• $285 million in cash on the balance sheet at close
• Reduces applicable margin for borrowings by fifty basis points
• Aligns actions to support accelerating acquisition strategy

HOUSTON–(BUSINESS WIRE)–#DXPEInvestorRelations—DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has closed on refinancing existing Senior Secured Term Loan B (“TLB”) borrowings and raising an incremental $205 million in TLB borrowings. Including the new borrowings, DXP will have $848 million in Senior Secured Term Loan B borrowings. The TLB borrowings mature on October 13, 2030, and are priced at Term SOFR plus an applicable margin of 3.25 percent.

DXP intends to use the proceeds to repay borrowings under DXP’s existing Senior Secured Term Loan B, and the remaining for general corporate purposes, potential acquisitions, and transaction fees and expenses. The transaction provides DXP with continued operational and financial flexibility to reinvest in the business and pursue its organic and acquisition growth strategy.

The Term Loan B borrowings are priced at 3.25 percent over Term SOFR and continue to include a secured leverage covenant ranging from 5.75:1 to 4.75:1. The new loan under the credit agreement is secured by substantially all the company’s consolidated assets.

David R. Little, Chairman and Chief Executive Officer remarked, “We are pleased to complete another successful refinancing, reinforcing DXP’s strong financial foundation. Building on this momentum, we aim to close the year with strength and accelerate growth in 2026. Our capital allocation strategy remains disciplined—prioritizing investments that drive growth, applying excess cash flow to debt reduction when appropriate, and reinvesting in facilities, equipment, and technology to enhance our competitive position. Maintaining liquidity and flexibility will continue to be central as we pursue strategic opportunities and reinvest in the business.”

Kent Yee, Chief Financial Officer added, “We are proud to announce the successful refinancing of $848 million, which includes our existing $643.0 million Term Loan B borrowings and an incremental $205 million. This transaction achieved several key objectives: repricing existing debt to generate an estimated $3.2 million in annual interest savings, enhancing liquidity, and creating flexibility to accelerate growth through acquisitions and strategic reinvestment. DXP’s transformation over the past five years underscores our disciplined approach—sales have grown from $1.0 billion in 2020 to $1.96 billion for the twelve months ended September 30, 2025, while covenant compliance adjusted EBITDA has increased from $64.9 million to over $225 million during the same period. We look forward to starting off 2026 with more acquisitions as we continue to scale DXP. We appreciate the continued support of our advisors and lender group. Following the close of this transaction at the end of Q3, DXP’s pro forma net debt to EBITDA stands at 2.8:1.”

Additional details regarding the refinanced TLB borrowings will be available in DXP’s Current Report on Form 8-K to be filed with the Securities and Exchange Commission by December 22^nd.

About DXP Enterprises, Inc.

DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico, and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production (“MROP”) services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP’s breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include but are not limited to; ability to obtain needed capital, dependence on existing management, leverage, and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission.

Contacts

Kent Yee

Senior Vice President CFO

713-996-4700 – www.dxpe.com

TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the fourth quarter and year ended December 31, 2025 after the close of markets on Wednesday, February 25, 2026.

Granite will hold a conference call and live audio webcast to discuss its financial results. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer.

Conference Call:

Date:	Thursday, February 26, 2026 at 11:00 a.m. (ET)
Telephone:	North America (Toll-Free):	1-800-549-8228
	International (Toll):	1-289-819-1520
Conference ID/Passcode:	56617
Webcast:	To access the live audio webcast in listen-only mode, please visit https://events.q4inc.com/attendee/877169609 or https://granitereit.com/events

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 140 investment properties representing approximately 60.9 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 Data Analysis and Retrieval+ (SEDAR+) which can be accessed at www.sedarplus.ca 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, Senior Director, Legal & Investor Services, at 647-925-7504.

Contacts

Teresa Neto, Chief Financial Officer

647-925-7560

or

Andrea Sanelli, Senior Director, Legal & Investor Services

647-925-7504

LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Growth Trust III, Inc. (“SSGT III”), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), announced the acquisition of a three-property self-storage portfolio in Spartanburg County, South Carolina. The portfolio totals approximately 179,900 net rentable square feet and includes approximately 1,580 storage units, the majority of which are climate-controlled, along with approximately 120 parking spaces. These three properties were acquired by SSGT III in Delaware Statutory Trusts.

The facilities are modern assets located in well-populated suburban trade areas benefiting from strong household incomes, solid traffic exposure, and favorable population growth trends.

