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An update from Timbercreek Financial ( (TSE:TF) ) is now available.
Timbercreek Financial reported significant growth in its net mortgage investment portfolio, increasing by $143.6 million to $1,089.8 million by the end of Q4 2024, driven by a favorable market environment and reduced interest rates. The company maintained strong distributable income and declared dividends, with a healthy payout ratio and a yield premium over Canadian bonds. Despite challenges in the Calgary office market, Timbercreek Financial continues to stabilize assets and expects robust transaction volumes and income growth in 2025.
More about Timbercreek Financial
Timbercreek Financial operates in the financial services industry, focusing on mortgage investment and real estate financing. The company is known for its net mortgage investment portfolio and offers stable monthly dividends, positioning itself as a key player in the commercial real estate market.
YTD Price Performance: -4.42%
Average Trading Volume: 199,793
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$556.2M
For an in-depth examination of TF stock, go to TipRanks’ Stock Analysis page.