08:24 AM EDT, 05/28/2025 (MT Newswires) -- Halmont Properties (HMT.V), which invests directly in commercial, forest and residential properties, overnight Tuesday reported an increase in first-quarter net income.

Net income for the three months ended March 31 rose to $4.9 million compared with $4.1 million a year earlier.

Revenue fell to $8.5 million in Q1 compared with $8.8 million a year-ago.

The company said that although there were no major transactions during the quarter, financial results reflect the continued contribution from investments completed in 2024, including the repositioning of its commercial property and forest portfolios.