Significant Increase in Net Margin
The company's third quarter results for core operating business showed a net margin of $24.1 million, up from $9.8 million in the prior year.
Asset Management Growth
Asset Management division generated revenue and net margin of $14.5 million and $11 million respectively, with a significant increase in assets under management, expecting to exceed $30 billion by the end of 2026.
Western Canada Development Progress
Achieved 137 lot sales, 13-acre sales, and 34 housing occupancies. Sales commitments of $275 million to be recognized between 2025 and 2027, up by $71 million from the last quarter.
Income Properties Performance
Income properties generated revenue and NOI of $13.1 million and $6.5 million, respectively, compared to $11.1 million and $4.9 million in the comparative period.
Liquidity and Debt Position
Ended the quarter with $328 million of liquidity and very modest near-term debt maturities, positioning well for the remainder of the year and going into 2026.