Family-owned building supplier strengthens window and door offerings in Sacramento region

PETALUMA, Calif.–(BUSINESS WIRE)–Golden State Lumber + Showroom announces the acquisition of The Window and Door Shop-Sacramento, a respected window and door showroom serving the Sacramento region since 2009. It will officially open as a Golden State Lumber + Showroom location on Oct. 1, 2025.

Since July 2009, The Window and Door Shop-Sacramento co-founders Warren and Gaby Sizemore have built strong relationships with homeowners, contractors, architects, and industry professionals through their attention to detail and commitment to honest, friendly service. This reputation for excellence aligns perfectly with Golden State’s dedication to offering exceptional products and superior customer service.

“This acquisition strengthens our commitment to the window and door category and expands our presence in the Sacramento region,” said Golden State Lumber + Showroom CEO Jessica Scerri. “It also reflects our ongoing investment in quality, service, and long-term partnerships—values that are deeply shared between our two companies.”

By expanding Golden State’s footprint in the Sacramento area, the 71-year-old family-owned company reinforces the company’s commitment to serving Northern California’s construction and remodeling professionals. The Window and Door Shop-Sacramento’s product offerings include exceptional brands including Marvin, Western Window Systems, Milgard, Weather Shield, and TruStile.

About Golden State Lumber + Showroom

Founded in 1954, Golden State Lumber + Showroom is Northern California’s premier provider of commercial and residential building materials, serving the San Francisco Bay Area with ten locations including lumberyards and product showrooms. With one of the region’s largest on-ground inventory and transport fleets, the company offers same/next-day jobsite delivery. Professional builders, architects, and contractors have relied on Golden State’s extensive product selection, from lumber and building materials to custom millwork and designer windows and doors. The company’s commitment to excellence combines top brands with expert staff trained in the latest building trends. Learn more at www.goldenstatelumber.com.

Contacts

Media contact: socialmedia@goldenstatelumber.com

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO–(BUSINESS WIRE)–Dream Industrial REIT (TSX: DIR.UN) (the “Trust”) announced today that it has renewed its existing universal base shelf prospectus, by filing and obtaining a receipt for a final base shelf prospectus (the “Shelf Prospectus”). The Shelf Prospectus is valid for a 25-month period, during which time the Trust may offer and issue, from time to time, units, subscription receipts and debt securities, which may include debt securities convertible into or exchangeable for units of the Trust, or any combination thereof. The previous base shelf prospectus of the Trust is scheduled to expire on October 6, 2025.

The Trust has also renewed its at-the-market equity program (the “ATM Program”) today, which was previously set to expire on October 6, 2025, allowing the Trust to issue up to $250,000,000 of units (the “Units”) from treasury to the public from time to time, at its discretion. The Trust intends to use the net proceeds from the ATM Program, if any, for future property acquisitions, development and redevelopment opportunities, repayment of indebtedness and for general trust purposes.

In connection with the renewal of the ATM Program, the Trust has entered into an equity distribution agreement dated September 29, 2025 (the “Equity Distribution Agreement”) with TD Securities Inc., RBC Capital Markets and Scotia Capital Inc. Any Units sold in the ATM Program will be distributed through the Toronto Stock Exchange or any other permitted marketplace. The volume and timing of distributions under the ATM Program, if any, will be determined at the Trust’s sole discretion. The ATM Program will be effective until October 29, 2027 unless terminated prior to such date by the Trust or otherwise in accordance with the terms of the Equity Distribution Agreement.

As any Units sold in the ATM Program will be distributed at the market prices prevailing at the time of the sale, prices may vary among purchasers during the period of the distribution. Distributions of the Units through the ATM Program will be made pursuant to the terms of the Equity Distribution Agreement. In connection with the renewal of the ATM Program, the Trust has filed a prospectus supplement dated September 29, 2025 (the “Prospectus Supplement”) to the Shelf Prospectus. The Prospectus Supplement and the Equity Distribution Agreement are available on SEDAR+ at www.sedarplus.ca under the Trust’s profile.

This news release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities, in any jurisdiction in which such offer or solicitation is unlawful. This news release is not an offer of securities for sale in the United States (“U.S.”). The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the U.S., its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act.

