Yorkton Equity Group Inc (TSE:YEG) has released an update.
Yorkton Equity Group Inc. has reported a prosperous 2023 fiscal year, with a 150% rise in residential rental revenue to $6.8 million and a significant increase in net income to $3.4 million. The growth is attributed to both organic improvements in operations and strategic property acquisitions in Edmonton, Alberta, enhancing the company’s position in the flourishing multi-family rental market. Yorkton plans to continue its expansion strategy into 2024, building on a robust portfolio that includes 518 residential units and commercial space.
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