Reported Earnings • May 05
Full year 2025 earnings released: EPS: CA$0.096 (vs CA$0.13 in FY 2024) Full year 2025 results: EPS: CA$0.096. Revenue: CA$32.2m (up 34% from FY 2024). Net income: CA$18.1m (up 17% from FY 2024). Profit margin: 56% (down from 65% in FY 2024). Announcement • Apr 07
Halmont Properties Corporation, Annual General Meeting, Jun 16, 2026 Halmont Properties Corporation, Annual General Meeting, Jun 16, 2026. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CA$1.05, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 8x in the Real Estate industry in Canada. Total returns to shareholders of 22% over the past three years. Board Change • Mar 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$136.1m (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.2% operating cash flow to total debt). Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (54% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (CA$136.1m market cap, or US$99.7m). Board Change • Feb 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.2% operating cash flow to total debt). Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (54% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding). Reported Earnings • Nov 27
Third quarter 2025 earnings released: EPS: CA$0.019 (vs CA$0.023 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.019. Revenue: CA$8.23m (up 58% from 3Q 2024). Net income: CA$3.81m (up 23% from 3Q 2024). Profit margin: 46% (down from 59% in 3Q 2024). The decrease in margin was driven by higher expenses. Board Change • Aug 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CA$1.19, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 8x in the Real Estate industry in Canada. Total returns to shareholders of 40% over the past three years. Reported Earnings • May 06
Full year 2024 earnings released Full year 2024 results: Net income: (down CA$15.7m from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • May 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 15
Halmont Properties Corporation, Annual General Meeting, Jun 27, 2025 Halmont Properties Corporation, Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to CA$1.08, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 9x in the Real Estate industry in Canada. Total returns to shareholders of 26% over the past three years. Board Change • Feb 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 02
Halmont Properties Corporation announced that it has received CAD 50 million in funding Halmont Properties Corporation announced a non-brokered private placement offering to issue 50,000,000 series 2 Convertible preferred shares at an issue price of CAD 1 per share for the gross proceeds of CAD 50,000,000 on December 31, 2024. Each Series 2 Convertible Preferred Share entitles the holder thereof to a 5.0% annual dividend, payable as and when declared by the board of directors of the Corporation. Each Series II Convertible Preferred Share is convertible at the option of the holder thereof into one (1) subordinate voting share of the Corporation at a price of CAD 1.00 per Subordinate Voting Share on or before December 31, 2034. Each Series II Convertible Preferred Share shall automatically convert into one Subordinate Voting Share at the conversion price of CAD 1.00 per Subordinate Voting Share upon the date when the closing price of the multiple voting shares of the Corporation exceeds CAD 1.50 for twenty (20) consecutive trading days. Following the Final Voluntary Conversion Date, the Corporation shall have the right to redeem any outstanding Series II Convertible Preferred Share at any time by payment in cash of CAD 1.00 per Series II Convertible Preferred Share plus all accrued and unpaid dividends. No commission or finder’s fee was paid in relation to the Offering. All securities issued under the Offering are subject to a hold period in Canada expiring four months and one day from the closing date of the Offering and the resale rules of applicable securities legislation. The company has received final acceptance from the TSX Venture Exchange for the Offering. Subscriptions by insiders of the Corporation accounted for approximately CAD 15,000,000 of the gross proceeds of the Offering. Board Change • Dec 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 01
Third quarter 2024 earnings released: EPS: CA$0.023 (vs CA$0.017 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.023 (up from CA$0.017 in 3Q 2023). Revenue: CA$6.41m (up 59% from 3Q 2023). Net income: CA$3.29m (up 47% from 3Q 2023). Profit margin: 51% (down from 55% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 16
George Brown College and Halmont Properties Corporation (TSXV:HMT) completed the acquisition of Corus Quay from H&R Real Estate Investment Trust (TSX:HR.UN). George Brown College and Halmont Properties Corporation (TSXV:HMT) entered into an agreement to acquire Corus Quay from H&R Real Estate Investment Trust (TSX:HR.UN) for approximately CAD 230 million on December 13, 2023. The net proceeds of approximately CAD 168 million are expected to be used to repay debt and fund the REIT’s current developments. The expected closing for the sale is April 2024 and is subject to customary closing conditions. George Brown College and Halmont Properties Corporation (TSXV:HMT) completed the acquisition of Corus Quay from H&R Real Estate Investment Trust (TSX:HR.UN) on April 16, 2024. Announcement • Apr 06
Halmont Properties Corporation, Annual General Meeting, Jun 19, 2024 Halmont Properties Corporation, Annual General Meeting, Jun 19, 2024. Announcement • Dec 13
George Brown College and Halmont Properties Corporation (TSXV:HMT) entered into an agreement to acquire Corus Quay from H&R Real Estate Investment Trust (TSX:HR.UN) for approximately CAD 230 million. George Brown College and Halmont Properties Corporation (TSXV:HMT) entered into an agreement to acquire Corus Quay from H&R Real Estate Investment Trust (TSX:HR.UN) for approximately CAD 230 million on December 13, 2023. The net proceeds of approximately CAD 168 million are expected to be used to repay debt and fund the REIT’s current developments. The expected closing for the sale is April 2024 and is subject to customary closing conditions. Board Change • Jun 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 26
First quarter 2023 earnings released First quarter 2023 results: Revenue: CA$3.85m (up 55% from 1Q 2022). Net income: CA$2.04m (up 307% from 1Q 2022). Profit margin: 53% (up from 20% in 1Q 2022). Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: CA$0.067 (vs CA$0.048 in FY 2021) Full year 2022 results: EPS: CA$0.067 (up from CA$0.048 in FY 2021). Revenue: CA$12.8m (up 33% from FY 2021). Net income: CA$9.82m (up 66% from FY 2021). Profit margin: 77% (up from 62% in FY 2021). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Board Change • Apr 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 24
Third quarter 2022 earnings released Third quarter 2022 results: Net income: CA$669.0k (up 38% from 3Q 2021). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
Second quarter 2022 earnings released Second quarter 2022 results: Net income: CA$9.08m (up CA$8.30m from 2Q 2021). Board Change • Aug 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Property Manager & Director Randal Froebelius was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 21
Full year 2021 earnings released: EPS: CA$4.76 (vs CA$0.043 in FY 2020) Full year 2021 results: EPS: CA$4.76 (up from CA$0.043 in FY 2020). Revenue: CA$9.76m (down 18% from FY 2020). Net income: CA$5.90m (up 33% from FY 2020). Profit margin: 60% (up from 38% in FY 2020). Announcement • Apr 09
Halmont Properties Corporation, Annual General Meeting, Jun 22, 2022 Halmont Properties Corporation, Annual General Meeting, Jun 22, 2022. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: CA$0.004 (down from CA$0.007 in 3Q 2020). Revenue: CA$2.77m (up 26% from 3Q 2020). Net income: CA$484.0k (down 41% from 3Q 2020). Profit margin: 18% (down from 38% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 06
First quarter 2021 earnings released The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CA$2.19m (down 46% from 1Q 2020). Net income: CA$822.0k (up 21% from 1Q 2020). Profit margin: 38% (up from 17% in 1Q 2020). The increase in margin was driven by lower expenses. Reported Earnings • May 04
Full year 2020 earnings released The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CA$11.9m (up 43% from FY 2019). Net income: CA$5.62m (down 13% from FY 2019). Profit margin: 47% (down from 78% in FY 2019). The decrease in margin was driven by higher expenses. 