The Boiling Springs facility, located at 112 McCullugh Road, comprises approximately 53,500 net rentable square feet, 450 storage units and 66 parking spaces. The property offers a mix of interior climate-controlled units and exterior drive-up units and benefits from visibility to approximately 33,000 vehicles per day. The location serves the residential communities of Boiling Springs, Summit Brown Arrow, Fingerville, Mayo, Cherokee Springs, Whitney Heights, Converse, Drayton, Spartanburg, Valley Falls, Willow Wood, Woodfield, Inman, Inman Mills, Woodridge and Woodfin.

The facility at 899 E. Main St. in Spartanburg consists of five one-story buildings, totaling approximately 50,300 net rentable square feet and 410 units. The property offers a mix of climate-controlled and drive-up units, and benefits from its proximity to downtown Spartanburg and surrounding infill development. The East Main Street location serves the nearby residential neighborhoods of Spartanburg, Summit Hills, Zion Hill, Hillbrook, Fernwood, Hillcrest, Converse, Clifton, Glendale, Beaumont Village, Whitney, Whitney Heights and Drayton.

The facility located at 1640 John B. White Sr. Blvd. features a modern three-story building with approximately 76,100 net rentable square feet, 720 climate-controlled storage units and 55 parking spaces. The property will serve the neighborhoods of Spartanburg, Arcadia, Saxon, Woodland Heights, Windsor Forest, Woodwind, Arkwright, Roebuck, Ashley, West Forest, Angelwood, Fairmont Hills and Camelot.

“These acquisitions advance SSGT III’s strategy of investing in high-quality self-storage assets in attractive secondary markets,” said H. Michael Schwartz, CEO of SSGT III. “Spartanburg benefits from strong demographic growth, expanding residential development and favorable demand drivers, positioning this portfolio for continued operational performance and long-term value creation.”

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 December 18, 2025, SSGT III has a portfolio of ten operating properties in the United States, comprising approximately 7,740 units and 835,175 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 December 18, 2025, SmartStop has an owned or managed portfolio of more than 460 operating properties in 34 states, Washington D.C., 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
Senior VP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

TORONTO–(BUSINESS WIRE)–VeriFast, the industry-leading AI-powered Verification-as-a-Service platform, today announced a definitive move to redefine the rental landscape through the acquisition of Opsansa, a San Francisco-based pioneer in automated property management support. This strategic acquisition accelerates VeriFast’s mission to provide a frictionless, end-to-end AI leasing ecosystem for the multifamily and residential sectors.

As part of the acquisition, Rowan Aldean, CEO of Opsansa, will join the VeriFast executive team as VP of Automation. In this new role, Aldean will spearhead the development of Agentic Automation within the VeriFast platform—moving beyond simple task automation toward autonomous AI agents capable of managing complex leasing workflows from end to end.

Fresh off winning the IMN SFR Award for AI Application of the Year, VeriFast is integrating Opsansa’s specialized technology to eliminate the “dead air” in the leasing cycle. By combining VeriFast’s deep expertise in resident screening with Opsansa’s agentic workflow automation, property managers can now move from initial inquiry to approved lease with unprecedented speed and precision.

“This is a massive game-changer for the industry because tasks that used to take hours or days are now happening instantly,” says VeriFast CEO Tim Ray. “By bringing Rowan on board to lead our Agentic Automation strategy, we are ensuring that VeriFast isn’t just a tool, but a fully autonomous engine for property operators. Speed at which we approve qualified residents is the ultimate currency in multifamily leasing, and we are now positioned to help operators and asset owners fill their buildings with qualified residents at scale.”

The integration of Opsansa’s technology and Aldean’s expertise creates a singular, AI-driven powerhouse that automates the most labor-intensive aspects of the multifamily leasing office:

• Autonomous Workflows: Leveraging Agentic AI to manage support operations and applicant communication without manual intervention.
• Fastest Resident Approvals: Instant approval applicants’ identity, income, employment and condition handling for complex credit and background screening conditional requirements across all 50 states; delivering approvals in minutes.
• Reduced Operational Friction: Freeing site teams from administrative burdens to focus on high-value resident engagement and community building.

“VeriFast has already set the standard as the Most Trusted Screening Platform with over 10,000 renter reviews on Trust Pilot and 4.2 stars. We are going to set the standard for how AI actually works for property managers,” said Aldean. “I am thrilled to lead the Agentic Automation frontier here, helping property operators scale their portfolios without scaling their overhead.”

