management, announced that it has hired Alessio Lucentini as Managing Director and Head of Real Estate Asset Management in Europe.

Mr. Lucentini joins H.I.G. from EQT Exeter where he was a Managing Director. Prior to EQT, he spent 16 years at AXA Real Assets where he was part of the Executive Committee. He previously worked at Cushman & Wakefield and for the real estate development company AIG/Lincoln.

Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty Partners, commented: “We are thrilled to welcome Alessio to the team. He brings a wealth of knowledge and experience that will prove invaluable as we continue executing our differentiated real estate strategy across Europe focused on value-add investments.”

“H.I.G. has a long and successful track record investing across the real estate asset spectrum and has built a best in class real estate business in Europe,” said Mr. Lucentini. “I am delighted to join the H.I.G. Realty team and help the firm further drive value-add initiatives across Europe.”

About H.I.G. Capital

H.I.G. is a leading global alternative assets investment firm with $52 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

  1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
  4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

Contacts

Riccardo Dallolio

Managing Director

rdallolio@higrealty.com

Slate Office REIT Announces Review of Strategic Alternatives

October 26, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, today announced that it has launched a comprehensive review of strategic alternatives. The REIT’s Board of Trustees has established a special committee, co-chaired by Tom Farley and Michael Fitzgerald and made up of five independent directors, to oversee the process and will retain a financial advisor to assist with the strategic review.

The special committee will evaluate a broad range of options with a focus on maximizing value for unitholders. These alternatives could include acquisitions, divestments, corporate transactions, and other partnership opportunities with the potential to unlock the inherent value contained within the REIT’s portfolio of high-quality workplace real estate.

There can be no assurance that the strategic review process will result in any transaction or other alternative, nor any assurance as to its outcome or timing. The REIT intends to provide an update once the review process is completed. The REIT’s financial results for the third quarter 2022 will be available on November 1, 2022.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Forward-looking statements include, without limitation, statements regarding the strategic review process and the strategic alternatives that may be available to the REIT. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

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

SOT-SA

Contacts

For Further Information

Investor Relations

+1 416 644 4264

ir@slateam.com

Fluor Awarded Contract for Imperial Renewable Diesel Project in Canada

October 25, 2022 By Business Wire

IRVING, Texas & CALGARY, Alberta–(BUSINESS WIRE)–Fluor Corporation (NYSE: FLR) was awarded a reimbursable front-end engineering and detailed design, engineering and procurement services contract for Imperial as the company progresses plans to develop a world-class renewable diesel complex at its Strathcona refinery near Edmonton, Alberta, Canada. The new complex is expected to be the largest renewable diesel production facility in Canada and will produce approximately 20,000 barrels of renewable diesel per day from locally sourced feedstocks.

Fluor booked the undisclosed contract value in the third quarter of 2022.

“Our involvement in this project underscores our ongoing commitment to helping clients deliver sustainable and lower carbon energy,” said Jim Breuer, group president, Energy Solutions, Fluor Corporation. “By combining Fluor’s global renewables engineering and construction expertise with the company’s extensive local knowledge, Fluor will provide a robust modular execution approach for this project.”

Fluor will design and integrate a new renewable diesel unit into the existing Strathcona refinery. The integration will include a series of utility tie-ins, electrical and control systems integration as well as commodity storage, loading and unloading capabilities.

Fluor in Energy Transition

Fluor delivers energy transition projects across the entire energy value chain that are safely and sustainably designed, built and maintained. Fluor’s breadth of experience includes solutions that help to reduce carbon emissions and to meet clients’ sustainability commitments.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better future by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 41,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $12.4 billion in 2021 and is ranked 259 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 110 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

#ec

Contacts

Brian Mershon

Media Relations

469.398.7621/864.281.6976

Jason Landkamer

Investor Relations

469.398.7222

Tricon Announces 2022 GRESB Results, Showcasing Leadership in Sustainability Initiatives

October 25, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, is pleased to announce it has improved its ratings in the 2022 Global Real Estate Sustainability Benchmark (“GRESB”) Real Estate Assessment and has been recognized as a peer group leader in multiple categories.

Tricon’s overall GRESB rating improved by 24 percent relative to its inaugural 2021 performance. The Company earned a perfect score under the management component, which covers ESG leadership, policies, reporting, risk management and stakeholder engagement, reflecting a 25 percent score improvement from the prior year. Tricon also outperformed the GRESB average and its peer group under the development benchmark, which encompasses its Toronto-based multi-family portfolio. The portfolio earned a score of 92/100 as well as a Green Star designation that reflects a nearly 40 percent improvement relative to last year’s inaugural submission.

“I am proud to share our improved annual GRESB ratings, which showcase our commitment to a range of sustainability initiatives that are taking our ESG program to new heights,” said Gary Berman, President & CEO of Tricon Residential. “Pursuing net-zero rental communities, self-governing on rent increases, offering down payment assistance to our residents, and supporting diversity, inclusion and belonging within our organization are but a few of the many impactful steps we are taking to make the world a better place, and we are pleased to see our GRESB ratings reflect the measurable progress we are making towards our goals.”

