Builders Capital Reports Record Revenue and Portfolio Growth for 2024

Builders Capital Mortgage ( (TSE:BCF) ) has provided an announcement.

Builders Capital Mortgage Corp. reported a record gross annual revenue of $5.2 million for 2024, driven by strong demand for construction financing and elevated interest rates. The company’s mortgage portfolio grew by 32% year-over-year, supported by the successful launch of a Participating Bond offering. Despite market uncertainties, Builders Capital remains optimistic about meeting rising mortgage demands with innovative financial tools, while maintaining efficient capital deployment and consistent shareholder returns.

More about Builders Capital Mortgage

Builders Capital is a mortgage lender specializing in short-term construction financing for residential wood-frame properties in Western Canada. The company, which began operations in 2013, aims to provide attractive returns while maintaining capital preservation and meeting the criteria for mortgage investment corporations as defined in the Income Tax Act.

YTD Price Performance: -1.36%

Average Trading Volume: 2,085

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$27.32M

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