Overview

* Timbercreek Q2 net income declines to C$12.4 mln from $15.4 mln yr/yr

* Net mortgage investment portfolio grows C$34.8 mln from Q1 2025

* Net investment income decreases to C$25.2 mln from C$26.4 mln yr/yr

Outlook

* Company expects multi-family residential to perform well amid economic uncertainty

Result Drivers

* INTEREST RATE FLOORS - High percentage of variable rate loans with interest rate floors mitigated impact of Bank of Canada prime rate decrease

* STAGED LOANS RESOLUTION - Progress in resolving staged loans freed up capital for new investments

* COMMERCIAL REAL ESTATE CONDITIONS - Positive commercial real estate conditions in key segments despite tariff-related macro volatility

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS C$0.15

Q2 Net C$12.40

Income mln

Q2 C$19.60

Income mln

from

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the corporate financial services peer group is "buy"

* Wall Street's median 12-month price target for Timbercreek Financial Corp ( TBCRF ) is C$8.00, about 2.6% above its July 29 closing price of C$7.79

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)