Overview

* Net income for Q3 2025 rises to C$44 mln, primarily due to lower income tax provision

* Normalized FFO for Q3 2025 increases 3.2% to C$55.4 mln

Outlook

* Company did not provide specific guidance for future quarters or years

Result Drivers

* PROPERTY TAX REFUNDS - Adjusted NOI increase due to higher non-recurring property tax refunds and increased AMR

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net C$44 mln

Income

Q3 C$55.40

Normaliz mln

ed Funds

from

Operatio

ns

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the real estate rental, development & operations peer group is "buy."

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(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.)