Survey Also Highlights Agents’ Critical Role as Trusted Advisor in Real Estate Transactions

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (NASDAQ: REAX, “Real”), the fastest-growing, publicly traded real estate brokerage, today released results from its June 2024 Agent Survey. The survey indicates agents remain optimistic about the outlook for their markets over the next 12 months, despite a moderate year-over-year decline in June transaction volumes.

“June’s survey showed that our agents are optimistic about the future, despite the prevailing interest rate environment. We are hopeful that potential lower rates in the near future could help ease the affordability challenges many buyers face,” said Tamir Poleg, Chairman and CEO of Real. “At Real, we are equipping our agents with cutting-edge technology and innovative tools to ensure they can offer personalized, strategic insights that truly make a difference in the home buying and selling journey.”

“More than just market experts, our agents are trusted advisors who understand the pulse of local communities and the intricacies of the market,” remarked Sharran Srivatsaa, President of Real. “This month’s survey reaffirms the diverse expertise agents bring to their clients to successfully navigate today’s competitive real estate landscape.”

Key Findings:

• Agent Optimism Index Largely Steady, Supported By U.S.: At the end of June 2024, agents were asked, “Compared to one month ago, are you more optimistic or pessimistic about the outlook for your primary market over the next 12 months?” Among the respondents, 36% felt more optimistic and an additional 10% felt significantly more optimistic, outweighing the 15% who felt more pessimistic and 3% who felt significantly more so.

  The average response resulted in a weighted index reading of 59.1 on a 0-100 scale, with scores above 50 reflecting a net positive outlook. This compares to 59.0 in May, indicating a largely stable month-over-month outlook, driven by an improvement in the U.S. (up 1.8 points to 59.8), which offset a drop in Canada (down 16.1 points to 52.8).
  

• Market Dynamics Continue to Favor Sellers: When asked “Would you consider your primary market to be a buyer’s market, seller’s market or balanced market?”, approximately half (51%) of agents noted sellers have the upper hand. This represents a two-point increase from the previous month. Meanwhile, 30% of agents viewed their markets as balanced, with neither buyers nor sellers having a clear advantage, a slight decrease from 33% in May. Conversely, approximately 20% of agents believed buyers hold the upper hand in their markets, up from 18% in May.

• Total North American Home Sale Industry Transactions Expected to Decline Year-over-Year in June: Agents were asked, “In your primary market, how would you describe the number of transactions closed in June 2024 compared to June 2023?” The average response resulted in a weighted index reading of 47.4 on a 0-100 scale, suggesting an aggregate decline in industry transactions across North America in June 2024, compared to June 2023. June’s index reading of 47.4 compares to May’s 45.7 level, which was the lowest monthly index reading thus far in 2024.

• U.S. Agents Report a Pullback in Transactions During June, but Improvement From May: June’s U.S. index reading of 46.8 indicates fewer transactions relative to the previous year, but represents a sequential improvement from 44.8 in May.

• Canadian Agents Report Second Consecutive Month of Growth: Agents in Canada signaled modest year-over-year growth in their respective regions, with the overall Canadian weighted index reading of 52.8 in June, although this was down from 54.4 in May.

• Affordability Remains Biggest Concern: The majority of agents surveyed (60%) cited affordability/mortgage rates as the biggest challenge for prospective home buyers, up one percentage point from May and the highest reading since the survey’s launch in January. Lack of inventory was the second most cited concern, rising one point from the previous month to 26%. Economic uncertainty followed, decreasing one point to 7%, while buyer competition was the least cited challenge, decreasing two points to 4%.

• Survey Highlights Comprehensive Support and Value Agents Provide Buy-Side Clients: The survey highlights the diverse roles agents play in guiding clients throughout the home-buying journey. Agents noted their top areas of expertise lie in negotiations (76% of respondents), deep local market knowledge (75%), providing emotional support to clients (60%), assistance with paperwork and legalities (60%), and access to off-market properties (29%). As one agent noted, “while buyers are more than capable of finding a home they like, they often lack the ability to effectively navigate beyond that point in a way that both ensures a smooth transaction and mitigates their risk”.

• Clients Typically Tour 6-10 Homes Before Purchase, Reflecting Agents’ Commitment: The majority of agents (56%) reported that their buy-side clients on average view between 6-10 homes before making a purchase, with most buyers (73%) able to find and close on a home within 0-6 months. This demonstrates the dedication and commitment of agents, who often work for extended periods without pay to ensure their clients find the right property. Additionally, 8% of agents noted that their clients view more than 10 homes during their search, while 5% of agents noted clients taking on average more than a year to find and close on a home.

