• Sign up for the Daily Digest Email!
  • Twitter
  • Facebook
  • Google Plus One
  • RSS

REIT REPORT

REIT news, Real Estate Investment Trusts, Canadian REIT News, REIT Stocks Canada

  • Home
  • Headlines
  • Daily Digest Email
  • Canadian REITs

TransLogic™ to Showcase Hospital Design Strategies at Canadian Healthcare Engineering Society (CHES) Conference

June 5, 2024 By Business Wire

Leader in transport automation will share preconstruction design methodologies that save time and money

WHISTLER, British Columbia–(BUSINESS WIRE)–TransLogic™, a Swisslog Healthcare company and a leading supplier in transport automation, will be showcasing its expertise in healthcare design at the 2024 Canadian Healthcare Engineering Society (CHES) BC Annual Trade Show and Education Forum in Whistler. The event is expected to gather hundreds of engineering experts in the healthcare industry to discuss best practices in designing and constructing hospitals and other care facilities.




TransLogic will participate in the event’s Exhibition Hall June 2-4, 2024, at booth #99 at Whistler Conference Centre, 4010 Whistler Way, Whistler, BC, and invites engineering professionals specializing in healthcare planning, design, and construction to explore the advantages of its Design Assist service. This preconstruction consultative offering brings transport experts into the early stages of building design, fostering collaboration that enhances overall project efficiency, ensures long-term serviceability, and proactively addresses potential future challenges.

“The engineering of healthcare facilities can be extremely complicated and nuanced, especially when considering specific needs like a building’s pneumatic tube system,” said Jesse Kora, Building Information Modeling (BIM) Manager at TransLogic.

Pneumatic tubes are used in hospitals and other healthcare facilities to transport materials quickly, such as blood samples, medications, and more. TransLogic works with decision-makers in the hospital and healthcare maintenance and construction industry to consult with the project team to ensure consideration of the tube system vision. This includes running simulations, creating 3D models, and coordinating directly with engineers to ensure the tube system design can meet space planning, performance, and serviceability needs.

“These tube systems transport important medications and samples throughout a hospital, and they are an engineering feat. We are looking forward to sharing our expertise about how best to plan for and incorporate transport automation systems in the preconstruction design process,” continued Michael Fedoruk, Regional Sales Director, Canada at TransLogic.

More information about the design and construction of pneumatic tube systems in healthcare settings can be found at https://www.translogic.com/.

About TransLogic™

TransLogic™, a Swisslog Healthcare Company, builds on its 100 years of operational technology expertise to reliably automate the delivery of critical items and leverage innovations which transcend industry standards in transport automation. TransLogic™ products are manufactured in the USA, resulting in nominal supply chain issues, fewer shipping delays, and quality controls which meet North America’s standards. Learn more about TransLogic™ solutions at translogic.com.

About Swisslog Healthcare:

Swisslog Healthcare provides integrated medication supply chain solutions to hospitals and health systems to assist providers in treating patients across the continuum of care. Integrating transport and pharmacy automation, value-added services, and intelligent software, Swisslog Healthcare enables healthcare providers to respond to patients’ needs quickly and with greater accuracy. The company minimizes many sources of operational waste, so providers achieve higher levels of productivity to impact the well-being of patients in positive ways. For more information, visit www.swisslog-healthcare.com.

Contacts

Erica Fetherston

10 to 1 Public Relations

erica@10to1pr.com
(480) 676-9141

Sofia Ashley

10 to 1 Public Relations

sofia@10to1pr.com
(480) 468-3349

Colliers releases 2023 Global Sustainability Report

June 4, 2024 By Globenewswire Tagged With: TSX:CIGI

Report highlights progress on environment, inclusiveness and health & wellbeing commitments TORONTO, June 04, 2024 (GLOBE NEWSWIRE) — Diversified professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) released its fourth annual Global Sustainability Report, summarizing progress on its commitment to create a more sustainable future. Notable 2023 achievements include: 24.8% reduction in… [Read More]

The Daniels Corporation Unveils 2023 Impact Report, Highlighting Social Impact Initiatives and Progress on the Decarbonization Roadmap

June 4, 2024 By Business Wire

The new report, “Building Inclusive & Sustainable Communities,” showcases Daniels’ commitment to enhancing accessibility in new home construction, both within the communities they build and across the real estate industry.