About Dream Industrial Real Estate Investment Trust

Dream Industrial REIT is an owner, manager and operator of a global portfolio of well-located, diversified industrial properties. As at June 30, 2025, the Trust has an interest in and manages a portfolio which comprises 338 industrial assets (550 buildings) totalling approximately 72.9 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. The Trust’s objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment grade balance sheet. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. For more information, please visit www.dreamindustrialreit.ca.

Forward looking information

This news release may contain forward-looking information within the meaning of applicable securities legislation. Forward looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Some of the specific forward-looking information in this news release may include, among other things, the Trust’s intended use of the net proceeds from the ATM Program and the Trust’s objectives. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Trust’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, general and local economic and business conditions; employment levels; mortgage and interest rates and regulations; inflation; risks related to a potential economic slowdown in certain of the jurisdictions in which the Trust operates and the effect inflation and any such economic slowdown may have on market conditions and lease rates; risks that the Trust’s operations may be affected by adverse global market, economic and political conditions and other events beyond our control, including risks related to the imposition of duties, tariffs and other trade restrictions and their impacts; uncertainties around the timing and amount of future financings; uncertainties surrounding public health crises and epidemics; geopolitical events, including disputes between nations, war and international sanctions; the financial condition of tenants; leasing risks, including those associated with the ability to lease vacant space; rental rates and the strength of rental rate growth on future leasing; and interest and currency rate fluctuations. Our objectives and forward-looking statements are based on certain assumptions with respect to each of our markets, including that the general economy remains stable, including that future market and economic conditions will occur as expected and that geopolitical events, including disputes between nations or the imposition of duties, tariffs, quotas, embargoes or other trade restrictions (including any retaliation to such measures), will not disrupt global economies; inflation and interest rates will not materially increase beyond current market expectations; conditions within the real estate market remain consistent; competition for acquisitions remains consistent with the current climate; and the capital markets continue to provide ready access to equity and/or debt. All forward-looking information in this news release speaks as of the date of this news release. The Trust does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise except as required by law. Additional information about these assumptions and risks and uncertainties is contained in the Trust’s filings with securities regulators, including its latest annual information form and MD&A. These filings are also available at the Trust’s website at www.dreamindustrialreit.ca.

Contacts

Dream Industrial Real Estate Investment Trust

Alexander Sannikov

President & Chief Executive Officer

(416) 365-4106

asannikov@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

 

 

Recent and anticipated openings in Johannesburg, Kuala Lumpur, Los Cabos, Tokyo and more mark a milestone year for Hyatt’s most iconic luxury brand, underscored by its belief that “Luxury is Personal”

CHICAGO–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE:H) announces that the Park Hyatt brand’s commitment to personalized luxury is reflected not only in its philosophy to provide service at the highest standard, but also in the brand’s thoughtful approach to entering desirable locations across the globe.

In 2025, Hyatt commemorates the 45th anniversary of Park Hyatt—an iconic brand that has helped redefine luxury hospitality since the debut of Park Hyatt Chicago in 1980. The first global Park Hyatt marketing campaign in over five years, Luxury is Personal, showcases the brand’s articulation of intuitive service and intentional enrichment. Through a subtle symphony of refined details, each Park Hyatt stay experience is composed to enrich the way our guests stay with us. From scent, to space, to service, the campaign captures the quiet resonance and seamless sensory harmony that occurs when each detail is orchestrated with care and attuned to the individual.

The Park Hyatt brand’s recent and continued remarkable growth across Europe, Africa, Asia Pacific, and Americas regions promises to expand the brand’s enduring dedication to refined design principles, gracious service, and culinary excellence resonant to each destination. As the brand continues to evolve alongside the expectations of today’s discerning global travelers, these strategic openings will create new opportunities for exploration with Park Hyatt hotels serving as havens where understated luxury and exceptional service create a deeply personal experience.

