logo
Dream Residential REIT Announces May 2025 Monthly Distribution

Dream Residential REIT Announces May 2025 Monthly Distribution

Globe and Mail21-05-2025

DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) ('Dream Residential REIT' or the 'REIT') today announced its May 2025 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The May distribution will be payable on June 13, 2025 to unitholders of record as at May 30, 2025.
About Dream Residential REIT
Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns a portfolio of garden-style multi-residential properties, primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Alberta's power grid 'cannot possibly connect' all proposed data centres, system operator says
Alberta's power grid 'cannot possibly connect' all proposed data centres, system operator says

CBC

time41 minutes ago

  • CBC

Alberta's power grid 'cannot possibly connect' all proposed data centres, system operator says

Social Sharing The Alberta Electric System Operator (AESO) is introducing temporary limit on how many new data centres can be added to the electrical grid, as the province experiences un unprecedented surge of project proposals. AESO, the independent operator of Alberta's electrical grid, will enable up to 1.2 gigawatts for new large-load data centres in Alberta until 2028. The cap applies to large-load projects that equal or exceed 75 megawatts. But the 29 proposed projects would demand more than 16 gigawatts combined, a level of demand the province has never experienced, said AESO CEO Aaron Engen. "Alberta cannot possibly connect all those proposed data centre projects in the short term," said Engen. "We need to develop an approach to approve data centre connections that, No. 1, don't negatively impact grid reliability; No. 2, that can facilitate data centre investment development as early as [2027-28]." To illustrate the level of demand Alberta is seeing, AESO noted that the city of Edmonton uses roughly 1.4 gigawatts per day. AESO added that it believes the additional 1.2 gigawatts could still unlock billions of dollars in investment in data centres. But Engen said the agency cannot connect new projects if they would compromise the grid's reliability. AESO's limit, he added, is meant to preserve the system's integrity provincewide, while still enabling some data centre development. "This is a very competitive industry right now and people want to get real estate, want to be built, want to have something operating as soon as possible," Engen said. "That's why we're talking about just freeing up, if you will, [1.2 gigawatts] of supply for people to get some development today." Late last year, Alberta Technology Minister Nate Glubish said he hopes to see $100 billion worth of artificial intelligence data centres under construction within the next five years. The centres are typically filled with computer servers used to develop and train large-scale artificial intelligence models. The Alberta government has also highlighted the province's deregulated electricity market as a draw for operators, who can use it for off-grid power generation. If the generation is completely off grid, it doesn't come to AESO to facilitate these applications. But Engen agreed that the bring-your-own-generation concept makes perfect sense, and that data centres setting up their own power generation could be a sensible way to develop more projects. AESO has filtered the number of proposals to 15 through the organization's process for consideration. Rob Davidson, AESO vice president of grid reliability, projects and planning, said more projects could be filtered out over the next month. "It will be all dependent upon each of those projects' ability to get letters of support from their municipality and produce their financial security," Davidson said. AESO doesn't know yet how many of the project proposals are for AI, cloud services or cryptocurrency, he said. But before approving them, the organization will need to understand the operations of each centre and how they would impact the grid.

Musk vs. Trump: A power couple tumbles into a messy divorce
Musk vs. Trump: A power couple tumbles into a messy divorce