Highlights from the 2023 report:

  • Completed 38 new accessible homes through Daniels’ Accessibility Designed Program (ADP) for a total of 198 ADP suites since launch of the program in 2017 and invested $217,000 in support of initiatives that accelerate accessibility.
  • Spent $550,000 in social procurement, by engaging 43 local suppliers and artists of which 90 per cent are diverse suppliers.
  • Trained and secured employment placements for 27 youth in two neighbourhoods through the CRAFT and Moving Towards Opportunity (MTO) Programs which generated $211,000 in local economic development.
  • Launched MPV2, Brampton’s largest low-carbon master-planned community, under the Daniels Decarbonization Roadmap, released in the same year.
  • Published four carbon labels in three new communities launched in 2023.

TORONTO–(BUSINESS WIRE)–The Daniels Corporation (“Daniels”), one of Canada’s pre-eminent builders and developers, recognized for its commitment to city-building and social impact, proudly presents its 2023 impact report. This report is a testament to the company’s unwavering dedication to fostering inclusive and sustainable communities.

The comprehensive report, entitled ‘Building Inclusive & Sustainable Communities,’ enumerates Daniels’ distinctive approach to real estate development and construction. Over its 40-year commitment to shaping a better tomorrow, Daniels has focused on social impact initiatives and strides toward decarbonization.

Daniels uses its business as a positive force, enriching communities by valuing people, partnerships and the planet.

With focus on progress made in 2023 around Daniels’ groundbreaking social impact and sustainability initiatives, this year’s report shines a spotlight on Daniels’ trailblazing journey into creating more accessible buildings and communities, propelled by the launch of its Accessibility Designed Program (ADP) in 2017.

“At the heart of this report lies a compelling narrative of using our business as a positive force, exemplified by Daniels’ pioneering efforts to enhance accessibility in new home construction. With a keen focus on innovation, equity and transparency, we demonstrate through this report that Daniels is not only reshaping its own practices but also setting a new standard for the industry,” said Heela Omarkhail, Vice President of Social Impact, The Daniels Corporation.

Building Inclusive Communities

In 2023, Daniels developed new initiatives and partnerships while building on existing ones to deliver on its social impact framework of creating affordable and accessible housing, investing in local economic development and building social infrastructure.

Daniels further strengthened its commitment to social procurement as a tool to create local economic opportunities by supporting the capacity-building of emerging businesses, social enterprises and diverse suppliers, and creating space for them to build their expertise and grow. A powerful example has been the company’s work with InfiniGuard Security and Protections Inc., a Regent Park-based social enterprise security company founded by local resident Murwan Khogali, since 2021. Starting with short term, occasional contracts for event security to ongoing contracts to commercial patrols, in 2023 InfiniGuard successfully secured the concierge services contract at Daniels’ Artworks Tower and Artsy Boutique Condominiums. In 2023 alone, $292,000 in local economic development was generated by InfiniGuard with a total of $700,000 in economic impact since 2021.

Furthermore, Daniels has made significant investments to support artists, entrepreneurs and not-for-profit organizations through its Social Impact Commercial portfolio, to create opportunities for individuals and groups to access commercial space at subsidized lease rates. For instance, Wanasah, a not-for-profit mental health agency addressing urgent mental health needs of Black youth and their families, moved into one such commercial office space in Regent Park.

Building Sustainable Communities

In February 2023, with the launch of the Daniels Decarbonization Roadmap, Daniels outlined a performance-based plan to drastically reduce the carbon footprint for the company’s next two development-cycles. The strategy is an industry-first in quantifying and reducing Whole Life Carbon emissions from real estate development. With a data-driven approach to reducing the carbon impact of its communities, the goal is to reach Near-Zero Whole Life Carbon — a transformational level of emissions reduction — for all new communities starting development in 2026.

