Timbercreek Financial Advances 228.9 Million Canadian Dollars in the Third Quarter: Net Mortgage Portfolio Up 15.4 Percent to 1,217.4 Million, Net Investment Income of 25.0 Million
Toronto, Canada — Timbercreek Financial announced its financial results for the three and nine months ended September 30, 2026, via GlobeNewswire on November 11, 2026. All figures are in Canadian dollars and are taken from the body of the company official results release.
The quarter saw strong originations, with 228.9 million dollars advanced in the quarter and 453.0 million dollars advanced year to date, bringing the net mortgage portfolio to 1,217.4 million dollars, up 15.4 percent year over year. Net investment income remained stable at 25.0 million dollars, compared with 25.4 million dollars in the third quarter of 2025.
Distributable income was 14.0 million dollars, or 0.17 dollars per share, compared with 14.1 million dollars, or 0.17 dollars per share, in the third quarter of 2025. The company declared a total of 14.3 million dollars in dividends to shareholders, or 0.17 dollars per share, representing a distributable income payout ratio of 101.9 percent, against 101.4 percent a year earlier.
The company recorded a net loss and comprehensive loss of 32.1 million dollars, or a basic loss per share of 0.39 dollars, compared with net income and comprehensive income of 8.5 million dollars, or basic earnings per share of 0.10 dollars, in the third quarter of 2025. The release also carried an update on staged loan resolutions. The company also released its third-quarter quarterly report, including a letter to shareholders, available on its website. All figures follow the body of the Timbercreek official results release, and media expectations were not used as a source.
Source: Timbercreek Financial
Published by GSM · USA (original Chinese edition)
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