TORONTO, Aug. 02, 2023 (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, 2023. 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]
Colliers Reports Second Quarter Results
High value recurring revenues continue to scale Maintains full year financial outlook Second quarter and year to date operating highlights: Three months ended Six months ended June 30 June 30 (in millions of US$, except EPS) 2023 2022 2023 2022 … [Read More]
Choice Properties Real Estate Investment Trust Completes $350 Million Issuance of Series T Senior Unsecured Debentures
Not for distribution to U.S. News Wire Services or dissemination in the United States
TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that it has completed its previously announced issuance, on a private placement basis in certain Provinces of Canada (the “Offering”), of $350 million aggregate principal amount of series T senior unsecured debentures of the Trust bearing interest at a rate of 5.699% per annum and maturing on February 28, 2034 (the “Debentures”).
The Trust intends to use the net proceeds of the Offering (i) to repay all or a portion of the balance drawn on the Trust’s credit facility and (ii) for general business purposes.
DBRS Morningstar has provided the Debentures with a credit rating of “BBB” (high) with a “stable” trend and S&P Global Ratings has provided the Debentures with a credit rating of “BBB”. The Debentures rank equally with all other unsecured indebtedness of the Trust that has not been subordinated.
The Debentures were sold on an agency basis by a syndicate of agents co-led by RBC Capital Markets, Scotiabank, TD Securities, BMO Capital Markets, and CIBC Capital Markets. The Debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Choice Properties Real Estate Investment Trust
Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.
We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.
For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedar.com.
Forward-Looking Statements
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties’ current expectations regarding future events, including the expected repayment of the maturing debentures and the intended use of proceeds of the Offering. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Choice Properties’ control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed in Choice Properties’ 2022 Annual Report, current Annual Information Form and 2023 Second Quarter Report. Choice Properties does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. All forward-looking statements contained in this press release are made as of the date hereof and are qualified by these cautionary statements.
Contacts
Mario Barrafato
Chief Financial Officer
Choice Properties Real Estate Investment Trust
(416) 628-7872
Mario.Barrafato@choicereit.ca
FIRST CAPITAL REIT ANNOUNCES STRONG SECOND QUARTER 2023 RESULTS UNDERPINNED BY CONTINUED STRENGTH IN LEASING AND EXECUTION OF CAPITAL ALLOCATION PLAN
TORONTO, Aug. 1, 2023 /CNW/ – First Capital Real Estate Investment Trust (“First Capital” or the “Trust”) (TSX: FCR.UN), announced solid financial results for the quarter ended June 30, 2023. The 2023 Second Quarter Report is available in the Investors section of the Trust’s website at www.fcr.ca and has been filed on SEDAR at www.sedar.com. KEY… [Read More]
The Real Brokerage to Host Second Quarter 2023 Earnings Conference Call
TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX), the fastest growing publicly traded real estate brokerage, today announced that it will release its second quarter 2023 financial results before market open on Wednesday, August 9, 2023.
The Company will subsequently hold a conference call to discuss operating and financial results for the quarter on Wednesday, August 9, 2023 at 11:00 a.m. ET.
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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 2023 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. 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.
About Real
The Real Brokerage Inc. is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 47 states, D.C., and four Canadian provinces with over 11,000 agents. Additional information can be found on its website at www.onereal.com.
Contacts
For additional information:
Jason Lee
Vice President, Capital Markets & Investor Relations
investors@therealbrokerage.com
908.280.2515
For media inquiries, please contact:
Elisabeth Warrick
Director, Communications
elisabeth@therealbrokerage.com
201.564.4221
MaintainX Maintenance & Asset Management App Now Available on SAP® Store
By integrating with SAP, MaintainX’s mobile-first maintenance and asset management app allows large, multi-site manufacturers to capture more accurate and reliable maintenance and parts usage data from the shop floor.
SAN FRANCISCO–(BUSINESS WIRE)–MaintainX today announced that its mobile-first maintenance and asset management solution is now available on SAP® Store, the online marketplace for SAP and partner offerings. MaintainX integrates with SAP ERP and SAP S/4HANA®, enabling frontline maintenance, safety and operations teams to more easily manage work orders, parts inventory, purchase orders and more, using a mobile app built specifically for maintenance.
