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Wall Financial Corp T.WFC

Alternate Symbol(s):  WFICF

Wall Financial Corporation is a Canada-based real estate investment and development company. The Company is focused on development and management of residential and commercial rental units, development and construction of residential housing units for sale and development and management of hotel properties. Its segments include ownership and management of revenue-producing residential and commercial properties (Rental), ownership and management of hotel properties (Hotel), and the development and sale of residential housing (Development). Its properties include The Beginnings at Peter Wall Mansion, Granville Skytrain Station, 1050 Burrard at Wall Centre, Wall Centre Richmond, Wall Centre Vancouver, Crofton Lands, The Trails Phase 2, Wall Centre Burnaby, 1105 Seymour, Hornby & Drake, Hastings & Gore, Ivy on the Park, Strathcona Village, York Theatre, Wall Centre False Creek, The Capitol Residences & Music School, Yaletown Park, Electric Avenue, and Metropolitan Towers.


TSX:WFC - Post by User

Wall Financial Corp > Wynner the Winner of WFC
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Comment by wynneron Mar 07, 2024 3:19pm
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Post# 35921191

RE:Wynner the Winner of WFC

RE:Wynner the Winner of WFCmalx : Where do you find the $3 dividend was funded from hotels revenues? 
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The hotel, residential, and commercial properties owned by the Company provide an income stream and capital appreciation that is utilized for acquisitions, investments in development properties, reduction of debt, and payment of dividends to the Company’s shareholders. At present, the Company owns and manages 939 hotel units (193 at the Westin Wall Centre, Vancouver Airport, and 746 at the Sheraton Vancouver Wall Centre). It also owns and manages 1,526 residential and commercial rental units located in Metro Vancouver.

The Company develops for sale residential housing units with a primary focus on high-rise multi-family projects. It is the Company’s strategy to acquire land for development that is zoned for its intended use or where the required rezoning is contemplated and encouraged by the governing authorities. There are two properties under active development as at October 31, 2023: Eagle Mountain subdivision in Abbotsford, B.C. and the Trails project in the City of North Vancouver, B.C.


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