Madison Pacific Properties Inc. (T:MPC*CA)
Business Focus: Real Estate Rental, Development & Operations (NEC)
| Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
| Company Contact | |
| Address: | 389 W 6th Ave VANCOUVER BC V5Y 1L1 |
| Tel: | 1-604-7326540 |
| Website: | https://madisonpacific.ca |
| IR: | See website |
| Key People | ||
| John Delucchi Chairman of the Board, President, Chief Executive Officer | Bernice Yip Chief Financial Officer | |
| Business Overview |
| Madison Pacific Properties Inc. is a Canada-based real estate company, which owns, develops, and operates office, industrial, commercial, and multi-family rental properties located in British Columbia, Alberta, and Ontario. The Company also has investments in joint ventures that develop residential properties. The Company's investment portfolio comprises around 54 properties with approximately 1.9 million rentable square feet (sq. ft) of industrial and commercial space and a 50% interest in two- multi-family rental properties with a total of 94 units. It offers a range of property management services for its portfolio of investment properties, which include tenant services and relationships, building operations, lease administration, property accounting and reporting and project management services. Its development properties include a 50% interest in the Silverdale Hills Limited Partnership which owns approximately 1,400 acres of development lands in Mission, British Columbia. |
| Financial Overview |
| For the six months ended 29 February 2024, Madison Pacific Properties Inc revenues increased 7% to C$21.5M. Net loss totaled C$43.2M vs. income of C$22.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects FV Adjustments on Investment Property decrease of 69% to C$4.3M (income), Equity earnings of associate and joint v decrease of 95% to C$291K (income). |
| Employees: | 11 as of Aug 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $589.43M as of Feb 29, 2024 |
| Annual revenue (TTM): | $41.90M as of Feb 29, 2024 |
| EBITDA (TTM): | $22.73M as of Feb 29, 2024 |
| Net annual income (TTM): | -$46.99M as of Feb 29, 2024 |
| Free cash flow (TTM): | -$23.74M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | $267.87M as of Feb 29, 2024 |
| Shares outstanding: | 59,462,555 as of Feb 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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