• 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

Tricon Completes the Sale of its Interest in U.S. Multi-family Portfolio for $315 Million of Proceeds

October 19, 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, confirmed today the closing of the previously announced sale of its 20% equity interest in a portfolio of 23 Sun Belt apartment buildings to a vertically integrated residential real estate investment and property management company, which will assume all asset and property management responsibilities for the portfolio after a customary transition period.

The sale resulted in gross proceeds of approximately $315 million to Tricon. The Company intends to use the net sale proceeds primarily to repay outstanding debt on its corporate credit facility, enhancing its balance sheet flexibility to pursue future growth in its core single-family rental business. Tricon also intends to use a portion of the proceeds to repurchase common shares under the normal course issuer bid announced on October 13, 2022.

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.

Forward-Looking Information

This press release contains forward-looking statements and information relating to expected future events and the Company’s financial and operating results and projections that involve risks and uncertainties, including statements regarding the Company’s intentions, growth and investment opportunities, and performance goals and expectations. Such forward-looking information is typically indicated by the use of words such as “will”, “may”, “expects” or “intends”. The forward-looking statements and information contained in this press release include, without limitation, statements regarding: the Company’s use of the net transaction proceeds and the expected debt reduction and balance sheet impact of that use.

If unknown risks arise, or if any of the assumptions underlying the forward-looking statements prove incorrect, actual results may differ materially from management expectations as projected in such forward-looking statements. Examples of such risks and uncertainties include, but are not limited to, the inability to complete the transaction described herein due to the failure to satisfy its requisite conditions, and other risk factors described in the Company’s continuous disclosure materials from time to time, available on SEDAR at www.sedar.com. Accordingly, although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

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 Impact Trust Q3 2022 Financial Results Release Date, Webcast and Conference Call

October 19, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) will be releasing its financial results for the quarter ended September 30, 2022, on Monday, October 31, 2022.

Senior management will be hosting a conference call to discuss the financial results.

Conference call:

Date:

 

Thursday, November 3, 2022 at 2:00 p.m. (ET)

Dial:

 

For Canada please dial: (866) 455-3403

 

 

For International please dial: (647) 484-8332

Passcode:

 

24662328#

A taped replay of the call will be available for ninety (90) days. For access details, please go to Dream Impact Trust’s website at www.dreamimpacttrust.ca and click on Calendar of Events in the News and Events section.

Webcast:

To access the conference call via webcast, please go to Dream Impact Trust’s website at www.dreamimpacttrust.ca and click on Calendar of Events in the News and Events section. The webcast will be archived for 90 days.

Dream Impact is an open-ended trust dedicated to impact investing. Impact investing is the intention of Dream Impact Trust 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 investing holdings, 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.

Contacts

DREAM IMPACT TRUST
Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Dream Residential REIT Q3 2022 Financial Results Release Date, Webcast and Conference Call

October 19, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U) (“Dream Residential REIT” or the “REIT”) will be releasing its financial results for the quarter ended September 30, 2022, on Wednesday, November 2, 2022.

Senior management will be hosting a conference call to discuss the financial results.

Conference call:

Date: Thursday, November 3, 2022 at 10:00 a.m. (ET)

Dial: For Canada please dial: (866) 455-3403

For International please dial: (647) 484-8332

Passcode: 88134505#

A taped replay of the call will be available for ninety (90) days. For access details, please go to Dream Residential REIT’s website at www.dreamresidentialreit.ca and click on Calendar of Events in the News and Events section.

Webcast:

To access the conference call via webcast, please go to Dream Residential REIT’s website at www.dreamresidentialreit.ca and click on Calendar of Events in the News and Events section. The webcast will be archived for 90 days.

About Dream Residential REIT

Dream Residential REIT is a newly created, unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns an initial portfolio of 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

Dream Residential REIT

P. Jane Gavan
Chief Executive Officer

(416) 365-6572

jgavan@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

Dream Industrial REIT Q3 2022 Financial Results Release Date, Webcast and Conference Call

October 19, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (DIR.UN – TSX) will be releasing its financial results for the quarter ended September 30, 2022, on Tuesday, November 1, 2022.

