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Colliers Reports Solid Second Quarter Results

August 1, 2024 By Globenewswire Tagged With: TSX:CIGI

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

August 1, 2024 By Business Wire

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

July 31, 2024 By Globenewswire Tagged With: TSX:TF

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

July 31, 2024 By Business Wire

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

July 30, 2024 By Globenewswire Tagged With: TSX:MR.UN

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]

Allied Announces Second-Quarter Results

July 30, 2024 By Globenewswire Tagged With: TSX:AP.UN

TORONTO, July 30, 2024 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) today announced results for the three months ended June 30, 2024. “Our occupied and leased area remained steady in the second quarter, and our urban office portfolio continued to outperform the market,” said Cecilia Williams, President & CEO. “With utilization… [Read More]

Century Fire Protection Acquires Citadel Fire Sprinkler and Sentry Fire Protection

July 30, 2024 By Globenewswire Tagged With: TSX:FSV

Tuck-Under Acquisitions Add Scale and Broaden Footprint in Existing Markets TORONTO, July 30, 2024 (GLOBE NEWSWIRE) — FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that its subsidiary, Century Fire Protection (“Century”), has recently acquired Citadel Fire Sprinkler, Inc. (“Citadel”) and Sentry Fire Protection Co., Inc. (“Sentry”). The existing management teams of both businesses… [Read More]

Colliers Completes Acquisition of Englobe

July 30, 2024 By Globenewswire Tagged With: TSX:CIGI

TORONTO and LAVAL, Quebec, July 30, 2024 (GLOBE NEWSWIRE) — Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today it has completed its previously announced acquisition of a controlling interest of Englobe Corporation (“Englobe”), a leading Canadian multi-discipline engineering, environmental and inspection services firm. The acquisition represents Colliers’ entry into… [Read More]

Dream Unlimited Corp. Q2 2024 Financial Results Release Date, Webcast and Conference Call

July 30, 2024 By Business Wire

TORONTO–(BUSINESS WIRE)–Dream Unlimited Corp. (TSX: DRM) (“Dream”) will be releasing its financial results for the quarter ended June 30, 2024, on Tuesday, August 13, 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:

Wednesday, August 14, 2024 at 11:00 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’s website at www.dream.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’s website.

About Dream

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $25 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land, residential and income generating assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at www.dream.ca.

Contacts

For further information, please contact:

Meaghan Peloso
Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Top-Producing Kaim Team Joins Real

July 29, 2024 By Business Wire

25-agent team brings lifetime sales of $1.2 billion, significantly bolstering Real’s presence in Ohio

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing, publicly traded real estate brokerage, today announced that The Kaim Team, led by the brother-sister team of Michael Kaim and Tina Hivnor, has joined the company. Part of the fabric of the Cleveland real estate community for two generations, The Kaim Team brings 25 agents, becoming the largest team to represent Real in Ohio.


Following in their parents’ footsteps, Kaim and Hivnor began their real estate careers more than 27 and 37 years ago, respectively. They launched The Kaim Team in 2002. The team serves nine counties in Northeast Ohio, including Cleveland, Akron and Canton, and ranks among the Top 10 teams in the state, according to the Ohio Division of Real Estate.

“We’re thrilled to welcome Michael, Tina and their team to Real,” Real President Sharran Srivatsaa said. “They bring a shared commitment to service excellence and innovation, and we look forward to learning from them and seeing how they leverage Real’s industry-leading platform to further their success.”

Since its founding, The Kaim Team has sold more than 7,000 homes valued at $1.2 billion and has distinguished itself by being Realtors that home buyers and sellers and other agents want to work with.

“Real provides the best of both worlds. We will be able to continue to serve our clients the same way we have for over two decades, while giving our agents access to cutting-edge technology, world-class training and the financial upside that comes with access to health benefits resources and ownership in a fast-growing company,” Michael Kaim said.

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 throughout the U.S. and Canada, Real supports more than 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 Real’s ability to continue to attract agents.

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

Planitar Inc. and FBS Partner to Streamline MLS Listings, Automatically Loading Property Data from iGUIDE 3D Virtual Tours and Floor Plans

July 26, 2024 By Business Wire

Integration will enable agents to automatically populate listings on Flexmls Platform with rich media and detailed property information from iGUIDE, enhancing the accuracy and quality of MLS data.

WATERLOO, Ontario, & FARGO, N.D.–(BUSINESS WIRE)–Planitar Inc., makers of iGUIDE, a proprietary camera and software platform for capturing and delivering 3D virtual tours and property data, and FBS, the leading innovator of Multiple Listing Service (MLS) technology and creator of the Flexmls Platform, today announced a strategic partnership and platform integration. The Flexmls Platform empowers real estate professionals from 150+ MLSs with comprehensive access to property listings, market data, and business management tools, providing flexibility and autonomy in managing their operations. This integration will connect iGUIDE’s technology to the Flexmls Platform enabling Flexmls users to seamlessly upload iGUIDE property data, including room dimensions (length and width) and labels, directly into the Flexmls platform with a single click.