Recognized by the financial market and investors as the global standard for measuring real estate sustainability performance, GRESB collects, validates, scores and benchmarks ESG data self-reported by participants by evaluating management practices and asset-level performance. The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, standards and emerging regulations.

Tricon will identify strengths and opportunities resulting from the assessment and set objectives for the coming year and beyond, with the goal of continually improving its overall GRESB scores. Additional details about Tricon’s ESG goals and progress, in addition to our 2021 ESG Report, can be found in the Sustainability section of Tricon’s website at www.triconresidential.com.

About Tricon Residential Inc.

Tricon Residential Inc. is an owner and operator of a growing portfolio of approximately 34,000 single-family rental homes and multi-family rental apartments in the United States and Canada with a primary focus on the U.S. Sun Belt. Our commitment to enriching the lives of our residents and local communities underpins Tricon’s culture and business philosophy. We strive to continuously improve the resident experience through our technology-enabled operating platform and innovative approach to rental housing. At Tricon Residential, we imagine a world where housing unlocks life’s potential. For more information, visit www.triconresidential.com.

Contacts

Investors

Wissam Francis

EVP & Chief Financial Officer

Wojtek Nowak

Managing Director, Capital Markets

Email: investorsupport@triconresidential.com

Media

Tara Tucker

Vice President, Communications

Email: mediarelations@triconresidential.com

CertainTeed Gypsum Canada Welcomes CITT Western Drywall Determination

October 24, 2022 By Business Wire

Anti-Dumping Measures For Western Provinces Maintained for Another 5 Years

MISSISSAUGA, Ontario–(BUSINESS WIRE)–CertainTeed Canada Inc. welcomes the Canadian International Trade Tribunal’s decision to maintain anti-dumping measures for drywall in British Columbia, Alberta, Saskatchewan, and Manitoba, as well as the Yukon and Northwest Territories for another five years.

In an expiry review issued yesterday, the CITT found that U.S. drywall dumping will cause material injury to the domestic western Canadian drywall industry if current anti-dumping measures are not maintained. As a result, current anti-dumping measures will be maintained for another five years.

The ruling applies to gypsum board meeting or supplied to meet ASTM C 1396 or ASTM C 1396M or equivalent standards, excluding gypsum board made to a width of 54 inches.

As stated by Julie Bonamy, CEO Certain Canada Inc.: CertainTeed Canada is committed to free and fair trade; we have helped shape the Canadian building products industry for more than 80 years. In Western Canada, we own and operate three drywall manufacturing plants and are committed to support our customers and employees through our facilities in Vancouver, Calgary, and Winnipeg.

The full CITT ruling can be found here:

Tribunal Continues Finding—Gypsum Board from the United States

https://www.citt-tcce.gc.ca/en/news/tribunal-continues-finding-gypsum-board-united-states

For More Information Please Contact:

Peter Clark

Saint-Gobain Corporate Communications

Media@saint-gobain.com

About CertainTeed :

Through the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 115 years. Founded in 1904 as General Roofing Manufacturing Company, the firm’s slogan, “Quality Made Certain, Satisfaction Guaranteed,” inspired the name CertainTeed. Today, CertainTeed is a leading North American brand of exterior and interior building products, including roofing, siding, solar, fence, railing, trim, insulation, drywall and ceilings. www.certainteed.com.

About Saint-Gobain:

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME.”

€44.2 billion in sales in 2021

167,000 employees, located in 76 countries

Committed to achieving Carbon Neutrality by 2050

For more details on Saint-Gobain, visit http://www.saint-gobain.com and follow us on Twitter @saintgobain

Contacts

Peter Clark

Saint-Gobain Corporate Communications

media@saint-gobain.com

Slate Office REIT Issues Statement Regarding Unitholder Letter

October 24, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, today issued the following statement in response to an open letter issued by G2S2 Capital Inc. (“G2S2”) to Slate Office REIT unitholders:

The REIT regularly engages with unitholders and welcomes constructive input focused on enhancing value for the REIT and all unitholders. Members of the REIT’s Board of Trustees (the “Board”) and senior management team have held many meetings, discussions, and property tours with G2S2 and its Executive Chairman, George Armoyan, over the past several months – dating back to May 2022. In these conversations, Mr. Armoyan expressed interest in acquiring certain of the REIT’s assets located in Atlantic Canada. We made clear our openness to engaging constructively with Mr. Armoyan under the same fair terms we use with all other prospective purchasers and sellers. These conversations were ongoing as recently as this week.

Across multiple meetings, we asked for Mr. Armoyan’s suggestions and ideas for improving the REIT’s business strategy and operations. Mr. Armoyan did not provide any suggestions beyond what the Board and senior management are already executing or have considered.

The REIT believes that constructive engagement – not a potentially expensive and distracting proxy contest – is the best forum for addressing unitholder feedback. We remain willing to continue to engage with G2S2 in good faith, in the interest of all unitholders. To this end, members of the REIT’s Board are scheduled to meet with Mr. Armoyan today.

