Urbanfund Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 24, 2023
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Urbanfund Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 2.21 million compared to CAD 2.16 million a year ago. Net income was CAD 1.06 million compared to CAD 0.662847 million a year ago. Basic earnings per share from continuing operations was CAD 0.02 compared to CAD 0.013 a year ago. Diluted earnings per share from continuing operations was CAD 0.018 compared to CAD 0.011 a year ago.
For the six months, sales was CAD 4.28 million compared to CAD 4.14 million a year ago. Net income was CAD 2.28 million compared to CAD 1.51 million a year ago. Basic earnings per share from continuing operations was CAD 0.044 compared to CAD 0.029 a year ago. Diluted earnings per share from continuing operations was CAD 0.038 compared to CAD 0.026 a year ago.
Urbanfund Corp. is a Canada-based real estate development and operating company. The Company is focused on identifying, evaluating and investing in real estate or real estate related projects. The Company owns, develops and operates a real estate portfolio, which is focused on a mix of both residential and commercial properties. Its assets are located in Toronto, Belleville, Kitchener, London, and Brampton Ontario and in Montreal and Quebec City, Quebec and Dartmouth, Nova Scotia. Its portfolio includes One Bloor, 200 Van Horne Avenue, North Front Centre, Westborough Plaza and Edvac. Its 200 Van Horne Avenue is a rental building, which is located in Toronto, Ontario, and offers two-, three- and four-bedroom townhouse units. Its One Bloor is a multi-use complex that is located in Toronto, Ontario. Its North Front Centre is a commercial and retail building that is located in Belleville, Ontario. Its Westborough Plaza is a commercial and retail building that is located in London, Ontario.
URBANFUND CORP. 