Senior management will be hosting a conference call to discuss the financial results.

Conference call:

Date:

Wednesday, November 2, 2022 at 1:00 p.m. (ET)

Dial:

For Canada please dial: (866) 455-3403
For International please dial: (647) 484-8332

Passcode:

  64844654#

A taped replay of the call will be available for ninety (90) days. For access details, please go to Dream Industrial REIT’s website at www.dreamindustrialreit.ca and click on Calendar of Events in the News and Events section.

Webcast:

To access the conference call via webcast, please go to Dream Industrial REIT’s website at www.dreamindustiralreit.ca and click on Calendar of Events in the News and Events section. The webcast will be archived for 90 days.

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

For further information:

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

Dream Unlimited Corp. Q3 2022 Financial Results Release Date, Webcast and Conference Call

October 19, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Dream Unlimited Corp. (TSX: DRM) will be releasing its financial results for the quarter ended September 30, 2022, on Thursday, November 10, 2022.

Senior management will be hosting a conference call to discuss the financial results.

Conference call:

Date:

 

Thursday, November 10, 2022 at 5:00p.m. (ET)

Dial:

 

For Canada please dial: (866) 455-3403

 

 

For International please dial: (647) 484-8332

Passcode:

 

43612340#

A taped replay of the call will be available for ninety (90) days. For access details, please go to Dream’s website at www.dream.ca and click on Calendar of Events in the News and Events section.

Webcast:

To access the conference call via webcast, please go to Dream’s website at www.dream.ca and click on Calendar of Events in the News and Events section. The webcast will be archived for 90 days.

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $17 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at: www.dream.ca.

Contacts

DREAM UNLIMITED CORP.

Deb Starkman
Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kim Lefever
Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Granite REIT Declares Distribution for October 2022

October 18, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2583 per stapled unit for the month of October 2022. The distribution will be paid by Granite on Tuesday, November 15, 2022 to stapled unitholders of record at the close of trading on Monday, October 31, 2022. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Friday, October 28, 2022 on the Toronto Stock Exchange and on the New York Stock Exchange.

Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of October 31, 2022, pursuant to United States Treasury Regulation Section 1.1446-4.

ABOUT GRANITE

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 139 investment properties representing approximately 57.5 million square feet of leasable area.

OTHER INFORMATION

Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Associate Director, Legal & Investor Services, at 647-925-7504.

Contacts

Teresa Neto

Chief Financial Officer

647-925-7560

Andrea Sanelli

Associate Director, Legal & Investor Services

647-925-7504

Canada’s Interior Doors Market Report 2022-2027: Increase in Infrastructure Development Projects Driving 4.9% Growth – ResearchAndMarkets.com

October 18, 2022 By Business Wire

DUBLIN–(BUSINESS WIRE)–The “Canada’s Interior Doors Market (2022-2027) By Material Type, By Door Type, By End-User, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Canadian Interior Doors Market is estimated to be USD 2.07 Bn in 2022 and is projected to reach USD 2.63 Bn by 2027, growing at a CAGR of 4.9%.

Market Segmentations

The Canada Interior Doors Market is segmented based on By Material Type, By Door Type, By End-User, and Geography.

  • By Material Type, the market is classified into Wood, Glass, Steel, Fiberroad, Fiberglass, and Vinyl.
  • By Door Type, the market is classified into Single Doors and Double Doors.
  • By End-User, the market is classified into Residential buildings and Commercial buildings.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies’ recent development and competitive scenario. Some of the companies covered in this report are A-1 Doors & Mouldings, Alliance Door Products, Alum Complete, Amberwood Doors Inc, DoorSmith, First Impression Wood Masters, GEM Windows & Doors, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Canada Interior Doors Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses Canada’s Interior Doors Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Canada Interior Doors Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using the analyst’s competitive positioning tool.