As part of this strategy and Daniels’ commitment to educating homeowners and tenants, the company has implemented the voluntary disclosure of emissions performance through the creation of a unique carbon label for each of its new communities coming to market. The carbon labels help homeowners and tenants understand the carbon impact of the homes Daniels is building and enhances accountability to the Decarbonization Roadmap commitments. The creation of carbon labels demonstrates Daniels’ environmental stewardship and commitment to meeting emissions reduction targets.

“The launch of our Decarbonization Roadmap is the start of a process to operationalize our values. Our industry needs to transition to net zero as quickly as possible, without increasing the affordability challenges that we are all struggling with. We believe that the path to get there will be grounded in an intentional and data-driven strategy that produces steady progress in all aspects of how we build. As a leader in our industry, we are committed to this journey while sharing our progress in an open and transparent way,” said Adam Molson, Vice President, The Daniels Corporation.

Inclusion by Design

In 2017, Daniels responded to a critical need within the real estate development industry by launching its groundbreaking Accessibility Designed Program (ADP). This initiative emerged from invaluable feedback from homebuyers, revealing a significant gap in accessible housing options. The feedback underscored the scarcity of new homes tailored to meet mobility and other accessibility requirements.

Recognizing its unique position to address this pressing need, Daniels embarked on a transformative journey. Exceeding conventional standards outlined by the Ontario Building Code (OBC) for barrier-free homes, Daniels sought to redefine what it means for a home to be truly accessible. Through extensive consultations with the accessibility community and industry experts, Daniels gained profound insights into the lived experiences of individuals with disabilities, seniors aging in place, and those seeking more inclusive living spaces.

Daniels’ ADP set a new benchmark for accessibility in North America. Going beyond mere compliance, this program elevates the standard for inclusivity in home design and construction.

By prioritizing accessibility features, the ADP standard ensures that multi-residential communities developed and built by Daniels are not only accessible but truly inclusive.

The 2023 Impact Report unveils a comprehensive Spotlight Report titled “Inclusion by Design,” offering an in-depth exploration of Daniels’ ongoing accessibility journey and the remarkable progress achieved over the past six years.

“It’s never been more important for us at Daniels to stay focused and act on our commitments to building thriving communities that foster inclusion and sustainability,” said Jake Cohen, Chief Operating Officer, The Daniels Corporation. “We are in a transformational moment, what we do today and how we do it will impact the future of our communities for generations to come. As we continue to listen and learn alongside the communities we build, we will continue to push barriers and reimagine the way we build vibrant and resilient communities,” added Cohen.

To read Daniels’ 2023 Impact Report, please visit https://danielshomes.ca/social-impact/.

About The Daniels Corporation

The Daniels Corporation is one of Canada’s pre-eminent builders/developers, building nearly 40,000 new homes across the Greater Toronto Area for over 40 years. Daniels is the developer of TIFF Bell Lightbox in Toronto’s Entertainment District and the City of the Arts community on Toronto’s East Bayfront. Among its many initiatives, Daniels partnered with Toronto Community Housing to revitalize 53 of the 69-acre Regent Park community in Toronto. Regent Park is home to the World Urban Pavilion, a collaboration between the Urban Economy Forum, UN-Habitat, Canada Mortgage and Housing Corporation and Daniels. Understanding that quality of life is created by much more than physical buildings, Daniels goes above and beyond to integrate building excellence with opportunities for social, cultural, and economic well-being.

Contacts

For more information or to request an interview, please contact:
Emma McNally

Kaiser & Partners

Emma.McNally@kaiserpartners.com
647.786.5890

Colliers to Acquire Leading Canadian Engineering Firm Englobe

June 3, 2024 By Globenewswire Tagged With: TSX:CIGI

Colliers expands engineering capabilities into Canada TORONTO and LAVAL, June 03, 2024 (GLOBE NEWSWIRE) — Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today it has entered into a definitive agreement to acquire Englobe Corporation (“Englobe”), a leading Canadian multi-discipline engineering, environmental and inspection services firm. Englobe’s senior leadership team… [Read More]