CBC

time42 minutes ago

  • CBC

Musk vs. Trump: A power couple tumbles into a messy divorce

It's splittsville for a leading global power couple. Donald Trump and Elon Musk are tumbling into a messy public divorce. Simmering tension between the erstwhile Oval Office buds bubbled further into open view Thursday, as they exchanged digs in public and their own social media sites. The world's most powerful elected politician and its richest man had a blowout whose immediate cause is the U.S. federal budget. Musk has been increasingly disparaging the president's signature budget bill since leaving his unusual government role last week, fuming recently that the bill will plunge the U.S. even deeper into its debt hole, and calling it "a disgusting abomination." Trump's reply: Musk is just bitter. He suggests Musk is unhappy with parts of the bill that hurt his electric-vehicle business. He also suggests the Tesla billionaire misses the action in the White House. And because this is Donald Trump's Washington, the chancellor of Germany happened to be seated in the room, witness to one side of the feud. "Elon and I had a great relationship. I don't know if we will anymore," Trump told reporters during a lengthy photo op Thursday in the Oval Office with Friedrich Merz. "He's not the first. People leave my administration and they love us. And then at some point, they miss it so badly ... I don't know what it is. It's sort of Trump Derangement Syndrome, I guess they call it," he said. "They leave, and they wake up in the morning, and the glamour's gone, the whole world is different – and they become hostile. I don't know what it is." Trump continued escalating the dispute on his own social-media site. On Thursday afternoon, he posted on his social-media platform Musk was "wearing thin," and suggested he'd fired him. "I asked him to leave," Trump wrote on Truth Social, to which Musk responded on X, formerly Twitter, "Such an obvious lie. So sad." The president also uttered a thinly veiled threat: Trump wrote that one easy way to trim the federal budget is to cancel government contracts with Musk's companies. "I was always surprised that Biden didn't do it!" 'Without me, Trump would have lost' Musk, meanwhile, has been using X, the enormous online megaphone he happens to own, to continually broadcast digs at the administration. He's disputing that his own business interests soured him on the legislation. The bill, which has passed the House but faces an uncertain path in the Senate, eliminates an EV tax credit. And he's demanding a little more gratitude after he dumped the equivalent of nearly $400 million Cdn into electing Trump and his allies. "Without me, Trump would have lost the election," Musk posted Thursday on X. "[Democrats] would control the House and the Republicans would be 51-49 in the Senate." Then he went a big step further. He suggested the real reason all the government files on the late sexual predator Jeffrey Epstein have not been fully released is because the president's name appears in them. "Have a nice day, DJT," Musk posted. Elon Musk gets Oval Office send-off from Trump 6 days ago Duration 2:03 Hints of trouble in political paradise It's an abrupt plot twist: The pair were all smiles and praise for each other just last week, as Musk announced his departure from Washington. But there were hints of trouble behind the scenes. There were occasional reports of blowups between Musk and other members of the administration, and the New York Times reported that sources were concerned about Musk's frequent use of different drugs, including, allegedly, so much ketamine that it was affecting his bladder. Musk denied it. Now Musk has gone from White House consigliere to chief heckler in under a week — a speed record even for D.C. As is custom in Trump-era Washington, the human-resources gossip risks overshadowing substantive challenges faced by the U.S. government. With American debt levels ballooning, and the cost of servicing the national debt recently outpacing even military spending, Musk was tasked with controlling finances. He slashed countless offices, programs, research initiatives, and even the entire agency that oversaw U.S. international aid.

Robert Kiyosaki Just Warned ‘Millions Will Be Wiped Out' in ‘Biggest Crash in History,' But Says Do This To ‘Become Very Rich'
Robert Kiyosaki Just Warned ‘Millions Will Be Wiped Out' in ‘Biggest Crash in History,' But Says Do This To ‘Become Very Rich'

Globe and Mail

timean hour ago

  • Globe and Mail

Robert Kiyosaki Just Warned ‘Millions Will Be Wiped Out' in ‘Biggest Crash in History,' But Says Do This To ‘Become Very Rich'

Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has issued a stark warning to investors, claiming that the 'biggest crash in history' is imminent and could unfold throughout the summer of 2025. In a tweet now viewed by millions, Kiyosaki referenced his 2013 book Rich Dad's Prophecy, asserting that his long-standing prediction of a historic financial collapse is now coming to fruition. This comes at a time of extreme market volatility and uncertainty due to ongoing trade wars, high interest rates, inflation concerns, and more. However, Kiyosaki does say there is hope for investors who are willing to invest intelligently and capitalize on the current opportunities the market is presenting. A Dire Warning for Boomers and Traditional Investors Kiyosaki's message is particularly pointed toward Baby Boomers, whom he believes are at greatest risk. He predicts that millions in his generation could see their retirement savings and investments 'wiped out' as stocks, bonds, and real estate markets tumble. 'Crash time is now and through this summer,' Kiyosaki posted, emphasizing that the downturn will not be limited to equities but will extend across all major asset classes. Amid the anticipated chaos, Kiyosaki forecasts a massive migration of capital into alternative assets — specifically gold, silver, and Bitcoin (BTCUSD). He argues that as traditional markets falter, 'billions will rush into gold, silver, and Bitcoin,' with these assets serving as safe havens during the turmoil. Silver: The 'Biggest Bargain' of 2025 While Kiyosaki remains bullish on gold (GCQ25) and Bitcoin, he singles out silver as the most compelling opportunity. He claims silver (SIN25), currently trading around $35 an ounce, is still 60% below its all-time high and could triple in value by the end of 2025. 'The biggest bargain today is silver. In 2025 silver may 3X,' he wrote, urging investors to buy physical silver rather than exchange-traded funds (ETFs), which he dismisses as 'fake money.' 'Silver is priced around $35 an ounce, which means almost everyone anywhere in the world…has a chance to grow richer…while millions grow poorer,' Kiyosaki stated, encouraging followers to act decisively to protect and grow their wealth. Don't Miss: Advice: Take Action or Be Left Behind Kiyosaki's message is clear: those who are proactive and shift their portfolios into what he calls 'real assets' may not only preserve their wealth but could become 'extremely rich' during the downturn. He ended his tweet with a call to action: 'What are you going to do tomorrow…grow richer or grow poorer? Please choose to get richer.' However, critics have pointed out that Kiyosaki has called '9 of the last 0 market crashes.' Resurfaced tweets show he has made similar calls in December of 2023, July of 2023, September of 2022, and September of 2021. His track record suggests that while it's good to be wary of market conditions, as is true at any time as a prudent investor, it's unclear how much stock you should actually put into his latest warning. Regardless, it's never a bad idea to consistently reassess your portfolio, adjust to the times, and hedge your bets. On the date of publication, Caleb Naysmith did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store