Market Dynamics

Drivers

  • Increase in Infrastructure Development Projects
  • Rise in Disposable Income
  • Rise in Trend of Interior Designing

Restraints

  • High Cost of Eco-Friendly Doors

Opportunities

  • Growing Demand for Glass and Vinyl Doors in Residential Space
  • Rising Opportunity for Minimalists with Maximalist Doors

Challenges

  • Door Hinge and Paint Issue

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Dynamics

5 Market Analysis

6 Canada Interior Doors Maket, By Material Type

7 Canada Interior Doors Market, By Door Type

8 Canada Interior Doors Market, By End-User

9 Competitive Landscape

10 Company Profiles

11 Appendix

Companies Mentioned

  • A-1 Doors & Mouldings
  • Alliance Door Products
  • Alum Complete
  • Amberwood Doors Inc
  • DoorSmith
  • First Impression Wood Masters
  • GEM Windows & Doors
  • Jeld Wen
  • Madawaska Door & Trim
  • Metrie
  • Modern Interior Door
  • Panasonic
  • Portatec
  • RK Door Inc.
  • Select Door and Frames
  • Timber Door Inc.

For more information about this report visit https://www.researchandmarkets.com/r/qyvrjn

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Westlake Royal Building Products™ Partners with Habitat for Humanity® Grey Bruce to Build Homes in Saugeen First Nation

October 18, 2022 By Business Wire

Westlake Royal commits to build 10 homes per year in Canadian market

WOODBRIDGE, Ontario–(BUSINESS WIRE)–Together with Habitat for Humanity Grey Bruce, Westlake Royal Building Products announced an instrumental nationwide partnership to provide Westlake Royal siding products and materials for seven new homes in Saugeen First Nation in Southampton, Ontario, Canada. These are the first seven homes that are part of a greater partnership with Habitat for Humanity Canada in which Westlake Royal has committed to donate materials for ten homes per year.

The seven new homes are being built for member families of Saugeen First Nation, and will be considered home to 21 children. This addition of new energy-efficient housing in Saugeen First Nation means members who were forced to leave the area in search of housing options can return to their community to raise their children. Each home is a single dwelling and the build includes three- and four-bedroom models. The pre-selected families had the opportunity to customize each home with their preferred color selections and finishes. The homes are expected to be completed in December 2022, and will be dedicated to each family before the start of the holiday season.

For these homes, Westlake Royal donated approximately 140 squares of vinyl siding, including Royal® Crest Siding, Portsmouth™ Shake & Shingles Siding, Royal® Shutters, and Royal® Mounts and Vents accessories.

“We recognize the deep need for affordable quality housing in Ontario and especially among First Nation communities. We are humbled to partner with Habitat for Humanity Grey Bruce to donate our products and services to the Saugeen First Nation families during challenging times,” said Steve Booz, VP of Marketing & Product Management, Westlake Royal Building Products. “We are excited to kick off our partnership and anticipate building homes together for many years to come.”

Saugeen Ojibway Nation and Habitat for Humanity Grey Bruce have been working together since 2016 and the partnership has resulted in a total of 28 homes built on First Nation Territory, including these seven new homes.

“We’re honored that Westlake Royal has chosen to support our building of seven homes for members of Saugeen First Nation in Southampton, Ontario through a donation of vinyl siding,” said Greg Fryer, Executive Director, Habitat for Humanity Grey Bruce. “Westlake Royal products are not only best-in-class for quality, but look fabulous on our homes. We are thankful to the team at Westlake Royal for their partnership.”

“We are truly grateful for the donation of siding from Westlake Royal that will go towards the 7 new homes that are being built in partnership with Habitat for Humanity Grey Bruce. The continued support from Habitat and sponsors like Westlake Royal are making a real impact towards addressing our housing shortage needs,” said Melissa Snowdon, Saugeen First Nation Councillor.

To learn more about Westlake Royal Building Products, visit: www.westlakeroyalbuildingproducts.com.

About Westlake Royal Building Products

Westlake Royal Building Products USA Inc., a Westlake company (NYSE:WLK), is a leader throughout North America in the innovation, design, and production of a broad and diverse range of exterior and interior building products, including Siding and Accessories, Trim and Mouldings, Roofing, Stone, Windows and Outdoor Living. For more than 50 years, Westlake Royal Building Products has manufactured high quality, low maintenance products to meet the specifications and needs of building professionals, homeowners, architects, engineers and distributors, while providing stunning curb appeal with an unmatched array of colors, styles, and accessories.