MaintainX CEO Chris Turlica said: “MaintainX helps SAP customers drive transformational change by making it easier than ever for their frontline teams to perform and record maintenance work. This integration enables manufacturers to get higher quality maintenance and equipment data into their ERP, unlocking new opportunities to reduce waste and keep production lines running for longer.”
MaintainX is available for free trial on SAP Store. It provides a top-rated mobile CMMS experience for maintenance managers and technicians, enabling customers to:
- Increase asset availability by preventing equipment breakdowns through preventive and predictive maintenance
- Save money by doing less reactive maintenance work, reducing inventory costs and planning maintenance work more effectively
- Reduce safety incidents with improved tracking and reporting of safety walkthroughs and audits
According to Jarrod Kipp, North America Supply Process Transformation Manager at Duracell, Inc., “Moving to MaintainX was one of the smoothest integrations I’ve ever seen in my career. We wanted to design a process that complemented our SAP technology, and MaintainX really understood exactly how to fit in. The store room associates now have a tool that’s a lot easier to use for looking up parts. We’re looking at savings of almost $50,000 per year in inventory variability.”
MaintainX has also been selected to become a member of the SAP.iO Foundry New York 2023 program focused on innovation in supply chain management. During the 5-month program, MaintainX will work to build and develop a long-term partnership with SAP by defining joint use cases, product integration and exploring business development opportunities.
SAP Store, found at store.sap.com, delivers a simplified and connected digital customer experience for finding, trying, buying and renewing more than 2,300 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated solutions they need to grow their business. And for each purchase made through SAP Store, SAP will plant a tree.
About MaintainX
MaintainX is a mobile-first maintenance and asset management platform built for the new industrial workforce.
It empowers frontline teams to more efficiently manage work orders, assets, parts inventory, purchase orders and more, reducing unexpected downtime and boosting production capacity. Today, MaintainX powers operational excellence for 6,000+ customers around the world, including ABInBev, Duracell, and Univar.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.
For more information on MaintainX, please visit our website.
Contacts
For more information, press only:
Tyler Hufstetler, Head of Partnerships, MaintainX
press@getmaintainx.com
Zenbase and unitii corp. Join Forces to Empower Residents with Rent Reporting and Flexible Rent Payment Options
CALGARY, Alberta–(BUSINESS WIRE)–#fintech–Zenbase, offering Canada’s only automated rent reporting and most popular split rent payments, is pleased to announce a partnership with unitii corp., a premier provider of residential property management services in Alberta. This collaboration aims to revolutionize the renting experience by offering residents the combined benefits of rent reporting for building credit and the option to split rent, facilitating easier budgeting.
Zenbase has gained recognition for its innovative credit-building solutions, empowering individuals to enhance their financial well-being. Through its solution, Zenbase enables users to report their rental payments automatically to Equifax, allowing them to establish or strengthen their creditworthiness.
Unitii is a trusted name in the real estate industry. By joining forces with Zenbase, unitii further enhances its suite of resident-focused offerings. In addition to traditional property management services, residents now have access to the option of splitting their rent payments, promoting more manageable budgeting and financial planning.
The partnership between Zenbase and unitii aligns perfectly with the ever-evolving needs of modern renters. By combining the power of credit building through rent reporting and the flexibility of splitting rent, residents will enjoy newfound financial freedom and the ability to achieve their long-term financial goals.
“We are excited to partner with unitii and bring our industry-leading credit-building technology to their residents,” said Koray Can Oztekin of Zenbase. “We believe that everyone should have the opportunity to build a strong credit history, and this partnership will provide unitii’s residents with the tools they need to take control of their financial futures.”
Lizaine Wheeler, COO of unitii corp, expressed her enthusiasm about the partnership, stating, “unitii is committed to delivering exceptional living experiences for our residents. By teaming up with Zenbase, we are not only enhancing our services but also empowering our residents with the opportunity to improve their credit scores and create better financial prospects for themselves. We are thrilled to provide our residents with this valuable resource.”
