HomeMortgage2022-08-24 | TSXV:BCF | Press Release

2022-08-24 | TSXV:BCF | Press Release

Strong Mortgage Portfolio Drives Increased Profits

Calgary, Alberta–(Newsfile Corp. – August 24, 2022) – Builders Capital Mortgage Corp. (TSXV: BCF) (“Builders Capital” or “the Company”) announced today the release of its second quarter financial results for the period ending June 30, 2022.

Highlights include:

  • Consistent with our targeted distribution, dividends of $0.1995 per share were paid to Class A public shareholders representing an 8% annualized return on the original $10.00 issue price for the thirty-fourth consecutive quarter since inception.
  • Total comprehensive income grew to $695,000, up 18% year-over-year.
  • Earnings per share increased to $0.24, up 26% year-over-year.
  • Assets held for sale were successfully reduced by 51.9% and now represent only 4.6% of shareholders’ equity.
  • Geographic diversity of our portfolio was further enhanced with continued growth…

Read more at stockhouse.com

RELATED ARTICLES
- Advertisment -

Most Popular