Urbanfund Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 25, 2022 at 10:06 pm
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Urbanfund Corp. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 2.18 million compared to CAD 1.63 million a year ago. Revenue was CAD 4.36 million compared to CAD 3.25 million a year ago. Net income was CAD 0.735796 million compared to CAD 2.3 million a year ago. Basic earnings per share from continuing operations was CAD 0.014 compared to CAD 0.045 a year ago. Diluted earnings per share from continuing operations was CAD 0.012 compared to CAD 0.04 a year ago.
For the nine months, sales was CAD 6.32 million compared to CAD 4.61 million a year ago. Revenue was CAD 12.63 million compared to CAD 9.22 million a year ago. Net income was CAD 2.25 million compared to CAD 5.04 million a year ago. Basic earnings per share from continuing operations was CAD 0.044 compared to CAD 0.1 a year ago. Diluted earnings per share from continuing operations was CAD 0.038 compared to CAD 0.087 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. 
