Timbercreek Financial (TSE:TF) Announces Earnings Results

Timbercreek Financial (TSE:TF) issued its earnings results on Wednesday. The company reported C$0.18 earnings per share for the quarter, FiscalAI reports. Timbercreek Financial had a return on equity of 4.48% and a net margin of 20.62%.The business had revenue of C$34.86 million during the quarter.

Timbercreek Financial Stock Down 0.8%

Shares of TF stock traded down C$0.05 on Wednesday, hitting C$6.23. The stock had a trading volume of 169,454 shares, compared to its average volume of 215,210. Timbercreek Financial has a one year low of C$6.08 and a one year high of C$7.98. The business has a 50 day moving average price of C$6.50 and a 200 day moving average price of C$6.74. The company has a market cap of C$515.55 million, a PE ratio of 16.84 and a beta of 0.82. The company has a quick ratio of 145.00, a current ratio of 0.20 and a debt-to-equity ratio of 214.06.

Timbercreek Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a $0.0575 dividend. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date was Friday, May 29th. Timbercreek Financial’s payout ratio is presently 186.49%.

Timbercreek Financial Company Profile

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada. The company’s strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.