Saint-Gobain and TimberHP Enter Partnership to Offer High-Performance Wood Fiber Insulation in North America

June 3, 2024 By Business Wire

Partnership complements Saint-Gobain’s mission to be the leader in light and sustainable construction; Opens new markets for TimberHP products

MALVERN, Pa.–(BUSINESS WIRE)–Saint-Gobain, through its building products subsidiary CertainTeed Inc., and TimberHP, a manufacturer of insulating wood composites, today announced that they have entered into a collaborative relationship, which will enable CertainTeed to distribute TimberHP’s wood fiber insulation products in North America, including as the exclusive distribution partner in Canada. Executed in close collaboration with NOVA by Saint-Gobain, the company’s venture arm, this partnership will continue to drive Saint-Gobain’s vision to be the worldwide leader in light and sustainable construction and will improve its own sustainable offerings and readiness to respond to customer needs.




TimberHP, located in Maine, is a startup company that grew out of a partnership between two entrepreneurs—Matthew O’Malia, an award-winning architect with a reputation for developing high-performance, cost-competitive designs; and Dr. Joshua Henry, a materials chemist with years of experience elevating solutions to conserve energy and produce renewable energy. They utilize residual wood chips and hydroelectricity to manufacture nature based sustainable insulation solutions from wood fiber, which aligns with Saint-Gobain’s global sustainability goals. When fully launched, the offering will include loose fill, batt, and rigid board insulation products.

“Driven by our Purpose of Making the World a Better Home, this exclusive partnership with TimberHP enhances the sustainable solutions we are bringing to our stakeholders throughout Canada,” said Julie Bonamy, Chief Executive Officer, Saint-Gobain Canada. “This is a welcome addition to Saint-Gobain Canada’s light and sustainable construction portfolio, which will further our vision to provide a full offering of building materials and solutions to our customers.”

“It is a huge vote of confidence in our technology and our team at TimberHP to partner with a brand as innovative and impactful as CertainTeed,” said Joshua Henry, Chief Executive Officer of TimberHP. “It is essential that we mold the future of construction to be exceptionally easy, effective, energy-efficient and sustainable, and we look forward to addressing those industry needs together.”

This exciting partnership comes as Saint-Gobain continues its commitment to growth and sustainability in North America. Last month, the company announced its third major acquisition in Canada in the last two years with its intent to acquire The Bailey Group of Companies, a leading Canadian manufacturer of commercial metal framing and building solutions. In addition, work is currently underway to upgrade equipment at CertainTeed Canada’s gypsum wallboard plant outside of Montreal, which will transition the plant away from fossil fuels to being powered by hydro-electricity, creating North America’s first and the world’s largest zero carbon production drywall plant (Scopes 1 and 2 emissions).

With TimberBatt and TimberFill products already available in the United States, CertainTeed and TimberHP are working closely to bring these solutions to the Canadian market in the near future.

About TimberHP

GO Lab, Inc. (dba TimberHP) is a manufacturing company that produces thermal and acoustic wood fiber insulation products for the residential and commercial construction market. Located at its Madison, Maine facility, TimberHP is the first—and only—company to manufacture insulating wood fiber composites in North America, building on a successful 20-year history of production in Europe. TimberHP insulation is manufactured from sustainably produced wood chip residuals, and is a high-performing, cost-competitive, scalable, renewable and carbon sequestering alternative to existing market solutions. When operating at full capacity, TimberHP Madison will produce almost 20 tons of product an hour, utilize over 250,000 green tons of softwood residuals per year, generate $168 MM of revenue, and employ 144 people.

About CertainTeed

With innovative building solutions made possible through its comprehensive offering of interior and exterior products, CertainTeed is transforming how the industry builds. As leaders in building science and sustainable construction, CertainTeed makes it easier than ever to create high-performance, energy-efficient places to live, work and play, so that together we can make the world a better home.