The newest and upcoming openings of Park Hyatt hotels in iconic destinations include:

• EAME
  • Park Hyatt Marrakech (opened July 1, 2024): Park Hyatt Marrakech stands apart from other luxury hotels in the market through a distinctly modern and stylish take on Arab-Berber heritage. The hotel’s 130 residentially inspired guestrooms and suites are among the most spacious in Marrakech, and promise privacy and tranquility, with Moroccan touches throughout.
  • Park Hyatt London River Thames (opened October 8, 2024): Marking the debut of the Park Hyatt brand in the United Kingdom, Park Hyatt London River Thames is located in the South West London district of Nine Elms, boasting unparalleled views of London’s skyline. The hotel offers 203 guestrooms, in a prime location that allows guests to fulfill their diverse desires for culture, exploration and creativity – just a short walk from Battersea Power Station.
  • Park Hyatt Johannesburg (opened July 1, 2025): Set within the vibrant Rosebank district, celebrated for its cultural richness and urban vitality – with 31 elegantly appointed guestrooms and suites, Park Hyatt Johannesburg offers a refined, residential-style experience where thoughtful design, immersive art, and warm hospitality come together in perfect balance.
  • Park Hyatt Taormina (expected to open in 2027): A cliffside retreat on Sicily’s eastern coast, this property will offer sweeping views of the Ionian Sea and Mount Etna, luxurious suites with private terraces, and a serene blend of modern elegance and timeless Italian charm. Just steps from Taormina’s historic center, guests will be able to unwind with locally inspired cuisine, a world-class spa and access to the region’s rich cultural and natural beauty.
• ASPAC
  • Park Hyatt Kuala Lumpur (opened August 7, 2025): With 252 guestrooms and suites located between levels 75 and 114 of the iconic Merdeka 118 – the tallest skyscraper in Asia Pacific, the hotel provides discerning travelers a refined home in the sky with unparalleled views of the Malaysian capital’s skyline.
  • Park Hyatt Tokyo (expected to resume operations in December 2025): An elegant oasis of space and calm, Park Hyatt Tokyo hotel is the ideal luxury destination in Tokyo where guests can enjoy a 360-degree view of the bustling city and Mount Fuji. Following a comprehensive property-wide refinement since May 2024, the hotel will unveil newly designed guestrooms and suites, restored public spaces, event venues and enhanced dining destinations, including Girandole by Alain Ducasse in collaboration with Ducasse Paris Group founded by the celebrated Michelin-starred chef and entrepreneur, Alain Ducasse.
  • Park Hyatt Phu Quoc (expected to open Q2, 2026): Nestled on the island’s southwest tip, this property will seamlessly harmonize traditional Vietnamese architecture with pristine nature. Park Hyatt Phu Quoc will allow guests to indulge in the exquisite convergence of contemporary art and timeless craftsmanship, creating unforgettable moments for all ages on the pearl island.
• Americas
  • Park Hyatt Los Cabos at Cabo del Sol (expected to open late 2025): A luxurious coastal sanctuary spread across two miles of the Baja California Sur coastline in the exclusive Cabos del Sol community will boast 163 uniquely designed guestrooms and suites, a 59,000-square-foot wellness complex – one of the region’s largest – including a yoga studio, lap pool and personalized wellness treatments rooted in the destination.
  • Park Hyatt Cancun (expected to open in 2026): Will offer beachfront access, immersive and rare culinary, bar and lounge experiences, and world-renowned architecture and design.
  • Park Hyatt Mexico City (expected to open in 2026): Will feature 155 luxury guestrooms and 23 branded residences located on the upscale Campos Elíseos Street in the heart of the Polanco neighborhood, overlooking Mexico City’s iconic Chapultepec Park.
  • Park Hyatt Vancouver (expected to open in 2026): Now operating as Hyatt Vancouver Downtown Alberni until a multi-million-dollar redesign, Park Hyatt Vancouver will rise high above the skyline in the tallest building in Vancouver. The hotel will also offer 119 beautifully outfitted guestrooms, serene wellness amenities, and a dining experience that promises to redefine elevated hospitality in one of Canada’s most captivating destinations.

Reinforcing the Park Hyatt brand’s belief that luxury experiences are created through the subtly refined and thoughtful details that encompass a stay, the brand is unveiling a new global campaign, Luxury is Personal. Inspired by the idea that a symphony is built from distinct elements working seamlessly together, the campaign illustrates how every aspect of the Park Hyatt experience—from design, to art, cuisine, service, and more—is thoughtfully composed to enrich the way guests feel, move, and stay.

“The Park Hyatt campaign, Luxury is Personal, celebrates luxury not just as a grand performance, but as an intimate convergence of refined details that resonate long after the stay. This lasting vision for the brand to create spaces of personal luxury in the world’s most sought-after places is further emphasized through the many exciting properties we’ve introduced and look forward to welcoming to the brand soon,” said Katie Johnson, Vice President & Global Brand Leader, Luxury, Hyatt. “As we celebrate 45 years of Park Hyatt hotels, we are extremely proud of the personal touch we bring to servicing our guests and members and can’t wait to breathe new life into the brand as we head into our next chapter.”

