Timbercreek Financial (TSE:TF) Issues Earnings Results

Timbercreek Financial (TSE:TF) announced its quarterly earnings results on Wednesday. The company reported C$0.18 EPS for the quarter, FiscalAI reports. The company had revenue of C$34.86 million during the quarter. Timbercreek Financial had a return on equity of 4.48% and a net margin of 20.62%.

Timbercreek Financial Stock Down 0.8%

Shares of TSE:TF opened at C$6.23 on Thursday. The stock has a 50-day simple moving average of C$6.49 and a 200-day simple moving average of C$6.73. The stock has a market capitalization of C$515.55 million, a P/E ratio of 16.84 and a beta of 0.82. Timbercreek Financial has a 1 year low of C$6.08 and a 1 year high of C$7.98. The company has a debt-to-equity ratio of 214.06, a quick ratio of 145.00 and a current ratio of 0.20.

Timbercreek Financial Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.0575 per share. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. Timbercreek Financial’s payout ratio is presently 186.49%.

Timbercreek Financial Company Profile

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada. The company’s strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.