$WN.TO

Allied Properties REIT Appoints Craig MacIntyre As Senior VP and Chief Financial Officer, Effective July 29, 2026

George Weston Renews NCIB

George Weston (WN.TO) is renewing its normal course issuer bid (NCIB), and may buy back up to 18.8 million shares, the company said on Monday.The NCIB will run from May 27 for one year.Under its prior share buyback, which terminates on May 26, George Weston bought back 11.4 million shares at a weighted average price of $92.95.George Weston shares closed down $0.37, to $96.46 on Friday, on the Toronto Stock Exchange.

George Weston Announcing Normal Course Issuer Bid; Representing Approximately 5% of Common Shares Issued and Outstanding

CIBC Lowers George Weston's Price Target By $10

CIBC Capital Markets maintained its outperformer rating on the shares of George Weston (WN.TO), but at the same time reduced its price target to C$117.00 from $127.00 in a note dated May 12, after the company reported its first quarter results.George Weston's Q1 results came with "few surprises" given the known results of both Loblaw Companies (L.TO) and Choice Properties Real Estate Investment Trust (CHP-UN.TO), said CIBC."Its capital allocation priorities remain unchanged, with the recent announcement of Choice acquiring First Capital alongside Kingsett not expected to alter buyback activity," said CIBC. "The implied Holdco discount sits at 14.8% today," added CIBC in the note dated May 12.CIBC continues to forecast Weston repurchasing near $1B of shares in F2026 and F2027, in line with activity in prior years. It also expects "healthy" cash flow generation to continue, driven by Loblaw dividends, Choice distributions and participation in Loblaw's NCIB."Our target Holdco discount stays at 9%, and with our updated Loblaw price target of $69 and the CIBC REIT team's price target of $16.50/unit for Choice Properties, our price target for WN moves to $117 (was $127)," added CIBC. "George Weston remains Outperformer rated."Though not specifically related to the potential First Capital transaction, CIBC highlights that its REIT team upgraded CHP to Outperformer rated effective April 30, primarily on account of current valuation levels.Price: $93.33, Change: $-3.34, Percent Change: -3.46%

George Weston Q1 Adjusted Earnings, Revenue, Advance

George Weston's (WN.TO) first quarter adjusted earnings and revenue were both higher, the company said on Tuesday.The company, which operates through its two reportable operating segments: Loblaw (L.TO) and Choice Properties (CHP-UN.TO), said adjusted earnings, which excludes most one-time items, increased 2.9% to $349 million, or $0.91 per adjusted diluted share, from $339 million, or $0.86 per diluted share, in the previous corresponding quarter. The result was below the consensus analyst estimate of $0.98 per share, according to FactSet.Revenue advanced 4.2% to $14.64 billion, a tad under the $14.65 billion forecast.The company will pay a quarterly dividend of $0.32 per share on July 1, to shareholders of record on June 15.George Weston shares closed down $1.67, to $94.02 on Monday on the Toronto Stock Exchange.

Earnings Flash (WN.TO) George Weston Posts Q1 Adjusted Net Earnings Available to Common Holders of $349M, an Increase of $10M, or 2.9%

Earnings Flash (WN.TO) George Weston Reports Q1Adjusted EBITDA $1,707M, an increase of $99M, or 6.2%.

George Weston In 2026 Outlook Adds It Expects To Use Excess Cash to Repurchase Shares

George Weston 2026 Outlook Remains Unchanged and It Continues to Expect Adjusted Net Earnings to Increase Due to Results From Its Operating Segments

George Weston Quarterly Common Share Dividend To Be Increased by 8.0%

George Weston Q1 Adjusted diluted net earnings per common share $0.91, an increase of $0.05, or 5.8%

George Weston Q1 Revenue was $14,639M, an increase of $585 million, or 4.2%

First Capital REIT to be Acquired by Choice Properties and Kingsett In $9.4B Deal; George Weston Involved

First Capital REIT (FCR-UN.TO) said Thursday it had entered into an agreement that will see it acquired by KingSett Capital and Choice Properties REIT (CHP-UN.TO) in a unit and cash transaction valued at $9.4 billion, including the assumption of certain debt. The deal also involves George Weston Limited (WN.TO).Under the terms of the arrangement agreement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per unit, amounting to $24.40 per First Capital unit. The transaction price represents a premium of 17% to First Capital's 20-day volume-weighted average price through April 15, and a premium of 8% to First Capital's Net Asset Value of $22.57 per unit. Additionally, the transaction price represents a premium of 12% and 21% to First Capital's closing unit price and 90-day volume-weighted average price through April 15, 2026, respectively.The transaction will see Choice Properties acquire $5.0 billion of retail assets from First Capital. KingSett will acquire approximately $4.4 billion of First Capital assets and all of First Capital's issued and outstanding units.The Choice Properties Acquisition Portfolio is expected to generate full-year net operating income (NOI) of $235 million in 2027, with an annual growth rate of 3.5% in the near-term.Choice Properties will finance its acquisition of the portfolio through a combination of debt and equity. This includes issuing 68.6 million Choice units to First Capital unitholders valued at $1.1 billion, and a $0.6 billion equity investment from George Weston for 38 million units, the assumption of First Capital's $2.3 billion of outstanding unsecured debentures, and the assumption of $0.4 billion of in-place mortgages. The remaining consideration is expected to be financed via the issue of new unsecured debentures by Choice Properties.KingSett has secured, on a firm, committed basis, all financing required to complete the transaction.First Capital units closed up $0.14, to $21.84, on Wednesday, on the Toronto Stock Exchange. Choice Properties REIT closed up $0.04, to $16.19.George Weston shares closed up $0.80, to $97.03.