Hyatt’s Luxury hotel portfolio has grown at a remarkable 146 percent since 2017, inviting guests to experience a curated assortment of brands that span cultural immersion, transformational wellbeing, residential modern elegance, and more. With brands like Park Hyatt which combines service with refined understated luxury, the culturally rich and environmentally conscious Alila, and the compilation of independent, one-of-a-kind luxury hotels in The Unbound Collection by Hyatt, Hyatt’s Luxury portfolio continues to see strong, sustained demand from guests and owners alike.

To learn more information, please visit www.hyatt.com.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About Park Hyatt

The Park Hyatt brand’s legacy spans over 45 years of being the luxury choice for discerning global travelers, offering refined and exceptional accommodations in the world’s most desirable cities and resort destinations. Each property is thoughtfully designed to deliver residentially inspired elegance through architecture, housed world-class art, and curated immersive culinary experiences—all complemented by an intuitively personalized level of service. Guests enjoy carefully appointed rooms, acclaimed design, and signature restaurants led by award-winning chefs—creating experiences as personal as they are memorable. For more information, visit parkhyatt.com. Follow @ParkHyatt on Facebook, X and Instagram, and tag your moments with #LuxuryIsPersonal.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of June 30, 2025, the Company’s portfolio included more than 1,450 hotels and all-inclusive properties in 80 countries across six continents. The Company’s offering includes brands in the Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse® Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Sunscape® Resorts & Spas, Alua Hotels & Resorts®, and Bahia Principe Hotels & Resorts; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Unscripted by Hyatt, Hyatt Place®, Hyatt House®, Hyatt Studios, Hyatt Select, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

Forward-Looking Statements

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geopolitical conditions, including political or civil unrest or changes in trade policy; the impact of global tariff policies or regulations; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as hurricanes, earthquakes, tsunamis, tornadoes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve specified levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations or realize anticipated synergies; failure to successfully complete proposed transactions, including the failure to satisfy closing conditions or obtain required approvals; our ability to successfully complete dispositions of certain of our owned real estate assets within targeted timeframes and at expected values; our ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of our real estate assets; unforeseen terminations of our management and hotel services agreements or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and manage the Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; and violations of regulations or laws related to our franchising business and licensing businesses and our international operations; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contacts

Media Contact:
Patrice Henry

Patrice.Henry@Hyatt.com

HOUSTON–(BUSINESS WIRE)–Westlake Royal Building Products^™, a Westlake company (NYSE: WLK), has launched two new shake colors under its DaVinci^® Roofscapes brand: Timber Black and Blonde Cedar. Representing opposite ends of the color spectrum, each showcases the unique, natural variations of cedar that emerge depending on when, where and how it is harvested, opening a world of possibilities for nearly any home exterior.

“The latest additions to our Nature Crafted Collection highlight DaVinci’s dedication to creating roofing options that balance natural beauty with exceptional performance,” said Mark Pagel, general manager, DaVinci Roofscapes. “Timber Black and Blonde Cedar showcase the striking contrast and authenticity of real cedar, while delivering the durability and low-maintenance benefits homeowners expect from DaVinci.”

The new Timber Black color features deep grays and blacks reminiscent of the rich shades of freshly burning charcoal. Part of the Nature Crafted Collection, Timber Black combines a textured shake appearance with bold hues for the authentic feel of rustic black cedar trees found deep in the eastern forests of North America.

Warm and refined, the new Blonde Cedar color features distinct grain patterns that replicate the depth and light, airy coloring of sun-kissed cedar. The hue highlights a roof with a subtle luster of golden tones that add a comfortable, natural cedar distinction to lighten the mood of the entire home exterior.

Timber Black and Blonde Cedar are available in Select Shake, Single-Width Shake and Multi-Width Shake. DaVinci shake products are modeled from hand-split shake for natural, non-repeating beauty but without the ongoing maintenance, repairs and replacement needs of wood. The product’s unique composite construction outperforms natural cedar shake with a Class A Fire Rating, Class 4 Impact Rating and a 110-mph Straight-line Wind Rating. The tiles withstand winds up to 180 mph, meeting Coastal Florida’s performance for High Velocity Hurricane Zone (HVHZ) and Miami-Dade wind requirements when fastened properly.

