Madison Pacific Cl B (MPC) AI Stock Analysis

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Madison Pacific Cl B

(TSX:MPC)

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Rating:54Neutral

Price Target:CAD 5.00▲(5.37% Upside)

Action:reiterated

Date:08/26/26

The score is primarily held back by volatile profitability and relatively weak cash-flow coverage of debt, despite solid revenue momentum and moderate leverage. Technical indicators also point to weak near-term momentum, while valuation appears reasonable and the latest corporate update is supportive due to strong occupancy and continued dividends.

Positive Factors

Revenue GrowthSteady multi-year revenue growth, accelerating to approximately 35% in 2025, indicates continued expansion of the company’s operating base. Sustained top-line momentum can support recurring rental income, improve the ability to absorb fixed costs, and provide a foundation for future cash generation.

Negative Factors

Volatile ProfitabilityThe sharp swing from a large 2024 loss to strong 2025 profitability makes earnings power difficult to forecast. Such volatility reduces confidence that reported profits will persist, complicates capital planning, and increases the risk that future results diverge materially from recent headline performance.

Madison Pacific Cl B (MPC) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 285.42M
Dividend Yield: 2.26%
Average Volume (3M): 1,973
Price to Earnings (P/E): 12.7
Beta (1Y): 0.23
Revenue Growth: 5.29%
EPS Growth: 34.49%
Country: Canada
Employees: 12
Sector: Real Estate
Sector Strength: 65
Industry: Real Estate - Development

Madison Pacific Cl B Business Overview & Revenue Model

Company Description

Madison Pacific Properties Inc. invests in, develops, owns, and operates real estate properties in Canada. The company’s property portfolio comprises industrial, commercial, multi family, retail and office rental properties. It also provides property...

Madison Pacific Cl B Financial Statement Overview

Summary

Top-line momentum is strong (including ~35% growth in 2025), but profitability is uneven with a major swing from loss in 2024 to profit in 2025 and signs of non-recurring/fair-value effects. Balance sheet leverage is moderate (~0.7–0.9x debt-to-equity), yet cash flow coverage of debt is thin (operating cash flow only ~13% of debt in 2024–2025), limiting flexibility.

Income Statement

63Positive

Balance Sheet

62Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Aug 2024	Aug 2023	Aug 2022	Aug 2021
Income Statement
Total Revenue	46.79M	45.82M	44.49M	40.47M	37.39M	32.79M
Gross Profit	31.44M	29.59M	31.45M	27.50M	26.20M	23.39M
EBITDA	61.43M	55.90M	25.97M	36.81M	90.28M	72.65M
Net Income	31.29M	26.15M	-44.13M	18.62M	63.30M	50.29M
Balance Sheet
Total Assets	869.72M	850.60M	795.45M	853.35M	842.15M	741.34M
Cash, Cash Equivalents and Short-Term Investments	9.23M	16.68M	14.63M	45.16M	41.96M	42.25M
Total Debt	356.08M	347.45M	302.91M	308.78M	310.46M	280.05M
Total Liabilities	430.15M	418.66M	371.73M	377.78M	379.04M	342.19M
Stockholders Equity	424.30M	406.47M	411.95M	462.69M	450.31M	388.01M
Cash Flow
Free Cash Flow	16.00M	14.85M	14.68M	4.63M	9.32M	8.10M
Operating Cash Flow	16.46M	14.85M	14.68M	5.84M	10.89M	9.55M
Investing Cash Flow	-32.16M	-15.43M	3.62M	11.27M	-32.14M	-22.79M
Financing Cash Flow	-6.77M	855.00K	-12.62M	-13.91M	20.96M	-15.96M

Madison Pacific Cl B Technical Analysis

Technical Analysis SentimentNegative

Last Price4.75

Price Trends

50DMA4.81Negative

100DMA4.82Negative

200DMA4.87Negative

Market Momentum

MACD0.03Positive

RSI43.59Neutral

STOCH66.03Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MPC, the sentiment is Negative. The current price of 4.75 is below the 20-day moving average (MA) of 4.83, below the 50-day MA of 4.81, and below the 200-day MA of 4.87, indicating a bearish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 43.59 is Neutral, neither overbought nor oversold. The STOCH value of 66.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MPC.

Madison Pacific Cl B Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

TSE:MPC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSE:PKT	70Outperform	CAD 106.40M	7.88	8.51%	―	-15.23%	0.74%
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
TSE:IEI	65Neutral	CAD 43.00M	8.84	3.54%	2.08%	-0.76%	-20.95%
TSE:BRE	55Neutral	CAD 21.91M	9.24	-2.50%	58.44%	-6.17%	―
TSE:MPC	54Neutral	CAD 264.17M	12.71	5.68%	2.26%	5.29%	34.49%
TSE:IVQ	42Neutral	CAD 112.37M	-2.31	-40.58%	―	-92.36%	80.14%
TSE:TRBE	35Underperform	CAD 7.00M	-1.56	-101.91%	―	0.89%	33.06%

* Real Estate Sector Average

Performance Comparison

TSE:MPC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:MPC	Madison Pacific Cl B	4.75	-0.39	-7.67%
TSE:IEI	Imperial Equities	4.55	1.22	36.80%
TSE:PKT	Parkit Enterprise	7.73	-0.22	-2.77%
TSE:BRE	Bridgemarq Real Estate Services, Inc.	2.31	-10.39	-81.81%
TSE:IVQ	Invesque (OTC)	0.14	0.01	8.00%
TSE:TRBE	Tribe Property Technologies Inc	0.14	-0.22	-61.11%

Madison Pacific Cl B Corporate Events

Business Operations and StrategyDividendsFinancial Disclosures

Madison Pacific Properties Posts Lower Profit but Maintains Strong Occupancy and Declares Dividend

Positive

Aug 13, 2026

Madison Pacific Properties Inc., a Vancouver-based real estate owner and developer, reported net income of $16.0 million for the six months ended June 30, 2026, down from $22.4 million a year earlier, mainly due to a smaller fair value gain on invest...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 26, 2026

Madison Pacific Cl B AI Stock Analysis

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