Revenue and income from the rental apartment operations increased due to acquisitions of investment properties in the prior year, a decrease in vacancy rates, and increased rents on tenant turnover. Revenues and earnings from the Company's hotels increased due to higher occupancy and average daily rates. Revenues from the Company's development operations decreased due to fewer condominium sales
Three months ended | Year ended | ||||
Statements of Earnings | 2024 | 2023 | 2024 | 2023 | |
Total revenue and other income | $ 33,273,854 | $ 30,920,469 | $ 156,449,544 | $ 144,726,718 | |
Net earnings attributable to shareholders of the Company | 551,495 | 1,659,786 | 22,233,339 | 48,206,620 | |
Earnings per share (diluted and non-diluted) | 0.02 | 0.05 | 0.69 | 1.49 | |
Statements of Financial Position | |||||
Total assets | $ 896,277,758 | $ 874,728,957 | |||
Total non-current liabilities | 344,969,288 | 351,635,100 | |||
Dividends paid | 97,360,095 | - | |||
Dividends paid per share | 3.00 | - | |||
The above unaudited financial information, including comparative information, is expressed in Canadian dollars and has been prepared in accordance with International Financial Reporting Standards, using the same accounting policies and methods of application as described in notes 2 and 3 of the Company's audited consolidated financial statements for the years ended
SOURCE
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