Latest news with #TimbercreekFinancial
Toronto Star
20 hours ago
- Business
- Toronto Star
Timbercreek Financial Announces 2025 Second Quarter Results
TORONTO, July 30, 2025 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the 'Company') announced today its financial results for the three and six months ended June 30, 2025 ('Q2 2025'). Q2 2025 Highlights1
Hamilton Spectator
20 hours ago
- Business
- Hamilton Spectator
Timbercreek Financial Announces 2025 Second Quarter Results
TORONTO, July 30, 2025 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the 'Company') announced today its financial results for the three and six months ended June 30, 2025 ('Q2 2025'). Q2 2025 Highlights1 'The second quarter delivered solid performance across most key metrics,' said Blair Tamblyn, CEO of Timbercreek Financial. 'Despite ongoing tariff-related macro volatility, commercial real estate conditions are positive in our key segments, and this is reflected in our growing portfolio and pipeline. Rates have stabilized in a more typical range, creating a positive backdrop as we look to further portfolio expansion. We're also pleased with the progress on our remaining staged loans, which is freeing up capital for new, higher-yielding investments.' Quarterly Comparison Quarterly Conference Call Interested parties are invited to participate in a conference call with management on Thursday, July 31, 2025 at 1:00 p.m. (ET) which will be followed by a question and answer period with analysts. To join the Zoom Webinar: If you are a Guest, please click the link below to join: Speakers will receive a separate link to the Webinar. The playback of the conference call will also be available on following the call. About the Company Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors. Further information is available on our website, . Non-IFRS Measures The Company prepares and releases financial statements in accordance with IFRS. As a complement to results provided in accordance with IFRS, the Company discloses certain financial measures not recognized under IFRS and that do not have standard meanings prescribed by IFRS (collectively the 'non-IFRS measures'). These non-IFRS measures are further described in Management's Discussion and Analysis ('MD&A') available on SEDAR+. Certain non-IFRS measures relating to net mortgages have been shown below. The Company has presented such non-IFRS measures because the Manager believes they are relevant measures of the Company's ability to earn and distribute cash dividends to shareholders and to evaluate its performance. The following non-IFRS financial measures should not be construed as alternatives to total net income and comprehensive income or cash flows from operating activities as determined in accordance with IFRS as indicators of the Company's performance. Certain statements contained in this news release may contain projections and 'forward looking statements' within the meaning of that phrase under Canadian securities laws. When used in this news release, the words 'may', 'would', 'should', 'could', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect', 'objective' and similar expressions may be used to identify forward looking statements. By their nature, forward looking statements reflect the Company's current views, beliefs, assumptions and intentions and are subject to certain risks and uncertainties, known and unknown, including, without limitation, those risks disclosed in the Company's public filings. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by these forward looking statements. The Company does not intend to nor assumes any obligation to update these forward looking statements whether as a result of new information, plans, events or otherwise, unless required by law. Net mortgage investments (In thousands of Canadian dollars, except units, per unit amounts and where otherwise noted) The Company's exposure to the financial returns is related to the net mortgage investments as mortgage syndication liabilities are non-recourse mortgages with periodic variance having no impact on Company's financial performance. Reconciliation of gross and net mortgage investments balance is as follows: Enhanced return portfolio Real estate held for sale, net of collateral liability SOURCE: Timbercreek Financial For further information, please contact: Timbercreek Financial Blair Tamblyn, CEO Tracy Johnston, CFO 416-923-9967
Yahoo
22-07-2025
- Business
- Yahoo
Timbercreek Financial Declares July 2025 Dividend
Timbercreek Financial TORONTO, July 22, 2025 (GLOBE NEWSWIRE) -- Timbercreek Financial (TSX: TF) (the 'Company') is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share ('Common Share') of the Company to be paid on August 15, 2025 to holders of Common Shares of record on July 31, 2025. The Company also offers a Dividend Reinvestment Plan (the 'Plan'), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees. Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Shares will be acquired in the open market at prevailing prices or issued from treasury at 98 percent of the average market price (the 'Average Market Price') for the five trading day period ending on the third business day immediately prior to the dividend payment date (the 'Trading Period'). Common Shares acquired under the Plan will be automatically enrolled in the Plan. Shareholders who hold their Common Shares through a broker, financial institution or other nominee must enroll for distribution reinvestment through their nominee holder. The full text of the Plan can be obtained on the Company's website at About Timbercreek Financial Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while targeting strong risk-adjusted returns for investors. CONTACT: Timbercreek Financial R. Blair Tamblyn Chief Executive Officer btamblyn@ .
