Canada's Halmont Properties Q1 revenue rises on improved forest property income
Canada's Halmont Properties Q1 revenue rises on improved forest property income
Overview
The Canadian real asset investor's Q1 revenue rose slightly, net income dipped marginally yr/yr
Income from forest property investments increased about 30% from prior year period
Company completed $15 mln investment in Macer Forest Holdings, boosting Acadian Timber stake
Outlook
Company did not provide specific guidance or forecasts for future quarters or full yr
Result Drivers
FOREST PROPERTY INCOME - Income from forest property investments increased about 30% yr/yr
ADDITIONAL INVESTMENTS - Co completed $15 mln investment in Macer Forest Holdings, raising indirect Acadian Timber stake to about 19.3%
Company press release: ID:nGNX9YmdqK
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Net Income |
| C$4.80 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)