Dream Impact Trust reported a net loss of CAD 10.3 million for the third quarter, missing analyst estimates of around CAD 2.84 million. The trust saw its purpose-built rental assets achieve occupancy of over 90%, up roughly 15 percentage points since June. It secured a USD 15 million loan from its parent and extended convertible debentures with Fairfax Financial Holdings Limited to 2031. Development projects such as 49 Ontario Street and the Quayside scheme remain on track, with expectations of boosting earnings in the coming year.Read more

Alexander's Inc reported stronger-than-expected earnings for the third quarter, outperforming analyst forecasts despite a slight decline in revenue from the previous year. The company�s net income for the period reached USD 6 million, exceeding estimates, while funds from operations (FFO) per diluted share increased to USD 2.91 compared with USD 2.84 a year earlier. Revenue totalled USD 53.4 million, surpassing projections, although down year-on-year.Read more

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Killam Apartment REIT recorded a 5.5% growth in same property net operating income (NOI) during the third quarter, driven by a 5.2% increase in same property revenue. The company's net income, however, declined due to a fair value loss on investment properties. Killam completed property sales worth CAD 147.6 million and reinvested the proceeds into new acquisitions. Looking ahead, the REIT anticipates full occupancy for The Carrick by early 2026 and expects to complete its Waterloo and Halifax developments within the same year.Read more

New World Development, a leading Hong Kong-based property developer, has launched a debt exchange offer worth up to USD 1.9 billion to restructure its existing perpetual securities. The initiative includes issuing new perpetual securities worth up to USD 1.6 billion and USD 300 million in new notes. The company aims to extend debt maturities, improve liquidity, and stabilize its capital structure amid prolonged challenges in Hong Kong's property market. Discussions involving PJT Partners and key bondholders were held last week to evaluate the proposal's terms.Read more

Dream Industrial Real Estate Investment Trust (REIT) recorded an increase in its third-quarter net rental income and funds from operations (FFO), supported by robust leasing performance and strategic acquisitions. The company achieved an 8.8% year-on-year rise in net rental income and a 4.3% increase in diluted FFO per unit. Over USD 107 million worth of acquisitions were completed in its wholly-owned portfolio, while leasing activity covered more than 2.7 million sq ft. Dream Industrial also reported a strong liquidity position exceeding USD 800 million.Read more

Boardwalk Real Estate Investment Trust reported an 11.2% year-on-year increase in adjusted funds from operations (FFO) for the third quarter, supported by an 8.1% rise in net operating income. The trust has also raised its 2025 FFO guidance to between CAD 4.58 and CAD 4.65 per unit, anticipating 8.5-10% growth in same-property NOI. Strong demand for affordable multi-family housing is expected to continue next year, with high occupancy levels and strategic capital allocation driving performance.Read more

Saudi Arabian companies are gearing up to channel billions of dollars into Syria's reconstruction, targeting energy, telecommunications and financial infrastructure. The move is led by the Saudi-Syrian Business Council and includes firms such as ACWA Power and STC. The kingdom has already pledged more than USD 6 billion for Syria, covering real estate, infrastructure and telecoms. However, U.S. sanctions-most notably the Caesar Act still hamper the flow of capital. Saudi Arabia's strategy aligns with its Vision 2030 economic diversification while also seeking to reintegrate Syria into the regional fold.Read more

Japan's Mitsubishi Corporation has started building a large urea production facility in western Turkmenistan, valued at more than USD 1.3 billion. The plant, located at Kiyanly on the Caspian Sea coast, will have the capacity to produce 3,500 tons of urea and 2,000 tons of ammonia per day. Turkey's Gap ?n?aat has been awarded the construction contract. Turkmenistan, which holds the world�s fourth-largest natural gas reserves, is looking to reduce its reliance on gas exports and boost value-added chemical production.Read more

Westpac Banking Corporation recorded a marginal fall in its annual profit to AUD 6.99 billion (USD 4.54 billion) for the year ended September, compared to AUD 7.11 billion a year earlier, though the result surpassed analyst expectations of AUD 6.83 billion. The bank continues to face strong competition in the home-lending market, with its mortgage growth trailing major rivals. Despite this, credit quality improved as home-loan arrears declined and stressed loans eased. Operating expenses rose 9% due to restructuring, technology and wage costs, while the bank maintained steady margins and declared a final dividend of AUD 0.77 per share.Read more

The Singapore government has announced plans to gazette the bungalow at 38 Oxley Road, the former home of founding Prime Minister Lee Kuan Yew, as a national monument. Built in 1898, the house was deemed of great historic value by the National Heritage Board and Singapore Land Authority for its role during the 1950s when Singapore was transitioning from a colony to an independent nation. Although Lee's will requested its demolition, the government stated it would preserve the site respectfully, removing all traces of private living areas if it becomes a public heritage space.Read more