Madison Pacific Cl B ( (TSE:MPC) ) has issued an announcement.
Madison Pacific Properties Inc. reported a net income of $5.1 million for the four months ended December 31, 2024, marking a significant turnaround from a net loss of $44.2 million for the year ended August 31, 2024. This improvement is attributed to gains in the fair value of investment properties and reduced losses on interest rate swaps. The company’s portfolio remains robust, with high occupancy rates in both industrial and commercial spaces and multi-family residential properties, indicating strong market positioning and operational stability.
More about Madison Pacific Cl B
Madison Pacific Properties Inc. is a Vancouver-based real estate company that focuses on industrial and commercial properties, as well as multi-family rental properties. The company owns a significant investment portfolio comprising 55 properties with approximately 1.9 million rentable square feet and a 50% interest in seven multi-family rental properties. Additionally, it holds a 50% interest in development lands in Mission, British Columbia.
YTD Price Performance: -2.39%
Average Trading Volume: 1,699
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$260.1M
For a thorough assessment of MPC stock, go to TipRanks’ Stock Analysis page.