Urbanfund Corp. Engages in $3 Million Loan Agreement with Westdale

Urbanfund ( (TSE:UFC) ) has issued an announcement.

Urbanfund Corp. has announced a loan agreement with Westdale Construction Co. Limited, a related party, for a principal amount of $3 million, repayable by July 29, 2025, at an interest rate of 5.95% per annum. The transaction is exempt from certain regulatory requirements due to its nature and the company’s market capitalization, indicating a strategic financial maneuver within its operations, potentially impacting its financial positioning and stakeholder relations.

Spark’s Take on TSE:UFC Stock

According to Spark, TipRanks’ AI Analyst, TSE:UFC is a Neutral.

Urbanfund’s stock score of 64 reflects its strong financial performance and attractive valuation, which are somewhat offset by mixed technical signals. The company’s solid profitability and cash generation are notable strengths, though historical volatility in revenue and potential leverage risks warrant caution. The stock’s undervaluation and high dividend yield provide additional appeal, especially for value and income investors.

To see Spark’s full report on TSE:UFC stock, click here.

More about Urbanfund

Urbanfund is a Toronto-based real estate development and operating company listed on the TSX Venture Exchange under the symbol UFC. The company focuses on identifying, evaluating, and investing in real estate or real estate-related projects, with assets located in various cities across Ontario, Quebec, and Nova Scotia.

YTD Price Performance: -3.61%

Average Trading Volume: 2,894

Technical Sentiment Signal: Buy

Current Market Cap: C$42.97M

See more insights into UFC stock on TipRanks’ Stock Analysis page.