For more information, please visit WestlakeRoyalBuildingProducts.com. Follow us on LinkedIn and Instagram and “Like” us on Facebook.

Contacts

Kriss Swint

Westlake Royal Building Products

1-614-754-3455

Kswint@Westlake.com

Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of October, 2022

October 18, 2022 By Business Wire

Not for distribution to U.S. News Wire Services or dissemination in the United States.

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of October, 2022 of $0.061667 per trust unit, representing $0.74 per trust unit on an annualized basis, payable on November 15, 2022 to Unitholders of record at the close of business on October 31, 2022.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.

We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedar.com.

Contacts

Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

Slate Office REIT Announces Distribution for the Month of October 2022

October 18, 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, announced today that the Board of Trustees has declared a distribution for the month of October 2022 of C$0.0333 per trust unit of the REIT, representing $0.40 per unit of the REIT on an annualized basis.

The distribution will be payable on November 15, 2022 to unitholders of record as of the close of business on October 31, 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.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.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-Dist

Contacts

Investor Relations

+1 416 644 4264

ir@slateam.com

Dream Unlimited Corp.’s Interest in Dream Impact Trust Deemed to Have Increased

October 17, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Dream Unlimited Corp. (TSX:DRM) (“Dream”) has announced that Dream Asset Management Corporation (“DAM”) acquired 460,957 units (“Units”) of Dream Impact Trust (TSX:MPCT.UN) (“Dream Impact”) in lieu of asset management fees payable to DAM pursuant to the management agreement in respect of Dream Impact (“Management Agreement”), representing approximately 0.7% of the issued and outstanding Units. Prior to the acquisition, DAM and its joint actors owned 19,900,992 Units representing approximately 30.1% of the issued and outstanding Units and, following the acquisition, DAM and its joint actors own 20,361,949 Units representing approximately 30.8% of the issued and outstanding Units. The Units beneficially owned by DAM and its joint actors prior to and after the acquisition on October 13, 2022, include 53,062 Units that are issuable to Mr. Michael J. Cooper, the Chief Responsible Officer of DAM, pursuant to the terms of vested deferred trust units owned by Mr. Cooper under the Deferred Unit Incentive Plan of MPCT in respect of which Mr. Cooper has elected to defer their issuance but which Mr. Cooper is deemed to beneficially own.

Pursuant to a letter agreement between DAM, Dream Impact and Dream Impact Master LP, DAM has agreed to accept the delivery of Units in satisfaction of the management fees payable to DAM pursuant to the Management Agreement for the period from January 1, 2021 to December 31, 2021, in order to increase DAM’s ownership stake in Dream Impact and to preserve the business’s cash to support the cash distributions by Dream Impact while Dream Impact seeks to increase the market value of the Units by offering to purchase Units. DAM intends to evaluate its investment in Units on a continuing basis and either may acquire Units or decrease its holdings of Units in the future. DAM is a wholly-owned subsidiary of Dream, which is controlled by Mr. Michael Cooper, President and Chief Responsible Officer. DAM acts as the asset manager for Dream Impact and Dream Impact Master LP.

This press release is being issued pursuant to the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“NI 62-103”) of the Canadian Securities Administrators. A copy of the report to be filed by DAM in connection with the transactions described herein will be available on Dream Impact’s SEDAR profile at www.sedar.com, and can also be obtained by contacting Mr. Robert Hughes, General Counsel, Dream Unlimited Corp. at 416-365-3535.

DAM’s head office and Dream Impact’s head office are located at Suite 301, State Street Financial Centre, 30 Adelaide Street East, Toronto, Ontario M5C 3H1.

About Dream Unlimited Corp.

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $17 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities.

Contacts

For further information:

Dream Unlimited Corp.
Deborah Starkman

Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Global Solar Panel Market Report 2022: Market to Grow at a CAGR of 20.24% During 2021-2027 – Industry Trends, Share, Size, Growth, Opportunities and Forecasts – ResearchAndMarkets.com

October 17, 2022 By Business Wire

DUBLIN–(BUSINESS WIRE)–The “Solar Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The global solar panel market size reached 177.7 GW in 2021. Looking forward, the market to reach 536.9 GW by 2027, exhibiting a CAGR of 20.24% during 2021-2027.

