(millions, except per share amounts) | Year Ended | |||||
Revenue | ||||||
Net income | - total | 10.67 | 7.25 | |||
- for shareholders | 9.57 | 7.10 | ||||
Earnings per common share | 6.68 | ¢ | 4.76 | ¢ | ||
Given the deterioration over the past two years in the outlook for low-rise commercial office space, Halmont completed the sale of a third office property in 2022. We have also entered a sale agreement to sell a fourth property, which is currently scheduled to close in
The completion of these property sales will generate approximately
Fortunately, at the current time we are uniquely positioned to increase our investments in the forestry sector by subscribing for additional shares of
The diluted book value of each common share increased to 71¢ at
This news release includes certain forward-looking statements including management’s assessment of the Company’s future plans and operations based on current views and expectations. All statements other than statements of historic facts are forward looking statements. These statements contain substantial known and unknown risks and uncertainties, some of which are beyond the Company’s control. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements. Readers should not place undue reliance on these forward-looking statements which represent estimates and assumptions only as of the date on which such statements are made. The Company undertakes no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.
For additional information:
Heather M. Fitzpatrick
President l T: 647-448-7147
Source:
2023 GlobeNewswire, Inc., source