A subsidiary of Saint-Gobain, one of the world’s largest and oldest building products companies, CertainTeed has more than 6,900 employees and more than 60 manufacturing facilities throughout Canada and the United States. www.certainteed.ca

About NOVA by Saint-Gobain

NOVA, the external venture arm of Saint-Gobain, identifies forward-thinking startups around the world whose philosophies align with Saint-Gobain’s focus on sustainability and digital. It helps those startups nurture their ideas and grow their companies to scale through partnerships and investment. With a presence in Asia, Europe and North America, NOVA by Saint-Gobain connects the global startup community with the power, resources, and experience of Saint-Gobain to address the needs of today and challenges of tomorrow. Learn more by visiting https://www.nova-saint-gobain.com and www.saint-gobain.com.

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.

€47.9 billion in sales in 2023

160,000 employees, locations in 76 countries

Committed to achieving net zero carbon emissions by 2050

Contacts

Peter Clark (+1) 603 513 8513

Canada Construction Industry Report 2024: Output to Decline by 3.1% in Real Terms this Year with AAGR of 2.3% projected for 2025-2028 – ResearchAndMarkets.com

May 31, 2024 By Business Wire

DUBLIN–(BUSINESS WIRE)–The “Canada Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.


The construction industry in Canada is expected to decline by 3.1% in real terms in 2024, amid high construction prices, a shortage of skilled labour, monetary tightening, and a fall in building permits. According to Statistics Canada, the total value of building permits issued in the country declined by 8.8% in 2023, with the number for residential buildings falling by 15.4% during that period.

The negative growth is also attributed to the cessation and delays of construction activity of various projects. For instance, in December 2023, the local energy company World Energy GH2, reported that its CAD16 billion ($12 billion) hydrogen plant – which was originally scheduled to be completed by 2025 – is now facing delays due to construction and financing contingencies. The project is now expected to be completed by 2026.

The analyst expects the Canadian construction industry to rebound at an annual average rate of 2.3% during 2025-28, supported by developments in the energy, transport, industrial, and residential sectors. Growth will also be supported by the government’s plan to achieve 100% zero-emission vehicle sales by 2035, including interim targets of at least 20% by 2026 and at least 60% by 2030.

In January 2024, the Japanese automobile manufacturer, Honda, reported that it is planning to build an electric vehicle (EV) plant in Ontario, costing a total of CAD18.4 billion ($13.8 billion) by 2028. In another boost to the industry’s output, in November 2023, the government launched the CAD2 billion ($1.5 billion) Critical Minerals Infrastructure Fund, aimed at supporting mineral extraction and production in the country and providing funding until 2031. Additionally, in February 2024, the Minister of Energy and Natural Resources announced plans to boost mining activities in the country by slashing the permit time from 12-15 years to 5 years.

The industry’s growth over the forecast period will also be supported by investments in public housing projects, in line with the government’s target to build 5.8 million houses by 2030. Among the recent developments, in February 2024, the government announced funding of CAD2 billion ($1.5 billion) for financing and accelerating the housing construction.

Previously in December 2023, the Royal Bank of Canada announced CAD9.3 billion ($7 billion) for financing affordable housing construction across Canada. Furthermore, in February 2024, the British Colombia government announced CAD3.9 billion ($2.9 billion) of financing support for boosting the construction of houses throughout the state.

Scope

  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Canada, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

  • Identify and evaluate market opportunities using the analyst’s standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using the analyst’s critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

  • 3.1 Economic Performance
  • 3.2 Political Environment and Policy
  • 3.3 Demographics
  • 3.4 Risk Profile

4 Construction Outlook

  • 4.1 All Construction
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
  • 4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments

5 Key Industry Participants

  • 5.1 Contractors
  • 5.2 Consultants

6 Construction Market Data

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/slv1se

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

APOLLO Insurance Raises CAD $18.5 Million to Launch FinShore Buy-now-pay-later Subsidiary

May 30, 2024 By Business Wire

Buy-now-pay-later facility will make it even easier for Canadians to access insurance online.

TORONTO–(BUSINESS WIRE)–APOLLO, a Canadian digital insurance provider and leading innovator in the emerging embedded finance sector, is pleased to announce the creation and launch of FinShore, a wholly owned buy-now-pay-later subsidiary. FinShore provides a fully embedded monthly payment option to over 100,000 Canadians insured with APOLLO.




