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    MPC — Madison Pacific Properties News Story

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    Canada's Madison Pacific Q1 net income rises on CRA interest recovery

    Picture of Madison Pacific Properties logoMadison Pacific Properties
    15/05/2026 24:39
    Overview

Canada real estate firm's Q1 net income rose yr/yr, aided by CRA interest recovery

Company's investment property portfolio grew to C$787 mln as of March 31, 2026

Leasing rates remain above 97% for industrial/commercial and multi-family properties

Outlook

Company did not provide specific guidance or outlook in the press release

Result Drivers

CRA INTEREST RECOVERY - Net income boosted by C$6.1 mln interest recovery from tax appeal settlement with Canada Revenue Agency

FAIR VALUE ADJUSTMENTS - Gains on fair value adjustment on interest rate swaps and investment properties contributed to results

Company press release: ID:nGNX3dQPNk

Key Details


    MetricBeat/MissActualConsensus Estimate
    Q1 Net IncomeC$11.30 mln
    

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)

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