Yorkton Equity Group Inc.
Strong Rental Demand and Cap Rate Compression Fuel Positive Outlook
Published: 12/2/2024
Author: FRC Analysts
Sector: Real Estate-Diversified | Industry: Real Estate
Ticker Symbols:YEG - TSX 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.2 |
| Fair Value | CAD $0.32 |
| Risk | 3 |
| 52 Week Range | CAD $0.12-0.20 |
| Shares O/S (M) | 113 |
| Market Cap. (M) | CAD $23 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 0.8 |
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Report Highlights
- Q3 revenue was up 31% YoY, while EBITDA rose 34% YoY, primarily driven by property acquisitions. Revenue and EBITDA remained relatively flat QoQ. Net income grew YoY from just $2k (EPS: $0.00), to $1.19M (EPS: $0.01). Revenue and EPS came in 1% and 3% below our estimates, respectively.
- At the end of Q3-2024, YEG owned $130M in real estate investments, including 10 residential projects totaling 518 units, and one commercial project spanning 28,036 sq. ft. Property valuations
