Halmont Properties (TSE:HMT) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Halmont Properties Corporation reports a substantial increase in net income to shareholders, reaching $4,114,000 in the first quarter of 2024, up from $2,333,000 in the same period last year. The company has sold its heritage office building and is reinvesting in institutional and forest properties, including a new partnership with George Brown College to expand its waterfront campus. Additionally, the book value per common share has seen an increase, suggesting a positive outlook for the company’s financial health.
For further insights into TSE:HMT stock, check out TipRanks’ Stock Analysis page.