Learn more at westlakeroyalbuildingproducts.com/roofing/davinci-roofscapes.

About DaVinci Roofscapes

Industry-leading DaVinci Roofscapes captures the authentic look of real cedar shake and natural slate in each of their composite roofing tiles. Made of virgin resins, UV and thermal stabilizer, plus a highly specialized fire retardant, each tile resists impact, fire and severe weather. They also defy insects, rotting, fading and splitting. Available in dozens of colors, the composite tiles are backed by a Lifetime Limited Material Warranty. DaVinci Roofscapes is a brand of Westlake Royal Building Products^™.

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. Westlake Royal Building Products manufactures 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

Media Contact:
Wendy Bruch

wbruch@davinciroofscapes.com
Director of Marketing | DaVinci Roofscapes

TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the third quarter ended September 30, 2025 after the close of markets on Wednesday, November 5, 2025.

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, November 6, 2025 at 11:00 a.m. (ET)
Telephone:		North America (Toll-Free):		1-800-549-8228
		International (Toll):		1-289-819-1520
Conference ID/Passcode:		70287
Webcast:		To access the live audio webcast in listen-only mode, please visit https://events.q4inc.com/attendee/717195000 or https://granitereit.com/events

To hear a replay of the webcast, please visit https://granitereit.com/events. The replay will be available for 90 days.

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 141 investment properties representing approximately 60.6 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

Andrea Sanelli

Senior Director, Legal & Investor Services

647-925-7504.

LADERA RANCH, Calif. & TUCSON, Ariz.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced a significant milestone in its growth strategy with the signing of a contribution agreement for Argus Professional Storage Management (“APSM”), the sixth largest (and second largest independent) self-storage third-party management company in the U.S., according to Inside Self Storage, to combine with SmartStop. Together, SmartStop and APSM will own or manage over 460 self-storage properties in North America. The transaction is expected to close in October 2025, subject to customary closing conditions.

“We are very excited to announce this strategic combination, which expedites SmartStop’s expansion into third-party management in a manner that we believe will be immediately accretive to SmartStop’s FFO as Adjusted,” said H. Michael Schwartz, Chairman and Chief Executive Officer of SmartStop. “Perhaps more importantly, we are doing so with an absolutely top-notch entrepreneurial partner managing a portfolio with sizeable geographic overlap to our existing portfolio. APSM has earned a strong reputation for integrity and performance within the self-storage industry, and we are proud to join our two great companies. By combining Argus’ presence in the property management space with our innovative technology-driven platform, we can provide storage owners with a differentiated offering that is both flexible and powerful. Likewise, we believe that our entrepreneurial roots make us a terrific partner for owners both in the U.S. and Canada.”

“This is a game-changing deal for the self-storage industry,” said Ben Vestal, Chief Executive Officer of APSM. “This merger will create a best-in-class operating and management platform. SmartStop’s entrepreneurial approach along with its robust technology will allow APSM to continue to provide its clients with the flexibility they value while tapping into an industry-leading platform. The two companies’ cultures are very similar, with an emphasis on putting the client’s investment goals and objectives first. This merger will create the first entrepreneurial-minded, industry leading operating platform in self-storage.”

SmartStop will continue to embrace APSM’s entrepreneurial and collaborative approach to third-party management designed to meet the needs of independent storage owners and will be expanding that offering to three distinct partnership options:

1. SmartStop – a traditional SmartStop-branded strategy,
2. SmartStop Legacy – an option in which partners maintain their existing brand, but operate on SmartStop’s website and the SmartStop Platform, and
3. Full Private Label – a fully white label solution that fully preserves the existing brand identity from top to bottom, while running on the SmartStop Platform.

This flexible model empowers storage entrepreneurs to engage with SmartStop on their own terms, while gaining the advantages of SmartStop’s industry-leading technology, that drives operational efficiency, dynamic pricing, and comprehensive marketing. Additionally, SmartStop will offer customized bridge lending opportunities, providing further flexibility and liquidity to its partners. SmartStop’s collaborative approach to third-party management emphasizes independence and flexibility, tailoring solutions to each partner’s goals.

Advisors:

BMO Capital Markets Corp. is acting as SmartStop’s exclusive financial advisor in connection with the transaction. Nelson Mullins Riley & Scarborough LLP is providing legal counsel to SmartStop, and Fennemore Craig, P.C. is providing legal counsel to APSM.

