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Timbercreek Financial Corp T.TF

Alternate Symbol(s):  TBCRF | T.TF.DB.D | T.TF.DB.E | T.TF.DB.F

Timbercreek Financial Corp is a Canada-based non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. The Company is focused on providing structured financing solutions to real estate owners and investors and acts as an alternative asset class investment manager. The investment objective of the Company is to secure and grow a diversified portfolio of mortgage and other loan investments, generating an attractive risk-adjusted return and monthly dividend payments to shareholders, balanced by a strong focus on capital preservation. The Company focuses primarily on lending against income-producing real estate such as multi-residential, retail and office properties. It fulfills a financing requirement that is not well serviced by the commercial banks: primarily shorter duration, structured financing. It works with borrowers throughout the terms of their mortgages to ensure that their capital requirements are met.


TSX:TF - Post by User

Post by MyHoneyPoton Feb 26, 2024 8:02pm
258 Views
Post# 35900413

Earning Release 4th Quarter

Earning Release 4th Quarter
It looks like the NAV has increase 17 cents a share to $8.50.

My target price is 1.2 time NAV or $10.20 a share in that range. 

So with the stock trading at $7.20, paying a 10% dividend and a upside of  41% from here i don't think there i a better deal out there. 

On top of it all its a finicial company so this NAV is real dollars. 

Now they are going to issue a special dividend next month, that a bonus on top of all this. 

This stock is way to cheap and i have loaded up and have made a good profit here. 

IMHO
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