Timbercreek Financial's Q3 net income falls

Timbercreek Financial

29/10/2025 21:14

Overview

Net income for Q3 declines to C$8.5 mln from C$14.1 mln last year

Net mortgage investment portfolio grows 3.6% yr/yr

Outlook

Timbercreek Financial sees strong Q4 2025 transaction pipeline with over C$200 mln in deals

Company increases revolving credit facility to C$600 mln, supporting portfolio growth

Focus on multi-family residential real estate expected to provide stable income

Result Drivers

CREDIT LOSSES - Co recorded an ECL of C$5.9 mln, impacting net income, with $3.0 mln related to a Calgary office asset in receivership

MORTGAGE PORTFOLIO - Net mortgage investment portfolio increased 3.6% yr/yr, but decreased from Q2 2025 due to a large repayment

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
C$0.10
Q3 Net Income
C$8.50 mln
Q3 Income from Operations
C$16 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the corporate financial services peer group is "buy"

Wall Street's median 12-month price target for Timbercreek Financial Corp is C$8.13, about 10.9% above its October 28 closing price of C$7.24

Press Release: ID:nGNX3ql6cj

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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.)