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 600 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. As of September 24, 2025, SmartStop has an owned or managed portfolio of 236 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 170,500 units and 19.1 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties in Canada, which total approximately 41,800 units and 4.2 million rentable square feet.

About Argus Professional Storage Management (APSM):

Argus Professional Storage Management (APSM) is the second largest exclusively third-party management company in the self-storage industry. APSM manages 227 stores across 26 states (as of September 24, 2025), encompassing approximately 16.6 million rental square feet, 102,000 units. APSM generates more than $150 million of revenue per year for its third-party management stores and annually completes more than $10 million in capital improvements for its clients. Founded in 2012, APSM is headquartered in Tucson, Arizona, with corporate offices in Phoenix, Arizona; Denver, Colorado; and Dallas, Texas.

Caution About Forward-Looking Statements

Certain of the matters discussed in this press release, other than historical facts, constitute forward-looking statements within the meaning of the federal securities laws, and we intend for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in such federal securities laws. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words and expressions of the future or otherwise regarding the outlook for APSM’s, SmartStop’s or the combined company’s future businesses and financial performance and/or the performance of the self storage industry and economy in general (or the negative of such terms or other comparable terminology), or by discussions of strategy.

Such forward-looking statements include, but are not limited to, statements about the benefits of the proposed transaction between APSM and SmartStop, including future financial and operating results (including the anticipated impact of the proposed transaction on SmartStop’s FFO as adjusted), statements related to the expected timing of the completion of the proposed transaction, the combined company’s plans, objectives, expectations and intentions, and other statements that are not historical facts.

Forward-looking statements are subject to known and unknown risks and uncertainties that could cause the actual results, performance or achievements of APSM, SmartStop or the combined company to differ materially from those projected or anticipated, including, without limitation: (1) the risk that the cost savings and synergies from the proposed transaction may not be fully realized or may take longer than anticipated to be realized, (2) disruption to APSM’s business and to SmartStop’s business as a result of the announcement and pendency of the proposed transaction, (3) the risk that the integration of APSM’s and SmartStop’s respective businesses and operations will be materially delayed or will be more costly or difficult than expected, including as a result of unexpected factors or events, (4) the amount of the costs, fees, expenses and charges related to the transaction, (5) reputational risk and the reaction of each company’s customers, suppliers, employees or other business partners to the proposed transaction, (6) the failure of the closing conditions in the contribution agreement to be satisfied, or any unexpected delay in closing the proposed transaction or the occurrence of any event, change or other circumstances that could give rise to the termination of the contribution agreement, (7) the dilution caused by the issuance of OP Units in the transaction, (8) the possibility that the proposed transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (9) risks related to management and oversight of the expanded business and operations of the combined company following the closing of the proposed transaction, (10) the possibility the combined company is subject to additional regulatory requirements as a result of the proposed transaction or expansion of the combined company’s business operations following the proposed transaction, including, without limitation, potential regulatory approval related to the sale of tenant insurance, (11) the outcome of any legal or regulatory proceedings or governmental inquiries or investigations that may be currently pending or later instituted against APSM, SmartStop or the combined company, and (12) general competitive, economic, political and market conditions and other factors that may affect future results of APSM and SmartStop.

All forward-looking statements are based upon our current expectations and various assumptions relating to APSM, SmartStop or the combined company. Our expectations, beliefs and projections are expressed in good faith, and we believe there is a reasonable basis for them, but there can be no assurance that management’s expectations, beliefs and projections will result or be achieved. In addition, many of the factors referenced above are beyond the ability of APSM, SmartStop or the combined company’s to control or predict. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and are not intended to be a guarantee of our performance in future periods. We do not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

For further information regarding risks and uncertainties associated with our business, and important factors that could cause our actual results to vary materially from those expressed or implied in such forward-looking statements, please refer to the factors listed and described under the captions “Cautionary Note Regarding Forward-Looking Statements” and the “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, as supplemented by subsequent documents that we file from time to time with the SEC, including our Form 10-Qs and Form 8-Ks, copies of which may be obtained from our website at investors.smartstopselfstorage.com.

Contacts

David Corak
SVP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

Jason Christley
Director, Marketing & Communications

Argus Professional Storage Management

jasonc@proselfstorage.com