Timbercreek Financial Corp. (TSX: TF) Rising Yields and Economic Recovery to Support Multi-Residential
Highlights TF’s interest collections have been in line with historical rates through the pandemic....
Read MoreHighlights TF’s interest collections have been in line with historical rates through the pandemic....
Read MoreTF’s interest collections have been in line with historical rates through the pandemic. Multi-family properties (TF’s primary focus) have not been materially impacted by the pandemic because of benefits offered by the government to businesses and unemployed individuals.
Read MoreTimbercreek Financial’s Q2-2020 results beat our expectations as rent collections were higher than our estimates. In July, TF collected 98.4% of the month’s mortgage interest, in line with historical rates.
Read MoreKey Highlights In April 2020, Timbercreek Financial (“TF”, “company”) collected 98.4% of its interest payments from borrowers. We consider this to be highly comforting, considering that landlords across the country have been...
Read MoreKey Highlights The Canadian government has made significant announcements to combat COVID-19, including three interest rate cuts, and a $145 billion stimulus package. In order to help borrowers, Canada’s six largest banks...
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