STRONG SEQUENTIAL SAME-STORE NOI AND NAV GROWTH DECLINING AFFO PAYOUT RATIO TORONTO, Aug. 06, 2024 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust”), (TSX: FCD.UN) is pleased to report its financial results for the three and six months ended June 30, 2024. PROPERTY PORTFOLIO HIGHLIGHTS The portfolio consists of 64 commercial properties… [Read More]
European Residential REIT Reports Second Quarter 2024 Results
TORONTO, Aug. 06, 2024 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or the “REIT”) (TSX: ERE.UN) announced today its results for the three and six months ended June 30, 2024. ERES’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis (“MD&A”) for the three and six months ended June 30,… [Read More]
Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units
All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, Aug. 06, 2024 (GLOBE NEWSWIRE) — Brookfield Property Partners (“BPY” or the “Partnership”) announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit,… [Read More]
Travelers Canada Introduces OPTIMA® Home
New property insurance product available for homeowners, tenants, condominium and landlord policies in Ontario and Western Canada
TORONTO–(BUSINESS WIRE)–Travelers Canada, a division of The Travelers Companies, Inc. (NYSE: TRV), today announced the launch of OPTIMA® Home, a new property insurance product that provides customizable coverage options for homeowners, tenants, condominium and landlord policies. The product is offered through a highly intuitive platform, which allows brokers to seamlessly quote, issue and adjust coverage.
“We created OPTIMA Home with the needs of our customers and brokers in mind,” said Bob Aaron, Vice President of Personal Insurance at Travelers Canada. “The new product gives customers greater coverage flexibility and easy-to-understand policies to provide a better all-around experience, while offering an underlying platform to simplify the process for our broker partners.”
OPTIMA Home’s features include:
- Scalability – The ability to scale standard coverage limits up or down to meet individual needs.
- Specialty and Supplemental Coverages – Access to additional packages or add-on coverage for potential risks such as debris removal, earthquake and floodwater.
- New Discounts – Cost reductions that can be added for customers who pay their premiums on time, get an early quote or use green home and water protective devices.
- Simplified Documents – Straightforward documents and eligibility guidelines to help customers better understand their coverages.
All Travelers policies provide best-in-class customer service and support from the company’s in-house Claim team. OPTIMA Home is currently available in Ontario and Western Canada, and will soon be available in Atlantic Canada.
For more information about OPTIMA Home, please visit TravelersCanada.ca.
About Travelers Canada
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $41 billion in 2023. Travelers Insurance Company of Canada, The Dominion of Canada General Insurance Company, and St. Paul Fire and Marine Insurance Company (Canada branch) are the Canadian licensed insurers known as Travelers Canada. For more information, visit TravelersCanada.ca.
Contacts
Media:
Sara Ametrano, 416-457-7973
sametran@travelers.com
Stephen Bernard, 860-954-5086
sbernar5@travelers.com
Trilliant Forms Partnership with Kamstrup to Become an Elite Distributor of Heat/Cool Metering Solutions in Canada
Partnership enables Trilliant to support partner and customer metering requirements quickly and cost effectively
TORONTO–(BUSINESS WIRE)–#AMI—Trilliant, a leading international provider of advanced metering infrastructure (AMI), smart grid, smart cities and IIoT solutions, announced it has reached an agreement with Kamstrup, a world-leading manufacturer of system solutions for smart energy and water metering, to become an Elite Distributor of the company’s heat/cool metering line for Canada.
This new distributor role positions Trilliant to support partner and customer metering requirements across the country even more efficiently and cost-effectively, with priority access to shipments and more. Kamstrup’s MULTICAL® heat/cool meters — approved by Measurement Canada — are interoperable with Trilliant’s AMI and Smart Buildings solutions, and the companies’ combined leading technologies and expertise will enable Trilliant to provide a future-proof, robust multi-commodity sub-metering platform.