The REIT’s senior management team continues to focus on buying well-located, quality real estate, with high-quality credit tenants that will generate stable and growing cash flow for unitholders. There is no unitholder action required at this time. The REIT will provide further updates if developments warrant.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. A majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

Forward-Looking Statements

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

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

SOT-SA

Contacts

For Further Information

Investor Relations

+1 416 644 4264

ir@slateam.com

Tricon Announces Resident Bill of Rights, a New Standard for Single-Family Rental Housing

October 21, 2022 By Business Wire

Bill of Rights Reinforces Tricon’s Commitment to Providing Residents with High-Quality Service and Experiences

TORONTO–(BUSINESS WIRE)–Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, announced an industry-leading Bill of Rights for residents, the first of its kind among single-family rental housing providers in the United States. This measure underscores Tricon’s resident-first approach and highlights the Company’s core value of supporting the well-being of Tricon residents.

The Tricon Resident Bill of Rights outlines the Company’s commitment to providing quality, move-in-ready homes with caring and reliable service. The rights described within the pledge are:

  • Right to Shelter
  • Right to Renewals
  • Right to Fair Advance Notice
  • Right to Moderated Rent Increases
  • Right to Participate in Financial Health and Credit Builder Programs
  • Right to Buy Your Home if We Decide to Sell
  • Right to Our Support if You Buy Another Home
  • Right to Respect

“Tricon has always been a different kind of housing company,” said Gary Berman, Chief Executive Officer and President of Tricon. “For us, that starts with being distinctly resident-centric in our approach. Today, we are proud to strengthen our commitment to our residents by releasing our Resident Bill of Rights; in doing so, we stand firmly behind our belief that residents deserve transparency and dedication from their housing provider.”

The Company takes its commitment to residents extremely seriously, investing millions in home revitalization efforts during 2022 to improve the quality of life for Tricon residents, neighborhoods, and surrounding communities. In addition to providing responsive and caring maintenance services, Tricon offers residents unique assistance to help them achieve their financial goals, through credit builder programs, financial literacy workshops, and one-on-one coaching through its Tricon Vantage program.

“Whether we’re saving families money each month by moderating rent increases or empowering our residents to make their financial futures brighter through credit builder programs, it’s our goal to be more than a housing provider,” said Kevin Baldrige, Chief Operating Officer of Tricon Residential. “The announcement of our Bill of Rights further demonstrates our steadfast commitment to positively impact the lives of our residents and the communities we serve.”

For more information on Tricon’s single-family home Resident Bill of Rights, visit triconresidential.com/bill-of-rights.

About Tricon Residential Inc.

Tricon Residential Inc. is an owner and operator of a growing portfolio of approximately 34,000 single-family rental homes and multi-family rental apartments in the United States and Canada with a primary focus on the U.S. Sun Belt. Our commitment to enriching the lives of our residents and local communities underpins Tricon’s culture and business philosophy. We strive to continuously improve the resident experience through our technology-enabled operating platform and innovative approach to rental housing. At Tricon Residential, we imagine a world where housing unlocks life’s potential. For more information, visit www.triconresidential.com.

Contacts

Investors

Wissam Francis

EVP & Chief Financial Officer

Wojtek Nowak

Managing Director, Capital Markets

Email: investorsupport@triconresidential.com

Media

Tara Tucker

Vice President, Communications

Email: mediarelations@triconresidential.com

Dream Office REIT Announces October 2022 Monthly Distribution

October 21, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its October 2022 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The October distribution will be payable on November 15, 2022 to unitholders of record as at October 31, 2022.

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

Contacts

For further information:

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

Dream Industrial REIT Announces October 2022 Monthly Distribution

October 21, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its October 2022 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The October distribution will be payable on November 15, 2022 to unitholders of record as at October 31, 2022.

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at June 30, 2022, Dream Industrial REIT owns, manages and operates a portfolio of 257 industrial assets (372 buildings) comprising approximately 46.0 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

DREAM INDUSTRIAL REIT

Brian Pauls

Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov

Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

  • « Previous Page
  • 1
  • …
  • 60
  • 61
  • 62
  • 63
  • 64
  • …
  • 103
  • Next Page »

Sign up for the Daily Digest Email!

Receive the latest news stories from the REIT Report every morning for FREE!

100% Privacy. No SPAM. We promise.

Daily Movers

Ticker News Price Chg Chg%
d.un:ca$14.92.7118.16%
csh.un:ca$9.340.545.78%
ax.un:ca$6.920.223.13%
kmp.un:ca$17.730.623.5%
nwh.un:ca$8.020.222.69%
mrt.un:ca$5.24-0.01-0.19%
grt.un:ca$81.72-0.11-0.13%
hot.un:ca$2.53-0.01-0.39%
fcr.un:ca$15.35-0.05-0.32%
dir.un:ca$14.22-0.41-2.87%
 

Market Snapshot

  • Advertise
  • About
  • Contact
  • Privacy Policy

Copyright © 2025 · REIT REPORT