Builders Capital Mortgage Corp V.BCF

Financial Services

Builders Capital Mortgage Corp. is a Canada-based mortgage lender. The Company provides short-term, course of construction financing to builders of residential, wood-frame construction projects in Western Canada and Nova Scotia. The principal business of the Company is to acquire, originate and maintain a portfolio consisting primarily of construction mortgages that are secured by development stage residential real property. The Company’s mortgage portfolio and operations are managed by Builders Capital Management Corp.

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Builders Capital Mortgage Corp

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Post by JasleenDhakaon Nov 30, 2022 4:14pm

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Post# 35140970

BCF reported record revenue (up 20% YoY) and EPS

BCF reported record revenue (up 20% YoY) and EPS (up 22% YoY) in Q3. On average, revenue and EPS were 4% higher than our estimates, due to higher mortgage outstanding and lending rates.

Loan advancements were up 18% YoY (down 17% in Q2). Net mortgages outstanding increased 0.4% QoQ, and 8.9% YTD, to $31M (the highest in BCF’s history).

BCF has outperformed other MICs, and the TSXV (YTD and YoY).
To find out if our analysts expect sector multiples to trend higher, read the full report here https://www.researchfrc.com/builders-capital-mortgage-corp-tsxv-bcf-home-capital-acquisition-is-promising-for-mics/?utm_source=stockhouse.com&utm_medium=Referral&utm_campaign=stockhouse.com&utm_id=Builders+Mortgage+Capital

Question of the day: As interest rates are expected to increase, do you think mortgage sector multiples will trend higher? Comment down below!

*FRC provides issuer-paid coverage.
*Past performance is not indicative of future results.

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