Urbanfund Corp. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 26, 2021 at 10:03 pm
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Urbanfund Corp. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was CAD 1.564 million compared to CAD 1.277 million a year ago. Operating income was CAD 778,338 compared to CAD 723,286 a year ago. Net income was CAD 1.316 million compared to CAD 566,521 a year ago. Basic earnings per share from continuing operations was CAD 0.026 compared to CAD 0.012 a year ago. Diluted earnings per share from continuing operations was CAD 0.023 compared to CAD 0.01 a year ago. For the half year, total revenue was CAD 2.982 million compared to CAD 7.482 million a year ago. Operating income was CAD 1.355 million compared to CAD 2.701 million a year ago. Net income was CAD 2.743 million compared to CAD 2.320 million a year ago. Basic earnings per share from continuing operations was CAD 0.055 compared to CAD 0.048 a year ago. Diluted earnings per share from continuing operations was CAD 0.048 compared to CAD 0.042 a year ago.
Urbanfund Corp. is a Canada-based real estate development and operating company. The Company is focused on identifying, evaluating and investing in real estate or real estate related projects. The Company owns, develops and operates a real estate portfolio, which is focused on a mix of both residential and commercial properties. Its assets are located in Toronto, Belleville, Kitchener, London, and Brampton Ontario and in Montreal and Quebec City, Quebec and Dartmouth, Nova Scotia. Its portfolio includes One Bloor, 200 Van Horne Avenue, North Front Centre, Westborough Plaza and Edvac. Its 200 Van Horne Avenue is a rental building, which is located in Toronto, Ontario, and offers two-, three- and four-bedroom townhouse units. Its One Bloor is a multi-use complex that is located in Toronto, Ontario. Its North Front Centre is a commercial and retail building that is located in Belleville, Ontario. Its Westborough Plaza is a commercial and retail building that is located in London, Ontario.
URBANFUND CORP. 
