Madison Pacific Properties Inc. reported earnings results for the quarter ended November 30, 2017. For the quarter, the company reported net income of $10.0 million against $11.4 million a year ago. Cash flows from operating activities before changes in non-cash operating balances was $3.6 million against $3.4 million a year ago. Income per share was $0.17 against $0.19 a year ago. Included in net income is an after-tax net gain from the fair value adjustment on investment properties of $7.1 million against $4.5 million a year ago.