The financing for the new company was provided by Fair Capital Partners Inc. (“FairCap”) as lead arranger and agent and Innovation Federal Credit Union (“IFCU”) as lender. PricewaterhouseCoopers Corporate Finance Debt & Capital Advisory (“PwC CF”) acted as exclusive financial advisor to APOLLO and FinShore.

FinShore will allow Canadians, and particularly renters, to take advantage of a buy-now-pay-later facility for their insurance premiums. It will also support APOLLO’s cohort of insurance broker partners who use the APOLLO platform to transact insurance business on behalf of their clients.

“Establishing FinShore is an innovative step forward for APOLLO, and will do much to make the lives of Canadian renters easier,” said APOLLO CEO Jeff McCann. “In this economic climate, particularly with the rise of renting across Canada, consumers are looking for flexibility in their payment options. Thanks to our partners at FairCap, IFCU, and PwC CF, we are able to offer that to them.”

APOLLO’s digital platform launched in 2019, and began serving Canadian consumers with fully digital insurance products. Since then, APOLLO has partnered with property management companies, proptechs, insurance brokers, and other organizations to embed insurance products into their existing workflows. For property managers, the insurance purchase experience is embedded directly into the leasing workflow. Some of APOLLO’s partners include QuadReal, InterRent, and Yardi Systems.

“Both FairCap and IFCU are excited about this opportunity, and look forward to building a long-term relationship with APOLLO and FinShore,” said Daniel Nanson, FairCap CEO. “This venture aligns well with our mission to empower the North American lower middle market with fair, intelligent capital solutions.”

About APOLLO Insurance

APOLLO Insurance (“Apollo Insurance Solutions Ltd. and its subsidiaries”) is Canada’s leading online insurance provider. Our proprietary platform allows insurance agents and their customers to purchase their policy immediately, from anywhere, on any device, 24/7. Unlike traditional paper-based processes, APOLLO leverages extensive data and sophisticated algorithms to quote, collect a payment, and issue policies without human intervention.

Through traditional agents and embedded finance partnerships, APOLLO is redefining the distribution of insurance. For more information, visit: https://apollocover.com/

About FairCap

FairCap is a leading alternative investment firm and bespoke solutions provider, focused on private debt solutions for the lower-to-middle market in North America.

FairCap was founded by a diverse team of investment professionals who have spun-off from a large global corporate and investment bank, and small boutique debt advisory firm. The team has a long track record of successfully creating value in the middle market by adhering to a core set of investment principles. For more information, visit: https://www.faircap.co/

About PricewaterhouseCoopers Corporate Finance Debt & Capital Advisory

PwC CF advises on all stages of the debt financing life cycle, helping borrowers evaluate debt and equity alternatives to achieve the best financing solutions. For more information, visit: https://www.pwc.com/ca/en/services/deals/corporate-finance.html/

Contacts

For media inquiries, please contact:
David Dyck, Chief Marketing Officer

APOLLO

Email: david@apollocover.com
LinkedIn: APOLLO Insurance

Beacon Expands Service In Providence and Toronto Markets

May 29, 2024 By Business Wire

Branches in Attleboro, MA and Mississauga, ON now open to support building and roofing contractors

HERNDON, Va.–(BUSINESS WIRE)–$becn #Ambition2025—Beacon (Nasdaq: BECN), the only publicly-traded specialty roofing distributor, announced today that it has opened new locations in Attleboro, Massachusetts and Mississauga, Ontario, Canada to increase service to residential and commercial roofing contractors.


The new branch in Attleboro, Massachusetts adds residential and commercial roofing and complementary products and services in the Providence, Rhode Island metro and the southeastern Massachusetts markets. “We have been serving contractors in New England since our founding nearly 100 years ago. Adding this location brings better service to the local market where our commitment to customer success is well known. Contractors will appreciate connecting to our industry-leading Beacon PRO+ app for online ordering, delivery tracking and our loyalty program,” said Gerard Hill, Beacon’s Regional Vice President, New England.

