Timbercreek Financial Q2 FY26 net income drops 36.88% to CAD 7.8 million; revenue falls 1.19% to CAD 24.9 million
Reuters2026/07/29 21:21- Timbercreek Financial posted IFRS net income of CAD 7.8 million, down 36.99% year over year; EPS fell to CAD 0.09 from CAD 0.15.
- Net investment income slipped 1.19% to CAD 24.9 million; expected credit losses widened to CAD 6.7 million from CAD 2.1 million.
- Distributable income held at CAD 14.6 million, or CAD 0.18 per share; dividends declared totaled CAD 14.3 million, or CAD 0.17 per share.
- Net mortgage investments rose 2.68% to CAD 1.14 billion year over year; the weighted average interest rate eased to 7.6% from 8.6%.
- Stage 3 mortgage investments, net of expected credit losses, fell about CAD 28.1 million in the quarter; management flagged strong origination momentum into 2H 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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