Yorkton Equity Group Inc. (TSXV:YEG) delivered record 2024 results, with revenue up 38% to $9.4M and EPS soaring 91% to $0.06, beating estimates due to strong rent growth and $8M in property valuation gains. Owning $135M in real estate, including 518 residential units, YEG is poised for 3.5% property value growth in 2025, fueled by 3-4% rent increases in Alberta and B.C. Lower BoC rates and tight housing supply signal cap rate compression, boosting valuations. YEG trades at a 25% discount to pee...
Yorkton Equity Group Inc. (TSXV: YEG) reported strong Q3-2024 results, with revenue up 31% YoY and EBITDA rising 34% YoY, driven by property acquisitions. Net income surged from $2K (EPS: $0.00) to $1.19M (EPS: $0.01), though revenue and EPS were slightly below estimates. YEG’s portfolio, valued at $130M, includes 10 residential projects (518 units) and one commercial property, with valuations up 1% QoQ due to rising rents and lower cap rates. The Canadian multi-family market remains favorable, ...
Yorkton Equity Group Inc. (TSXV: YEG) has seen an 18% rise in stock price since June 2024, with Q2 revenue and EBITDA showing significant growth, driven primarily by property acquisitions. Revenue increased by 36% YoY, and EBITDA grew by 58% YoY. The company turned positive on EPS, though higher interest expenses led to a slight miss on estimates. YEG owns $128M in real estate, with higher valuations driven by improved residential rents and occupancy rates. As interest rates continue to decrease...
We are resuming coverage on YEG. YEG operates a portfolio of multifamily residential properties in B.C. and AB, generating stable cash flows. Management has 30+ years in property management, construction, land development, leasing, and brokering. B.C. is the most expensive province for rental housing in Canada, while AB reported the fastest rent growth last year. We maintain a positive outlook on the Canadian multi-family residential market, buoyed by strong rental demand, elevated property pric...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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