The new branch in Mississauga, Ontario will serve the Greater Toronto Area (GTA). “We are excited to add more access for our customers who are very busy supporting record population growth in the GTA. Our new branch has a strong catalog of both residential and commercial roofing products as well as complementary products such as waterproofing and insulation. This team’s knowledge and service commitment will help contractors save time and grow their businesses,” commented Charles Michaud, Beacon’s Regional Vice President, Canada.

Beacon has opened seven new locations, completed four acquisitions that added 23 branches year-to-date in 2024. Footprint expansion is an important element of our Ambition 2025 plan. We continue to deliver on our commitments to drive above-market growth to better serve customers. The company exceeded its Ambition 2025 revenue and shareholder return targets two years early and is advancing on achievement of its full plan.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly-traded specialty distributor of building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 550 branches throughout all 50 states in the U.S. and 7 provinces in Canada. Beacon serves an extensive base of nearly 100,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT®, and has a proprietary digital account management suite, Beacon PRO+, which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.

Contacts

INVESTOR CONTACT
Binit Sanghvi

VP, Capital Markets and Treasurer

Binit.Sanghvi@becn.com
972-369-8005

MEDIA CONTACT
Jennifer Lewis

VP, Communications and Corporate Social Responsibility

Jennifer.Lewis@becn.com
571-752-1048

Halmont Properties Corporation First Quarter Results

May 28, 2024 By Globenewswire Tagged With: TSX-V:HMT

TORONTO, May 28, 2024 (GLOBE NEWSWIRE) — HALMONT PROPERTIES CORPORATION (TSX-V: HMT) (“Halmont” or the “Company”) announced today that net income to shareholders for the three months ended March 31, 2024, was $4,114,000 as compared to net income of $2,333,000 for the three months ended March 31, 2023. (thousands, except per share amount) Three months… [Read More]

Firm Capital Apartment REIT Announces Redemption of Convertible Debentures

May 28, 2024 By Globenewswire Tagged With: TSX-V:FCA.U, TSX-V:FCA.UN

TORONTO, May 28, 2024 (GLOBE NEWSWIRE) — Firm Capital Apartment Real Estate Investment Trust (the “Trust”) (TSXV: FCA.U), (TSXV FCA.UN), (TSXV: FCA.DB) is pleased to announce that TSX Trust Company, in accordance with the trust indenture, will be providing notice to redeem all of its outstanding C$18,785,000 (US$13.8 million) aggregate principal amount of 6.25% convertible… [Read More]

Report on Financial Results for the Three Months Ended March 31, 2024

May 28, 2024 By Globenewswire Tagged With: TSX-V:UFC

TORONTO, May 28, 2024 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the three months ended March 31, 2024 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”). BUSINESS OVERVIEW AND… [Read More]

Timbercreek Financial Completes $46 Million Bought Deal Offering of Convertible Debentures

May 28, 2024 By Globenewswire Tagged With: TSX:TF

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, May 28, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial Corp. (TSX: TF) (“Timbercreek” or the “Company”) is pleased to report that it has completed its previously announced bought deal offering of $40 million aggregate principal amount of… [Read More]

  • « Previous Page
  • 1
  • …
  • 61
  • 62
  • 63
  • 64
  • 65
  • …
  • 1145
  • Next Page »

Sign up for the Daily Digest Email!

Receive the latest news stories from the REIT Report every morning for FREE!

100% Privacy. No SPAM. We promise.

Daily Movers

Ticker News Price Chg Chg%
d.un:ca$14.92.7118.16%
csh.un:ca$9.340.545.78%
ax.un:ca$6.920.223.13%
kmp.un:ca$17.730.623.5%
nwh.un:ca$8.020.222.69%
mrt.un:ca$5.24-0.01-0.19%
grt.un:ca$81.72-0.11-0.13%
hot.un:ca$2.53-0.01-0.39%
fcr.un:ca$15.35-0.05-0.32%
dir.un:ca$14.22-0.41-2.87%
 

Market Snapshot

  • Advertise
  • About
  • Contact
  • Privacy Policy

Copyright © 2025 · REIT REPORT