Globe and Mail
22-07-2025
- Business
- Globe and Mail
Timbercreek Financial Declares July 2025 Dividend
TORONTO, July 22, 2025 (GLOBE NEWSWIRE) -- Timbercreek Financial (TSX: TF) (the 'Company') is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share ('Common Share') of the Company to be paid on August 15, 2025 to holders of Common Shares of record on July 31, 2025. The Company also offers a Dividend Reinvestment Plan (the 'Plan'), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees. Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Shares will be acquired in the open market at prevailing prices or issued from treasury at 98 percent of the average market price (the 'Average Market Price') for the five trading day period ending on the third business day immediately prior to the dividend payment date (the 'Trading Period'). Common Shares acquired under the Plan will be automatically enrolled in the Plan. Shareholders who hold their Common Shares through a broker, financial institution or other nominee must enroll for distribution reinvestment through their nominee holder. The full text of the Plan can be obtained on the Company's website at About Timbercreek Financial Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while targeting strong risk-adjusted returns for investors.
Yahoo
15-07-2025
- Business
- Yahoo
The 8.97% Monthly Dividend That Beats Every GIC Rate
Written by Puja Tayal at The Motley Fool Canada The Bank of Canada has been slashing interest rates at a lightning speed, from 5% in April 2024 to 2.75% in April 2025. No more rate cuts are likely in the short term unless unemployment increases. Lower interest rates will slowly seep into the economy and reduce Guaranteed Investment Certificate (GIC) rates. The highest GIC rate you can get right now is 4% for a two-year tenure. When interest rates were rising, GIC was an attractive investment. However, it is time to switch to alternatives that can beat every GIC rate, and dividend stocks are a good option. A bank uses GIC to give loans to individuals and corporations with high credit scores. Timbercreek Financial (TSX:TF) uses the lending business model to give short-term mortgages to income-generating real estate investment trusts (REITs). The lender gives $0.69 in dividends per share per year from its distributable income. This distributable income is the cash flow left after deducting the effect of amortization, accretion, unrealized fair-value adjustments, expected credit loss, and unrealized gain or loss from total net income and comprehensive income. Timbercreek paid 92.8% of the distributable income in the first quarter. While the payout ratio has increased, it is sustainable as lending activity increases. Timbercreek Financial enjoyed high interest income in 2023 when interest rates were at 5%. However, such high borrowing costs slowed lending activity and pushed a few loans to Stage 3 recovery. Many REITs repaid loans and paused new developments until borrowing became affordable. The lender expected an uptick in new loans as interest rate cuts began in 2024, but it took a while as REITs waited for further rate cuts. If you invest $10,000 in a two-year GIC offering 4% interest compounding quarterly, you will get $10,828.57 on maturity. If you invest the same amount in Timbercreek Financial, you can buy 1,299 shares, which will pay a monthly dividend of $74.69. That converts to $896.31 per year and $1,792.62 over two years. Timbercreek Financial can pay you $964.05 more than GIC. The lender also gives you a dividend-reinvestment plan (DRIP) in which it will automatically buy more units of Timbercreek and compound your returns. However, this premium comes with a higher risk. Unlike GIC, where deposits up to $100,000 are insured by the Canada Deposit Insurance Corporation (CDIC), the $10,000 invested in Timbercreek Financial is subject to share price volatility. Timbercreek Financial has been paying regular monthly dividends for the last nine years and is showing no signs of warning of any dividend cuts. In the worst-case scenario, Timbercreek Financial may see a larger number of loans going into Stage 3 and may slash dividends by 30 or 40% to $0.4414. That will reduce the dividend yield to 5.37%, still above the GIC interest rate. The bigger risk could be a 20% decline in share price. If invested with caution, Timbercreek can be considered an alternative to a two-year GIC to earn higher income. You could diversify investments across GIC, Timbercreek Financial, and other stocks according to your risk appetite. The end objective of portfolio diversification is to mitigate risk and enhance returns. The post The 8.97% Monthly Dividend That Beats Every GIC Rate appeared first on The Motley Fool Canada. Before you put a single dollar into the stock market, we think you'll want to hear this. Our S&P/TSX market beating* Stock Advisor Canada team just released their Top Stocks for 2025 and Beyond that we believe could supercharge any portfolio. Want to see what made our list? Get started with Stock Advisor Canada today to receive all of our Top Stocks, a fully stocked treasure trove of industry reports, two brand-new stock recommendations every month, and much more. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
