TF is well-positioned for potential rate declines in H2-2023 Timbercreek Financial Corp. (TSX: $TF) reported record revenue and EPS in 2022, beating revenue estimates and maintaining EPS in line.
With the ability to quickly raise lending rates, TF is well-positioned for potential rate declines in H2-2023.
While originations may decline due to dampened real estate activity, TF remains optimistic about the Canadian multi-family residential real estate market.
*FRC provides issuer-paid coverage.
*Past performance is not indicative of future results.