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....
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Company Name: Timbercreek Financial Corp.
Timbercreek Financial Corp. (TSX: TF) Minimally Impacted by the Pandemic; Raising Dividend Forecasts
TF’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.
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Timbercreek Financial Corp. (TSX: TF) Q2 Beat Expectations / Raising 2020 Dividend Forecast
Timbercreek 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 MoreTimbercreek Financial Corp. (TSX: TF) Collects 98.4% of Interest Payments in April 2020
Key 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 MoreTimbercreek Financial Corp. (TSX: TF) 2019 Dividend Equals Expectations / Lowering 2020 Dividend Estimate due to COVID-19
Key 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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