About Zenbase
Zenbase, a leader in rewarding and flexible rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Our solutions aid the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the first of the month, but that doesn’t align with most people’s bi-monthly pay cycle. Zenbase fixed that misalignment by offering residents the option to split their rent into two monthly payments and provide other financial health solutions such as rent reporting. For more information on how to get started with Zenbase or CreditBuilder, visit myzenbase.com.
About unitii corp.
At unitii our focus is reimagining property ownership and enhancing residents experience. Owning properties should be seamless and stress free. Our senior leadership team has combined their decades of experience, managing over 60,000 apartments to create a platform that transforms the rental journey. We make it a priority to stay up to date on all the latest market information, technology, and talent that will provide best in class property management. We live and breathe Property Management! For more information visit unitii.ca.
Contacts
Zenbase Press Contact:
Philipp Postrehovsky
philipp@myzenbase.com
604.657.2775
Unitii Property Management Press Contacts:
Lizaine Wheeler
lizaine@unitii.ca
825-910-8258
Lisa Russell
lisa@unitii.ca
Cintas Corporation Announces 17.4% Increase in Quarterly Cash Dividend
CINCINNATI–(BUSINESS WIRE)–Cintas Corporation (Nasdaq: CTAS) announced that the Company’s Board of Directors approved a quarterly cash dividend of $1.35 per share of common stock payable on September 15, 2023 to shareholders of record at the close of business on August 15, 2023. This represents a 17.4% increase compared to last fiscal year’s dividend. Cintas has a strong record of returning capital to its shareholders and has consistently raised its dividend each year since Cintas’ initial public offering 40 years ago in 1983.
Any future dividend declarations, including the amount of any dividends, are at the discretion of the Board of Directors and dependent upon then-existing conditions, including the Company’s operating results and financial condition, capital requirements, contractual restrictions, business prospects and other factors that the Board of Directors may deem relevant.
Cintas
Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing a wide range of products and services that enhance our customers’ image and help keep their facilities and employees clean, safe and looking their best. With products and services including uniforms, mats, mops, restroom supplies, first aid and safety products, fire extinguishers and testing, and safety and compliance training, Cintas helps customers get Ready for the Workday®. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor’s 500 Index and Nasdaq-100 Index.
Contacts
J. Michael Hansen, Executive Vice President and Chief Financial Officer – 513-972-2079
Jared S. Mattingley, Vice President – Treasurer & Investor Relations – 513-972-4195
Melcor REIT announces delay in filing its Q2 financial statements on SEDAR +
EDMONTON, Alberta, July 27, 2023 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (Melcor REIT – TSX: MR.UN) is experiencing technical delays in the filing of its Condensed Interim Consolidated Financial Statements and Management’s Discussion & Analysis for the second quarter ended June 30, 2023 on the newly launched SEDAR+ platform. Such Financial Statements, MD&A… [Read More]
Genesis Reports 2023 Second Quarter Results
CALGARY, AB, July 27, 2023 /CNW/ – Genesis Land Development Corp. (TSX: GDC) (the “Corporation” or “Genesis”) reported its financial and operating results for the three months (“Q2”) and six months ended June 30, 2023 (“YTD”). Genesis is an integrated land developer and residential home builder with a strategy to grow its portfolio of well-located,… [Read More]
Melcor REIT announces second quarter 2023 results
EDMONTON, Alberta, July 27, 2023 (GLOBE NEWSWIRE) — Melcor REIT (TSX: MR.UN) today announced results for the second quarter ended June 30, 2023. Revenue was stable at $18.12 million in the quarter and $37.11 million year-to-date. Second quarter same-asset NOI was up 4% to $11.02 million and was up 1% year-to-date at $21.92 million. In-place occupancy… [Read More]
FirstService Reports Second Quarter 2023 Results
Significant Earnings Growth Driven by Continued Top-Line Strength Operating highlights: Three months ended Six months ended June 30 June 30 2023 2022 2023 2022 Revenues (millions) $… [Read More]
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