About VeriFast

VeriFast is revolutionizing the applicant verification process for property management companies and lenders. By using proprietary AI to automate identity checks, background screening, and financial validation, VeriFast delivers high-integrity results in minutes. For more information, visit VeriFast.com.

Contacts

Press Contact:

Cameron Thomas for Verifast

Cameron@verbfactory.com
416-660-9801

Real strengthens its Ontario presence with one of Canada’s best-known real estate leaders and a high-performing network of agents with more than $500 million in annual sales

MIAMI–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), a leading real estate technology platform redefining the industry through innovation and culture, today announced that Sandy MacKay, one of Canada’s most respected team leaders and real estate investment experts, has brought his 12-agent Found Spaces Realty Group team, averaging $100 million in volume per year over the past eight years, as well as a network of 50 additional top-producing agents across Ontario with $500 million in annual sales to Real.

With 15 years of real estate investment experience, including nearly 12 years as an agent, MacKay has become well-known for his brokerage leadership and real estate investment expertise, helping others build wealth through real estate ownership.

His 12-agent team, Found Spaces Realty Group, has sold more than 2,000 homes over the past eight years. Before becoming a Realtor, he built a successful investing background that shaped his approach to client service and portfolio strategy. He is the co-founder of the Breakthrough Real Estate Investing Podcast, which became the No. 1 real estate investing podcast in Canada, and he leads VIC Capital, one of Ontario’s most active investment communities.

Joining MacKay at Real are four key members of his leadership team. This includes author, speaker, and coach Chris Chopite, founder of Inspired Co., a top-tier real estate coaching company that serves more than 100 agents; Martin Kuev, co-founder of VIC Capital; as well as Ana Marin, Director of Operations, and Mike Johnson, Vice President and Sales Director.

“Sandy represents exactly the kind of forward-thinking leaders who excel at Real,” said Tamir Poleg, Chairman and CEO of Real. “His influence in the investment space, combined with his commitment to coaching, productivity and culture, aligns perfectly with our mission. Sandy brings a strong leadership team and powerful network of top producers who not only strengthen our presence across Ontario, but also expand Real’s leadership in the investment-focused segment of the market.”

MacKay said the decision to join Real was driven by the company’s entrepreneurial model and commitment to agent empowerment.

“Real offers the model of the future,” he said. “Traditional brokerages put a ceiling on how far you can grow. Real gives team leaders and agents the ability to think bigger, expand anywhere and build long-term wealth. The financial model, the technology and the culture of productivity create an environment where ambitious agents can thrive.”

Chopite emphasized Real’s innovation, culture and people-first approach. “Real is the Netflix of real estate,” he said. “Just like Netflix disrupted the way people watched movies, Real is trailblazing a better way for agents to work. This is the age of technology and relationships, and Real is leading both. The innovations around HeyLeo and Real Wallet impressed me immediately, but even more impressive were the people. Everyone here is willing to help. I want to make a major impact on this industry, and I couldn’t think of a better company to align with.”

Their arrival comes as Real continues to grow its agent count, which now exceeds 31,000 and expands its technology ecosystem. The company recently introduced HeyLeo, an industry-leading, voice-interactive, AI-powered consumer search experience. Real also launched major enhancements to Leo CoPilot, its agent-centric AI assistant, including real-time, voice-enabled support across operations, compliance and marketing. In addition, Real unveiled upgrades to Real Wallet, the first-of-its-kind embedded finance platform in the residential brokerage industry.

About Real

Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simpler. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence in all 50 states across the U.S. and Canada, Real supports over 31,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

Forward-Looking Statements

Some of the statements in this press release are “forward-looking statements,” as that term is defined in the Private Securities Litigation Reform Act of 1995, including statements regarding agent growth and expected home sales volume. These forward-looking statements are subject to risks, uncertainties and assumptions, including the risk of slowdowns in real estate markets, economic and industry downturns and Real’s ability to attract new agents and retain current agents. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements. They include the risks discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 6, 2025, and “Risks and Uncertainties” in the Company’s Quarterly Management’s Discussion and Analysis for the period ended September 30, 2025, copies of which are available under the Company’s SEDAR+ profile at www.sedarplus.ca. It is not possible for management to predict all the possible risks that could affect Real or to assess the impact of all possible risks on Real’s business.

Contacts

Investor inquiries, please contact:
Loren Irwin

Director, Investor Relations and Financial Reporting

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:
Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

press@therealbrokerage.com
201.564.4221