The latest update is out from Invesque ( (TSE:IVQ) ).
Invesque Inc. reported its financial results for the fourth quarter and full year 2024, highlighting significant strategic moves, including the sale of seven seniors housing assets for $65.4 million, which helped reduce debt and maintain liquidity. The company also completed the exchange of its convertible debentures and preferred shares, resulting in a streamlined capital structure with new debentures and a substantial increase in common shares. These actions aim to optimize asset value and return value to shareholders, positioning Invesque for future growth and stability in the healthcare real estate sector.
More about Invesque
Invesque is a North American healthcare real estate company focusing on the aging demographic’s increasing demand for healthcare services. It invests in income-generating seniors housing communities, including independent living, assisted living, and memory care, operated under long-term leases and joint ventures with leading partners. The company also invests in owner-occupied seniors housing properties, providing management services through Commonwealth Senior Living, LLC.
YTD Price Performance: 67.14%
Average Trading Volume: 59,295
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.88M
See more data about IVQ stock on TipRanks’ Stock Analysis page.