tiprankstipranks
Timbercreek Financial Reports Strong Fiscal Year
Company Announcements

Timbercreek Financial Reports Strong Fiscal Year

Timbercreek Financial (TSE:TF) has released an update.

Don't Miss Our Christmas Offers:

Timbercreek Financial reported a successful fiscal year with a record net investment income of $124.2 million, an increase in net income to $66.4 million, and a rise in distributable income to $70.4 million, leading to a special dividend announcement. Despite a challenging real estate cycle, the company managed to increase its shareholders’ equity to $701.1 million and anticipates a positive investment environment in 2024. The fourth quarter also saw strong performance, with net investment income reaching $29.7 million and a strategic approach to new lending and portfolio management.

For further insights into TSE:TF stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskTimbercreek Financial Announces Dividend and Reinvestment Plan
TipRanks Canadian Auto-Generated NewsdeskTimbercreek Financial Reports Modest Portfolio Growth
Brian AndersonTF Upcoming Earnings Report: What to Expect?
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App