Halmont Properties Corporation First Quarter Results
May 30 2019 - 6:57PM
HALMONT PROPERTIES CORPORATION (TSX-V: HMT)
announced today that net income to common shareholders for the
three months ended March 31, 2019 was $626,000 as compared to net
income of $ 486,000 for the three months ended March 31, 2018.
|
|
Three months ended |
(in
millions) |
|
March 31, 2019 |
|
March 31, 2018 |
|
|
|
|
|
|
|
Revenue |
|
$1,928 |
|
$1,535 |
|
|
|
|
|
|
|
Net income |
– total |
|
771 |
|
|
613 |
|
|
– for common shareholders |
|
626 |
|
|
486 |
|
|
|
|
|
|
|
Net income
per share for common shareholders |
|
0.57 |
¢ |
|
0.47 |
¢ |
Subsequent to March 31, 2019, Halmont purchased
a commercial office building located at 401 Yonge Street in
Toronto, Ontario for $19.75 million.
The book value of each common share, based on
the Company’s December 31, 2018 IFRS appraisals and including the
net income earned in the first quarter, was 51¢ per share as at
March 31, 2019.
Halmont Properties Corporation invests directly
in real estate and securities of companies holding property, energy
and infrastructure assets.
This news release
includes certain forward-looking statements including management’s
assessment of the Company’s future plans and operations based on
current views and expectations. All statements other than
statements of historic facts are forward looking statements. These
statements contain substantial known and unknown risks and
uncertainties, some of which are beyond the Company’s control. The
Company’s actual results, performance or achievement could differ
materially from those expressed in, or implied by, these
forward-looking statements. Readers should not place undue reliance
on these forward-looking statements which represent estimates and
assumptions only as of the date on which such statements are made.
The Company undertakes no obligation to publicly revise or update
any forward-looking statements, whether as a result of new
information, future events or otherwise.
For additional information:
Heather M. FitzpatrickPresident
Halmont Properties Corporation51 Yonge Street,
Suite 400Toronto, ON M5E 1J1Telephone: 647-448-7147
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