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FirstService Reports Third Quarter 2022 Results

October 26, 2022 By Globenewswire Tagged With: TSX:FSV

Revenue Growth Remains Strong and Broad-Based Operating highlights:   Three months ended   Nine months ended   September 30   September 30   2022   2021   2022   2021                                 Revenues (millions) $ 960.5     $ 849.4  … [Read More]

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

Morguard North American Residential REIT Announces 2022 Third Quarter Results and an Increase to Monthly Cash Distribution

October 25, 2022 By NewsWire Tagged With: TSX:MRG.UN

MISSISSAUGA, ON, Oct. 25, 2022 /CNW/ – Morguard North American Residential REIT (the “REIT”) (TSX: MRG.UN) today announced its financial results for the three and nine months ended September 30, 2022. Highlights The REIT is reporting third quarter performance of: Net operating income (“NOI”) of $44.9 million for the three months ended September 30, 2022,… [Read More]

SmartCentres Declares Distribution for October 2022

October 25, 2022 By Globenewswire Tagged With: TSX:SRU.UN

TORONTO, Oct. 25, 2022 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of October 2022 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis. Payment will be made on November… [Read More]

PROREIT ANNOUNCES DATE FOR RELEASE OF THIRD QUARTER 2022 RESULTS AND CONFERENCE CALL

October 25, 2022 By NewsWire Tagged With: TSX:PRV.UN

MONTREAL, Oct. 25, 2022 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) will release its 2022 third quarter financial results on Wednesday, November 9, 2022, after markets close. A conference call hosted by PROREIT’s management team will be held on Thursday, November 10, 2022, at 9:00 (ET) to discuss the results…. [Read More]

George Weston Limited Announces Timing of Third Quarter Earnings Release

October 25, 2022 By NewsWire Tagged With: TSX:WN

TORONTO, Oct. 25, 2022 /CNW/ – George Weston Limited (TSX: WN) will be announcing its 2022 Third Quarter Results on November 22, 2022 at 7:00AM (ET). About George Weston Limited George Weston Limited is a Canadian public company founded in 1882. The Company operates through its two reportable operating segments, Loblaw Companies Limited and Choice… [Read More]

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

Minto Apartment REIT Releases 2021 ESG Report and Announces 2022 GRESB Results

October 24, 2022 By NewsWire Tagged With: TSX:MI.UN

OTTAWA, ON, Oct. 24, 2022 /CNW/ – Minto Apartment Real Estate Investment Trust (TSX: MI.UN) (the “REIT”) today announced the publication of its 2021 Environmental, Social and Governance (“ESG”) Report (the “Report”) as well as the results from the 2022 GRESB real estate assessment. The Report emphasizes that the REIT’s mission to build better places… [Read More]

Slate Office REIT Closes $45 Million Bought Deal Offering

October 24, 2022 By Globenewswire Tagged With: TSX:SOT.UN

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Oct. 24, 2022 (GLOBE NEWSWIRE) — Slate Office REIT (the “REIT”) (TSX: SOT.UN), an owner and operator of high-quality workplace real estate, announced today that it has closed its previously announced bought deal public offering (the “Offering”) by way of its short… [Read More]

FirstService Announces Property Restoration Additions

October 24, 2022 By Globenewswire Tagged With: TSX:FSV

Three Tuck-Under Acquisitions Expand Geographic Footprint and Capabilities TORONTO, Oct. 24, 2022 (GLOBE NEWSWIRE) — FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it has recently completed three acquisitions within its property restoration service lines, including the addition of two regional commercial restoration firms to its First Onsite Restoration platform, and the expansion… [Read More]

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

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