Canada's Timbercreek Financial posts Q4 net loss

Timbercreek Financial

25/02/2026 22:11

Overview

Canada real estate lender's Q4 net investment income fell, with a net loss reported

Net mortgage portfolio grew 13.7% yr/yr to C$1.24 bln

Company declared C$14.3 mln in dividends, maintaining payout ratio on distributable income

Outlook

Timbercreek expects funding momentum to continue in Q1 2026 with multi-family opportunities

Company anticipates disposing of legacy loans and redeploying capital into new investments

Timbercreek aims to maintain full-year payout ratio within targeted range

Result Drivers

MORTGAGE ORIGINATIONS - Co advanced C$333.9 mln in new and existing net mortgages, boosting net mortgage portfolio by 13.7% yr/yr

INTEREST RATE FLOORS - Co's high percentage of variable rate loans with interest rate floors helped stabilize WAIR amid prime rate cuts

EXPECTED CREDIT LOSSES - Co reported C$8.3 mln in expected credit losses, impacting net income

Company press release: ID:nGNX1SG3wQ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-C$0.01
Q4 Net Income
-C$1.10 mln
Q4 Income from Operations
C$6.80 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.)