“Kamstrup is pleased to form this partnership with Trilliant to extend our reach in Canada,” said Arpit Sharma, Head of Sales Operations, Heat/Cooling at Kamstrup. “Trilliant demonstrates a true dedication to providing powerful, flexible technology solutions to improve processes and increased savings for utilities and energy organizations. We look forward to working more closely with them to enable greater efficiencies for Canadians.”
“This new agreement with Kamstrup is a significant milestone that will enable us to quickly address the heat/cool metering requirements of our customers and partners in Canada,” said Steven Lupo, Managing Director, Canada and U.S. at Trilliant. “Kamstrup and Trilliant share many of the same tenets, with a strong focus on modular communications. We’ve valued our partnership with Kamstrup over the years, and this next step enables us to better serve and support the market, especially as we continue to focus on our innovative Smart Building solutions.”
Heat/cool meters play an essential role in centralized heating, ventilation, and air conditioning systems most commonly deployed in multi-tenant buildings. As a key component of Trilliant’s sub-metering solution, they help enable benefits including:
- Providing a reliable solution to accurately calculate energy consumption by each tenant’s unit, as well as in common areas of multi-tenant buildings such as party rooms and gyms
- Encouraging tenants to use energy more efficiently and intelligently throughout the year
- Helping building managers monitor system performance, in turn identifying any operational issues in the HVAC system — potentially saving significant amounts in repair costs
The Power of Choice
Trilliant’s end-to-end portfolio of solutions offer partners, utility companies and Smart Cities the Power of Choice. Its flexible, multi-tiered platform is device-agnostic and drives optimal endpoints and outcomes, enabling utilities to optimize assets and offer value-added services to customers.
Trilliant’s comprehensive sub-metering solution enables the ability to quickly and seamlessly add applications to a single network — from electricity to water and heat/cool. Trilliant offers a clear path for any building, regardless of age, to enjoy the benefits of technological advancement and participate in sustainability initiatives, improve efficiency, and encourage responsible resource consumption.
Learn more about Trilliant’s Smart Building solutions:
- Visit Trilliant’s Sub-Metering for Smart Buildings solution page
- Read this blog about how Trilliant empowers submetering in Canada
- Review this Golden Horseshoe partner snapshot highlighting GHMS and Trilliant’s implementation of a residential metering system and IIoT platform to improve energy management
- Learn how Trilliant worked with Provident on a successful implementation of a wireless basement water metering solution for a number of townhomes in the Greater Toronto Area
The partnership between Trilliant and Kamstrup is effective immediately.
About Kamstrup
Kamstrup is a leading supplier of intelligent metering solutions and services. With a strong focus on innovation, quality, and sustainability, Kamstrup’s products and solutions enable utilities and end-users to optimize resource usage, reduce costs, and improve overall efficiency. For more than 75 years Kamstrup has been dedicated to delivering actionable insights to water and energy professionals, because we believe better data enables better decisions. Our solutions including meters, remote reading systems, software and services are sold in more than 90 countries. With global headquarters in Denmark, Kamstrup serves customers worldwide and is committed to shaping a more sustainable future. https://www.kamstrup.com/
About Trilliant
Trilliant® empowers the global energy industry with the only device-agnostic communications platform that enables utilities and cities to deploy any application securely and reliably on one powerful network. Our purpose-built portfolio is designed to offer the power of choice, without risk of customers being “locked in” with one technology provider or meter manufacturer. We are proud to offer mission-critical solutions that support AMI, Data & Analytics, Smart Metering, Smart Grids and Smart Cities. Customers worldwide benefit from Trilliant’s unique combination of flexibility, sustainability and scalability that connects utilities and cities to the IIoT and a more strategic path to the Energy Transition. Visit us at www.trilliant.com.
Contacts
Media:
Tracey Mitchell
tracey.mitchell@trilliant.com
Cindy Watson/Anita Wong
StrategicAmpersand Inc.
TrilliantPR@stratamp.com
SmartStop Self Storage REIT, Inc. Celebrates 200th Property Milestone
LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self-storage company, is thrilled to announce the acquisition of its 200th owned or managed property, a significant milestone capping a period of remarkable growth since 2015.
