Timbercreek Financial (TSE:TF) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Timbercreek Financial reported a robust start to 2024, with a $31.3 million increase in their net mortgage investment portfolio, reaching $977.5 million, and a payout of $19.1 million in dividends after a strong quarter of loan originations. Despite a slight dip in net income compared to the previous year, the company maintains a healthy payout ratio and is optimistic about future growth due to a stable interest rate environment and ongoing management of higher-risk loans. The company has also successfully renewed its credit facility, securing its position for the next two years.
For further insights into TSE:TF stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue