The Slaight Family Foundation announces Red Cross as part of its emergency support funding
Cox's Bazar is home to more than one million Rohingya refugees who have fled violence in Myanmar and are experiencing additional challenges due to a recent earthquake. This contribution will help Red Cross sustain critical health and protection services, and will provide essential medical care and prenatal and postnatal services. The funding will also support disaster assistance and protection services, particularly for women and children who have been displaced from their homes.
QUICK FACTS:
The generous contribution from The Slaight Family Foundation will support humanitarian aid for people, particularly women and children displaced from Myanmar and living in Cox's Bazar and will:
The Canadian Red Cross and the International Federation of Red Cross and Red Crescent Societies will collaborate with the Bangladesh Red Crescent to effectively deliver and manage activities.
QUOTE:
'I want to thank Gary Slaight and The Slaight Family Foundation for this generous donation that will allow Red Cross to address humanitarian needs for people who are displaced and living in Cox's Bazar. This funding will help address a gap in international funding and focuses on addressing the health care needs of women and their families. There is a tremendous need and the support of The Slaight Family Foundation will help Red Cross provide lifesaving aid to people in Cox's Bazar.'
Conrad Sauvé
,
president and CEO at the Canadian Red Cross
'Several Canadian organizations are delivering lifesaving international aid in crisis zones like Bangladesh, Yemen and South Sudan, and they need support now more than ever,' said Gary Slaight, President and CEO of The Slaight Family Foundation. 'We hope this funding will help sustain access to health care, food, education and protection for the world's most vulnerable.'
Gary Slaight, President and CEO, The Slaight Family Foundation
ADDITIONAL RESOURCES
@redcrosscanada.bsky.social
|
facebook.com/CanadianRedCross
|
redcross.ca/blog
Red Cross donor inquiries:
WeCare@redcross.ca
or 1-800-418-1111
About the Canadian Red Cross
Here in Canada and overseas, the Red Cross stands ready to help people before, during and after a disaster. As a member of the International Red Cross and Red Crescent Movement – which is made up of the International Federation of Red Cross and Red Crescent Societies, the International Committee of the Red Cross and 191 national Red Cross and Red Crescent societies – the Canadian Red Cross is dedicated to helping people and communities in Canada and around the world in times of need, and supporting them in strengthening their resilience.
MEDIA CONTACTS:
English:
media@redcross.ca
1-877-599-9602
French and Quebec:
communication@croixrouge.ca
1-888-418-9111
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Our organization is part of the S&P 500 and one of the top Real Estate Investment Trusts (REITs) by market capitalization. For more information, please visit: (1) Includes non-cash compensation of $20,839 and $17,872 for the three months ended June 30, 2025 and 2024, respectively, and $35,914 and $38,645 for the six months ended June 30, 2025 and 2024, respectively. 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Segment operating profit is a key business metric and one of our two measures of segment profitability. The calculation of Segment operating profit for each of our segments is set forth below. Non-GAAP Financial Measures The press release contains non-GAAP financial measures including (i) Cash Site Leasing Revenue, Tower Cash Flow, and Tower Cash Flow Margin; (ii) Adjusted EBITDA, Annualized Adjusted EBITDA, and Adjusted EBITDA Margin; (iii) Funds from Operations ('FFO'), Adjusted Funds from Operations ('AFFO'), and AFFO per share; (iv) Net Debt, Net Secured Debt, Leverage Ratio, and Secured Leverage Ratio (collectively, our 'Non-GAAP Debt Measures'); and (v) certain financial metrics after eliminating the impact of changes in foreign currency exchange rates (collectively, our 'Constant Currency Measures'). We have included these non-GAAP financial measures because we believe that they provide investors additional tools in understanding our financial performance and condition. Specifically, we believe that: (1) Cash Site Leasing Revenue and Tower Cash Flow are useful indicators of the performance of our site leasing operations; (2) Adjusted EBITDA is useful to investors or other interested parties in evaluating our financial performance. Adjusted EBITDA is the primary measure used by management (1) to evaluate the economic productivity of our operations and (2) for purposes of making decisions about allocating resources to, and assessing the performance of, our operations. Management believes that Adjusted EBITDA helps investors or other interested parties meaningfully evaluate and compare the results of our operations (1) from period to period and (2) to our competitors, by excluding the impact of our capital structure (primarily interest charges from our outstanding debt) and asset base (primarily depreciation, amortization and accretion) from our financial results. Management also believes Adjusted EBITDA is frequently used by investors or other interested parties in the evaluation of REITs. In addition, Adjusted EBITDA is similar to the measure of current financial performance generally used in our debt covenant calculations. Adjusted EBITDA should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance; (3) FFO, AFFO and AFFO per share, which are metrics used by our public company peers in the communication site industry, provide investors useful indicators of the financial performance of our business and permit investors an additional tool to evaluate the performance of our business against those of our two principal competitors. FFO, AFFO, and AFFO per share are also used to address questions we receive from analysts and investors who routinely assess our operating performance on the basis of these performance measures, which are considered industry standards. 