An infographic including key survey takeaways can be found on Real’s investor relations website or by following the link here.

About the Survey

The Real Brokerage June 2024 Agent Survey included responses from approximately 200 real estate agents across the United States and Canada and was launched in the last week of June 2024. Responses to questions regarding transaction growth and agent optimism were calibrated on a 0-100 point index scale, with readings above 50 indicating an improving trend, whereas readings below 50 indicate a declining trend. Responses are meant to capture industry-level information and are not meant to serve as an indication of Real’s company-specific growth trends. Additionally, given the smaller sample size, there can be greater variability in Canada index results on a month-to-month basis.

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.

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 of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding the residential real estate market in the U.S. and Canada.

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 and economic and industry downturns. 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

press@therealbrokerage.com
201.564.4221

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that it will be releasing its second quarter 2024 financial results before market hours on Friday, August 9, 2024. Senior management will host a live conference call at 9:00 a.m. ET on Friday, August 9, 2024 to discuss the results and ongoing business initiatives of the REIT.

Conference Call Details

The conference call can be accessed by dialing (289) 514-5100 or 1 (800) 717-1738. Additionally, the conference call will be available via simultaneous audio found at https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=9CEEC35C-3A76-4F0A-8C7F-8AC18EC8AF55&LangLocaleID=1033. A replay will be accessible until August 23, 2024 via the REIT’s website or by dialing (289) 819-1325 or 1 (888) 660-6264 (access code 59866#) approximately two hours after the live event.

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. 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-FR

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

NORTH ANDOVER, Mass.–(BUSINESS WIRE)–Watts Water Technologies, Inc. (NYSE: WTS) will hold a live webcast of its conference call to discuss Second Quarter 2024 results on Thursday, August 8, 2024, at 9:00 a.m. Eastern Daylight Time. Watts Water Technologies, Inc. will announce its financial results for this period in a press release to be issued after market close on Wednesday, August 7, 2024.

This call can be accessed by visiting the Investor Relations section of the Company’s website at www.watts.com. Following the webcast, an archived version of the call will be available at the same address until August 7, 2025.

Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions to control the efficiency, safety, and quality of water within commercial, residential, and industrial applications. For more information visit www.watts.com.

Contacts

Watts Water Technologies, Inc.

Diane McClintock

Senior Vice President FP&A and Investor Relations

Telephone: 978-689-6153

Email: investorrelations@wattswater.com

LONDON–(BUSINESS WIRE)–#Amenities–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce that its newly established Living Platform has partnered with HUB Residential on a first project near Old Street, London.

With the London residential market experiencing acute housing shortages and affordability issues, the emerging of the Living Sector offers residents a valid alternative to traditional living options. The properties offer greater flexibility, a more efficient use of space, and enhanced amenities throughout the buildings. These amenities include co-working spaces, gyms, and cinema rooms aimed at creating a strong sense of community.

Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, commented: “The London residential market continues to benefit from strong fundamentals and we believe the Living Sector will play a key role in centrally located neighbourhoods, such as Old Street. We believe there is an opportunity to grow this platform across a number of locations in London.”

Stelios Theodosiou, Managing Director at H.I.G. Realty, commented: “The transaction demonstrates our ability to identify secular trends and secure prime locations in the Living Sector. Sitting in the heart of London’s Technology & Innovation Belt, this seed asset provides an opportunity to establish an early presence, in partnership with high-quality partners such as HUB Residential, in a growing real estate sector.”

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $64 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

• H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
• H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
• H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
• H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.

Contacts

Riccardo Dallolio

Managing Director

rdallolio@hig.com

Stelios Theodosiou

Managing Director

stheodosiou@hig.com

H.I.G. Capital

10 Grosvenor Street

2^nd Floor

London W1K 4QB

United Kingdom

P +44 (0) 207 318 5700

hig.com

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office”) will be releasing its financial results for the quarter ended June 30, 2024, on Friday, August 9, 2024.

Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.

Conference Call:
Date:		Monday, August 12, 2024 at 9:00 a.m. (ET)
Audio:		1-844-763-8274 (toll free)
		647-484-8814 (toll)
Webcast:		A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream Office’s website at www.dreamofficereit.ca and click on the link for the webcast.
Digital Replay:		A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream Office’s website.

About Dream Office

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

For further information, please contact:

Michael J. Cooper
Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang
Chief Financial Officer

(416) 365-6638

jjiang@dream.ca