Builders Capital Mortgage (TSE:BCF) has released an update.
Builders Capital Mortgage Corp. reported a solid first quarter in 2024 with an 8.71% revenue increase and consistent earnings per share at $0.26. Shareholders saw returns met, with Class A shareholders receiving $0.20 per share and Class B shareholders benefiting from a $0.40 per share distribution, marking an annualized 16% return. The company is adjusting its strategic focus due to market conditions, shifting more loan activity back to Alberta from BC.
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