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GAAP requires rental revenues and expenses related to leases that contain specified rental increases over the life of the lease to be recognized evenly over the life of the lease. In accordance with GAAP, if payment terms call for fixed escalations, or rent free periods, the revenue or expense is recognized on a straight-lined basis over the fixed, non-cancelable term of the contract. We only use AFFO as a performance measure. AFFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance and should not be considered as an alternative to cash flows from operations or as residual cash flow available for discretionary investment. We believe our definition of FFO is consistent with how that term is defined by the National Association of Real Estate Investment Trusts ('NAREIT') and that our definition and use of AFFO and AFFO per share is consistent with those reported by the other communication site companies; (4) Our Non-GAAP Debt Measures provide investors a more complete understanding of our net debt and leverage position as they include the full principal amount of our debt which will be due at maturity and, to the extent that such measures are calculated on Net Debt are net of our cash and cash equivalents, short-term restricted cash, and short-term investments; and (5) Our Constant Currency Measures provide management and investors the ability to evaluate the performance of the business without the impact of foreign currency exchange rate fluctuations. In addition, Tower Cash Flow, Adjusted EBITDA, and our Non-GAAP Debt Measures are components of the calculations used by our lenders to determine compliance with certain covenants under our Senior Credit Agreement and indentures relating to our 2020 Senior Notes and 2021 Senior Notes. These non-GAAP financial measures are not intended to be an alternative to any of the financial measures provided in our results of operations or our balance sheet as determined in accordance with GAAP. Financial Metrics after Eliminating the Impact of Changes In Foreign Currency Exchange Rates We eliminate the impact of changes in foreign currency exchange rates for each of the financial metrics listed in the table below by dividing the current period's financial results by the average monthly exchange rates of the prior year period, and by eliminating the impact of the remeasurement of our intercompany loans. The table below provides the reconciliation of the reported growth rate year-over-year of each of such measures to the growth rate after eliminating the impact of changes in foreign currency exchange rates to such measure. Cash Site Leasing Revenue, Tower Cash Flow, and Tower Cash Flow Margin The table below sets forth the reconciliation of Cash Site Leasing Revenue and Tower Cash Flow to their most comparable GAAP measurement and Tower Cash Flow Margin, which is calculated by dividing Tower Cash Flow by Cash Site Leasing Revenue. Forecasted Tower Cash Flow for Full Year 2025 The table below sets forth the reconciliation of forecasted Tower Cash Flow set forth in the Outlook section to its most comparable GAAP measurement for the full year 2025: Adjusted EBITDA, Annualized Adjusted EBITDA, and Adjusted EBITDA Margin The table below sets forth the reconciliation of Adjusted EBITDA to its most comparable GAAP measurement. (1) Total interest expense includes interest expense, non-cash interest expense, and amortization of deferred financing fees. (2) Includes franchise and gross receipts taxes reflected in the Statements of Operations in selling, general and administrative expenses. (3) Annualized Adjusted EBITDA is calculated as Adjusted EBITDA for the most recent quarter multiplied by four. Expand The calculation of Adjusted EBITDA Margin is as follows: Forecasted Adjusted EBITDA for Full Year 2025 The table below sets forth the reconciliation of the forecasted Adjusted EBITDA set forth in the Outlook section to its most comparable GAAP measurement for the full year 2025: (1) Total interest expense includes interest expense, non-cash interest expense, and amortization of deferred financing fees. (2) Includes projections for franchise taxes and gross receipts taxes, which will be reflected in the Statement of Operations in Selling, general, and administrative expenses. Expand Funds from Operations ('FFO'), Adjusted Funds from Operations ('AFFO'), and AFFO per share The tables below set forth the reconciliations of FFO, AFFO, and AFFO per share to their most comparable GAAP measurement. Forecasted AFFO for the Full Year 2025 The tables below set forth the reconciliations of the forecasted AFFO and AFFO per share set forth in the Outlook section to their most comparable GAAP measurements for the full year 2025: (1) Our assumption for weighted average number of common shares does not contemplate any additional repurchases of the Company's stock during 2025. Expand Net Debt, Net Secured Debt, Leverage Ratio, and Secured Leverage Ratio Net Debt is calculated using the notional principal amount of outstanding debt. Under GAAP policies, the notional principal amount of the Company's outstanding debt is not necessarily reflected on the face of the Company's financial statements. The Net Debt and Leverage calculations are as follows: (1) As further adjusted to reflect a full quarter of EBITDA from the acquired Millicom assets, Annualized Adjusted EBITDA would have been $1,938,592 and the Leverage Ratio would have been 6.3x. Expand
