It's an old truism on the prairies that if you don't like the weather, you can just wait five minutes.
A prairie sky is huge, and views are long. But experience tells you not to ever take a clear sky for granted. Changes can be abrupt and dramatic, and the biggest storms seem to appear out of nowhere. They challenge even the most experienced forecaster. Doing business is no different. Our world has been hit by dramatic changes over the last few years, and even though so much has returned to normal, ongoing global uncertainty, breaks in supply chain dependability, spikes in inflation and a return to a higher interest rate environment, have all changed our environment, and reminded us that we can't always predict the weather.
Our Company is one that understands change. We are careful investors and we manage towards sustainable growth and stability. We invest only in assets we believe we can sustain over the long term, and we seek to gain the most out of our base and maximize our investments and relationships to support our strategic goals. We are prudent managers because it's always good strategy and it best positions us to manage through virtually any environment. We can never control our environment, but we have yet to find ourselves reeling in response to environmental shocks, not even in the last few years. In 2022, as things shifted again, we continued to see the wisdom in this posture, as we delivered across all measures, and proved again that we are building and growing in a manner which will sustain.
The most dramatic impact on our business world is the new interest rate environment. There is no question that the shifts of the last 18 months have brought challenges. In anticipation, we took advantage of historically low interest rates that preceded this period to refinance a number of properties at lower interest rates and to generate proceeds to pay down our higher interest debt instruments such as our operating facilities.
PRESIDENT'S REPORT | IEI ANNUAL REPORT 2022
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Imperial Equities Inc. published this content on 21 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2023 16:10:13 UTC.
Imperial Equities Inc. is a Canada-based company that is focused on the acquisition, development and/or redevelopment of real estate assets. The Companyâs operations consist of the acquisition, development and redevelopment of industrial, agricultural, and commercial properties primarily in Edmonton and throughout Alberta and in British Columbia. Its property portfolio includes ALS Building, Clear Water Bottling Building, Central Distribution Building, Coppertone I Building, Coppertone II Building, Core Distribution Building, Day and Ross Crossdock Facility, Dynomax Building, EPCOR Building, Essential Energy Building, Master Group Building, Rocky Mountain Equipment Building and more. Its subsidiaries include Imperial Equities Properties Ltd. (IEPL), Imperial One Limited, Imperial Two Limited, Imperial Three Limited, Imperial Four Limited, Imperial Five Limited, Imperial Six Limited, Imperial Seven Limited, and Imperial Eight Limited.
IMPERIAL EQUITIES INC. 
