Overview

* Net income for Q3 declines to C$8.5 mln from C$14.1 mln last year

* Net mortgage investment portfolio grows 3.6% yr/yr

Outlook

* Timbercreek Financial sees strong Q4 2025 transaction pipeline with over C$200 mln in deals

* Company increases revolving credit facility to C$600 mln, supporting portfolio growth

* Focus on multi-family residential real estate expected to provide stable income

Result Drivers

* CREDIT LOSSES - Co recorded an ECL of C$5.9 mln, impacting net income, with $3.0 mln related to a Calgary office asset in receivership

* MORTGAGE PORTFOLIO - Net mortgage investment portfolio increased 3.6% yr/yr, but decreased from Q2 2025 due to a large repayment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS C$0.10

Q3 Net C$8.50

Income mln

Q3 C$16 mln

Income

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$8.13, about 10.9% above its October 28 closing price of C$7.24

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.)