Builders Capital Mortgage Corp. (TSXV: BCF) saw a 31% increase in mortgage receivables to $43M in 2024, driven by Q4 bond financing. Revenue rose 11% YoY, though EPS held at $1.04 due to higher loan loss provisions. The MIC reduced risk with more first mortgages and fewer impaired loans (4.7%). Despite tariff threats, BCF’s 9.36% dividend yield and resilient portfolio position it well. Lower BoC rates may boost volumes, but a cautious stance persists due to economic uncertainties.
Builders Capital Mortgage Corp. (TSXV: BCF) achieved record Q2-2024 revenue, growing 3% year-over-year despite lower-than-expected mortgage advancements. However, earnings per share remained flat due to increased loan loss provisions. The company maintained its annual dividend of $0.80/share, yielding 8.9%. Notably, impaired mortgages decreased, improving the portfolio’s risk profile, while management increased loan loss allowances for conservatism. BCF is pursuing a $50M bond financing to suppo...
Builders Capital Mortgage Corp. (BCF) reported record revenue in Q1-2024, driven by higher lending rates. However, earnings per share (EPS) decreased slightly due to increased loan loss provisions. The company maintained its annual dividend at $0.80 per share, for a yield of 9.4%. BCF's portfolio risk profile appears to be lower due to a higher concentration of first mortgages and lower loan-to-value ratios (LTV). The company is seeking $50 million in bond financing to support its mortgage lend...
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....
Builders Capital Takes Advantage of Market Positioning to Improve ResultsCalgary, Alberta--(Newsfile Corp. - May 25, 2021) - Builders Capital Mortgage Corp. (TSXV: BCF) ("Builders Capital" or "the Company") announces that it has released its first quarter financial results for the period ending March 31, 2021. Highlights include:Current mortgage portfolio grew by 8.7% Total comprehensive income increased by 18.6% over Q1 2020 and 7.8% over the prior quarterAssets held for sale were reduced by 18.7% year-over-yearConsistent with our targeted distribution, dividends paid to Class A public shareh...
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