A solar panel, also known as a PV panel, is a collection of solar (or photovoltaic) cells that employ natural sunlight to generate electricity. It is made of several solar cells, manufactured using silicon, boron, and phosphorus, which are arranged in a grid-like pattern on the surface.

The utilization of solar panels has increased across the globe as they do not lead to any form of pollution and their installation helps in combating the harmful emissions of greenhouse gases. Also, innovations in quantum physics and nanotechnology are projected to increase their effectiveness potentially.

Solar panels provide clean as well as renewable energy and assist in reducing the amount of electricity produced from fossil fuels. Owing to this, governments in various emerging regions are providing tax relaxations and conducting several awareness campaigns to encourage their installation.

For instance, the Ministry of New and Renewable Energy (MNRE) of the Government of India is promoting the installation of solar PV systems in the country under the Jawaharlal Nehru National Solar Mission. Apart from this, ultrathin solar panels have been developed which are lighter and more flexible than the glass-based variants.

They are superior to conventional solar panels in terms of efficiency and cost-effectiveness. They can also be integrated into almost any surface, which will further boost their applicability across various sectors.

Key Questions Answered in This Report:

  • How has the global solar panel market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global solar panel industry?
  • What are the key regional markets in the global solar panel industry?
  • What are the several end use segment in the global solar panel industry?
  • What are the major product types in the global solar panel industry?
  • What are the price trends of solar panel?
  • What are the various stages in the value chain of the global solar panel industry?
  • What are the key driving factors and challenges in the global solar panel industry?
  • What is the structure of the global solar panel industry and who are the key players?
  • What is the degree of competition in the global solar panel industry?
  • What are the profit margins in the global solar panel industry?
  • What are the key requirements for setting up a solar panel manufacturing plant?
  • How are solar panels manufactured?
  • What are the various unit operations involved in a solar panel manufacturing plant?
  • What is the total size of land required for setting up a solar panel manufacturing plant?
  • What are the machinery requirements for setting up a solar panel manufacturing plant?
  • What are the raw material requirements for setting up a solar panel manufacturing plant?
  • What are the packaging requirements for solar panels?
  • What are the transportation requirements for solar panels?
  • What are the utility requirements for setting up a solar panel manufacturing plant?
  • What are the manpower requirements for setting up a solar panel manufacturing plant?
  • What are the infrastructure costs for setting up a solar panel manufacturing plant?
  • What are the capital costs for setting up a solar panel manufacturing plant?
  • What are the operating costs for setting up a solar panel manufacturing plant?
  • What will be the income and expenditures for a solar panel manufacturing plant?
  • What is the time required to break-even?

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major manufacturers in the market.

Some of the leading players are:

  • Jinko Solar
  • Trina Solar
  • Canadian Solar
  • JA Solar
  • Hanwha Q-CELLS
  • GCL-SI
  • LONGi Solar
  • Risen Energy
  • Shunfeng
  • Yingli Green

Key Market Segmentation:

Breakup by Type:

On the basis of the type, crystal silicon solar panels currently represent the most popular type as they have laboratory energy conversion efficiencies of over 25% for monocrystalline cells and over 20% for polycrystalline cells.

  • Crystal Silicon
  • Monocrystalline Silicon
  • Polycrystalline Silicon
  • Thin Film
  • Others

Breakup by End Use:

Amongst these, the commercial sector represents the largest end-use segment, accounting for the majority of the global market share.

  • Commercial
  • Residential
  • Industrial

Regional Insights:

On the geographical front, Asia Pacific enjoys a leading position in the market on account of the utilization of solar panels to increase reliability and aid in alleviating chronic power shortages across the region.

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

For more information about this report visit https://www.researchandmarkets.com/r/44x15l

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

  • « Previous Page
  • 1
  • …
  • 65
  • 66
  • 67
  • 68
  • 69
  • …
  • 107
  • 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