Through strategic expansion, SmartStop has solidified its position as the 10th largest self-storage company in the United States and the largest owner and operator in the Greater Toronto Area of Canada. This remarkable achievement is a testament to the company’s unwavering commitment to providing exceptional self-storage solutions and delivering superior customer service.
Recognized for its excellence, SmartStop has garnered numerous accolades, including distinctions from Newsweek/Statista and Reputation 800 for outstanding customer service. The SEIA (Solar Energy Industries Association) and American Business Awards have recognized the company’s dedication to sustainability for its solar power initiatives. Additionally, The Orange County Register has repeatedly honored SmartStop’s corporate headquarters as a Top Workplace.
“As we celebrate this monumental milestone, we also look to the future with excitement. SmartStop’s continued success, reflected in the acquisition of our 200th owned or managed property, is a testament to the dedication of our team, the contributions of our partners, and the support of our customers and communities,” shared H. Michael Schwartz, Chairman and CEO. “We are humbled by this success and are eager to bring our passion for innovative storage solutions to even more locations in the U.S. and Canada.”
With a growing portfolio spanning 22 states and four Canadian provinces, SmartStop remains steadfast in its mission to provide accessible, secure, and customer-centric self-storage solutions.
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 500 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 July 31, 2024, SmartStop has an owned or managed portfolio of 200 operating properties in 22 states and Canada, comprising approximately 141,000 units and 16.0 million rentable square feet. SmartStop and its affiliates own or manage 35 operating self-storage properties in Canada, which total approximately 30,700 units and 3.2 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.
Contacts
David Corak
VP of Corporate Finance
SmartStop Self Storage REIT, Inc.
IR@smartstop.com
CAPREIT Accelerates Capital Recycling With $477 Million in New Strategic Transactions
TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that, since the first quarter of 2024, it has completed six acquisitions of new build rental apartment properties in Canada for an aggregate $387.4 million. CAPREIT also announced that it has closed on, or has entered into… [Read More]
Colliers Reports Solid Second Quarter Results
Growth across all service lines and segments Second quarter and year to date operating highlights: Three months ended Six months ended June 30 June 30 (in millions of US$, except EPS) 2024 2023 2024 2023 … [Read More]
Real Opens Investor Q&A Portal Ahead of Second Quarter 2024 Financial Results
TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (NASDAQ: REAX) (“Real” or the “Company”), a technology platform reshaping real estate for agents, home buyers and sellers, today announced the opening of its shareholder Q&A platform to be used for its upcoming conference call to discuss the financial results for the second quarter ended June 30, 2024. Real will hold the call at 8:30 a.m. ET on Wednesday, August 7, 2024.
Beginning today, any shareholder is invited to submit and upvote questions to management. To submit questions ahead of the conference call, please visit the Say portal at the link here. Shareholders using brokers that are integrated with Say can also participate directly through their investing app or broker’s website.
The Q&A platform will remain open through Tuesday, August 6, 2024 at 8:00 a.m. ET.
An audio-only webcast of the call may be accessed from the Investor Relations section of the company’s website at https://investors.onereal.com/ or by registering at the link here. A replay of the webcast will be available for one year.
About Real
Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. 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 throughout the U.S. and Canada, Real supports over 20,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses. Additional information can be found on its website at www.onereal.com.
Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, information relating to Real’s second quarter 2024 earnings call, the release of the financial results and the business and strategic plans of Real.
Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. Important factors that could cause such differences include, but are not limited to, slowdowns in real estate markets, economic and industry downturns, Real’s ability to attract new agents and retain current agents and those risk factors discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 14, 2024, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Contacts
Investor inquiries, please contact:
Ravi Jani
Vice President, Investor Relations and Financial Planning & Analysis
investors@therealbrokerage.com
908.280.2515
For media inquiries, please contact:
Elisabeth Warrick
Senior Director, Marketing, Communications & Brand
elisabeth@therealbrokerage.com
201.564.4221
Timbercreek Financial Announces 2024 Second Quarter Results
TORONTO, July 31, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three and six months ended June 30, 2024 (“Q2 2024”). Q2 2024 Highlights1 The net mortgage investment portfolio increased by $25.8 million to $1,003.4 million at the end of Q2 2024 from $977.5 million at the… [Read More]
Studio Designer Acquires Mydoma to Provide a Single Business Management Software Solution for Designers at All Stages of Growth
LOS ANGELES & OTTAWA, Ontario–(BUSINESS WIRE)–Studio Designer the leading business management software platform for interior designers, today announced it has acquired Ottawa, Canada-based Mydoma, a leading project management and design business platform for interior designers. Together, Studio Designer and Mydoma support nearly 20,000 interior designers across the United States and Canada, creating the design industry’s #1 business management software platform for residential designers.
Studio Designer features integrated project management, time-billing, and payment solutions with a full GL accounting system. More designers, bookkeepers, and accountants leverage Studio Designer than any other solution to perform an expansive set of functions from creating the first client presentation to accounting for the final invoice. This is why Studio Designer is relied upon by more than 15,000 designers, including many of the industry’s largest and most well-regarded firms including Ken Fulk, Pembrooke & Ives, and Nate Berkus.
Mydoma’s focus on delivering exceptional solutions for lead generation, project management, and time tracking has led the company to great success, particularly with smaller firms or those that have recently formed. Studio Designer and Mydoma together will be able to support design firms at every stage of their journey, from Day 1 to AD100.
“For over 30 years, Studio Designer’s mission has been to empower designers’ creativity with innovative digital solutions. Sarah and the entire Mydoma team share this mission. We look forward to working together to develop new tools that will enable designers to create beautiful work, while running successful, profitable businesses, at every stage of their design careers. We are incredibly excited to bring Mydoma into the Studio Designer family,” Keith Granet, Founder and CEO of Studio Designer.
The two companies will form the largest product, technology and service team dedicated exclusively to creating business management software solutions for interior designers. This will translate to greater capabilities to deliver new, innovative features to designers, and provide even greater levels of customer support and design business education opportunities. By incorporating Mydoma into Studio Designer’s expansive product and service offerings, design firms of all sizes and stages of growth will find a solution that enables them to operate at their best.
“As a former interior designer, I was inspired to create Mydoma to solve the challenges that I experienced firsthand running my own firm. Over the last ten years, we are proud to have built an industry-leading product used by thousands of designers across the US and Canada. We are thrilled to join Studio Designer, who shares our values and mission to enable designers to spend less time managing, more time designing. Our future is bright as part of the Studio Designer community,” Sarah Daniele, Founder and CEO of Mydoma.
About Studio Designer
With over 15,000 users and three decades of experience, Studio Designer is the interior design industry’s leading business management platform. Our end-to-end solution seamlessly integrates project management, design tools, client collaboration, product sourcing, and designer-specific accounting software. Studio Designer empowers interior design firms of all sizes to grow their businesses, deliver exceptional client experiences, and create beautiful, impactful work.
About Mydoma
Mydoma is the premier platform for interior designers that helps them spend less time managing and more time designing. From project management to automating accounting and everything in between, Mydoma gives interior designers the tools they need to run a successful business. In addition to its beloved platform, Mydoma provides education, events, and a safe space for its community of designers across all stages of their professional journey.
Contacts
Rachel Wagman
rachel@studiodesigner.com
914-772-2206
Melcor REIT announces second quarter 2024 results
EDMONTON, Alberta, July 30, 2024 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX: MR.UN) today announced results for the second quarter ended June 30, 2024. The second quarter Management Discussion & Analysis and Condensed Interim Financial Statements are available on our website (www.MelcorREIT.ca) under Financial Reports, or on SEDAR+ (www.sedarplus.ca)… [Read More]
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