Previously, users manually transferred this data, making for a significantly more time consuming and error prone process. In addition to room dimensions and labels, agents will soon be able to upload rich property data including branded and unbranded iGUIDE virtual tours, precise floor plans, photos, and videos, enhancing their productivity and simplifying the listing entry workflow.

iGUIDE is renowned for its precise schematic floor plans, meeting rigorous standards such as ANSI Z765-2021 and RECA RMS with an uncertainty of 1% or less in property square footage, well within the industry’s 2% maximum allowable error. At the heart of iGUIDE’s accuracy lies the quick-capture PLANIX Camera System, which employs a time-of-flight 2D lidar system to capture thousands of measurements with each scan.

Accurate property dimensions, floor plans, and 3D virtual tours benefit not only the listing agent and seller but also potential buyers, enabling them to understand property layout and make informed decisions remotely. This streamlines the buying process and enhances overall market transparency.

“FBS is the first MLS software vendor to implement the RESO Common Format (RCF) standard for auto-populating property data into the listing form. Planitar has collaborated with RESO for several years and contributed to the development of this standard, which automates the entry of various data types already available in machine-readable format. iGUIDE data is RESO-certified as RCF standard compliant and ready for integration with any MLS software that supports it,” explains Alexander Likholyot, CEO and co-founder of Planitar Inc. “This listing form autofill not only saves agents time and effort, but also greatly improves the quality of MLS data by eliminating manual transcription errors for property measurements. In addition to text and measurement data, the RCF standard supports auto-populating listing media, eliminating the need for agents to manually download and upload their images or video. This process occurs seamlessly behind the scenes, enabling agents to simply review their listing.”

FBS has a long and proven track record of purposeful technology innovation and partnerships, including this partnership with iGUIDE, that simplify the user experience, ensuring the MLS remains the premier source of data and enriches the consumer experience.

Michael Wurzer, FBS President and CEO: “We’re continually looking to enhance the MLS customer experience for the 330,000+ real estate professionals across the US that we represent at FBS, and this partnership does that. iGUIDE’s expertise in floor plan analysis, measurement, and immersive 3D virtual tours enriches Flexmls, setting new standards for the listing process and property data sharing. This integration offers the licensing framework necessary for incorporating rich content into our customers’ MLS compilations, empowering them to uphold their status as the leading source of real estate data and media in their respective markets. Finally, it supports our mission to aggregate high-quality data and media, benefiting real estate practitioners and consumers.”

Featuring customizable branding, integration of neighborhood information, and built-in lead generation connecting potential buyers directly with listing agents, iGUIDE continues to provide agents with a comprehensive marketing tool.

For more information about iGUIDE, visit: goiguide.com.

About Planitar:

Founded in 2013 in Kitchener, Ontario, Canada, Planitar Inc. is the maker of iGUIDE, a proprietary camera and software platform for capturing and delivering immersive 3D virtual tours and extensive property data. iGUIDE is the most efficient system to map interior spaces and features accurate floor plans, measurements and reliable property square footage. By integrating floor plans and visual data, iGUIDE provides an intuitive and practical way to navigate and explore built environments digitally. For more, visit goiguide.com.

About FBS:

Nationally recognized and based in Fargo, North Dakota, FBS is the leading innovator and provider of MLS technology, currently serving 330,000+ real estate professionals on its premier Flexmls® Platform. Flexmls is one of many apps and software products built on the standards-driven Spark® API technology platform, the industry’s first and most utilized API. 100% employee-owned and with 45 years leading of industry leadership, FBS repeatedly achieves unmatched industry rankings for customer and user satisfaction, platform performance, and net promoter score (NPS). Learn more about FBS and the premier Flexmls Platform at www.WeAreFBS.com.

Contacts

Planitar Inc. Media Contact
Skylar Lawrence-LeBel

647-455-0585

skylar@planitar.com

StorageVault Congratulates Andre De Grasse on Being Named a Flag Bearer for Canada’s 2024 Olympic Team

July 25, 2024 By Globenewswire Tagged With: TSX:SVI

TORONTO, July 25, 2024 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX) is pleased to congratulate Andre De Grasse on being named one of Canada’s flag bearers for Paris 2024. Iqbal Khan, CFO of StorageVault commented: “While working with Andre, we came to know him as both an Olympic Champion and a… [Read More]

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