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Timbercreek Financial (TSE:TF)
:TF
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.16Last Year’s EPS
0.18Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: -12.53%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a cautious optimism with stable financial performance and a positive outlook for market recovery and portfolio growth. However, challenges such as reduced transaction volume and lower portfolio balances were noted. Management expressed confidence in leveraging future market conditions for continued growth.Company Guidance
During Timbercreek Financial's Q3 2024 earnings call, management provided guidance highlighting several key financial metrics. The company reported a net investment income of $25.4 million and net income of $14.1 million for the quarter. Distributable income was stated at $0.18 per share, with a payout ratio of 95%. The current book value per share was reported as $8.42, surpassing the weighted average trading price during Q3. Portfolio metrics were largely stable, with 83.2% of investments in cash flow-generating properties and first mortgages accounting for 87.1% of the portfolio. The weighted average loan-to-value (LTV) increased slightly to 63.8%, while the portfolio's weighted average interest rate decreased to 9.3% from 9.8% in Q2, reflecting the Bank of Canada's 75-basis point policy rate cut. Timbercreek's loan portfolio grew by $14 million over Q2, with $106 million in new mortgage investments and $82.7 million in repayments, reflecting a turnover ratio of 8.4%. Management expressed optimism for continued growth in transaction volumes in 2025, with expectations for further rate cuts to enhance market conditions and financing opportunities.Stable Cash Flows and Dividends
Timbercreek Financial reported stable cash flows and dividends despite reduced transaction volume in the commercial real estate market. Net investment income was $25.4 million, and Q3 net income was $14.1 million with distributable income of $0.18 per share.
Portfolio Growth
The overall portfolio of loan investments increased in each of the first three quarters of 2024, growing by more than $70 million year-to-date.
Positive Market Outlook
Anticipation of further rate cuts by the Bank of Canada is expected to strengthen market conditions, driving increased financing opportunities.
Successful Capital Deployment
In Q3, $106 million was advanced in new mortgage investments, resulting in a net portfolio growth of about $14 million over Q2.
Decreased Interest Expenses
Interest expenses decreased by 22% compared to the previous year due to lower credit utilization.
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TSE:TF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | C$8.06 | C$7.46 | -7.44% |
| Jul 31, 2024 | C$7.37 | C$7.39 | +0.27% |
| May 06, 2024 | C$7.23 | C$7.09 | -1.94% |
| Feb 26, 2024 | C$6.57 | C$7.03 | +7.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Timbercreek Financial (TSE:TF) report earnings?
Timbercreek Financial (TSE:TF) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Timbercreek Financial (TSE:TF) earnings time?
Timbercreek Financial (TSE:TF) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TF EPS forecast?
TSE:TF EPS forecast for the fiscal quarter 2024 (Q4) is 0.16.
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