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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.


TSXV:BCF - Post by User

Builders Capital Mortgage Corp
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Post by sdhakaon Jun 19, 2024 8:00pm
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Post# 36097026

BCF is Pursuing a $50M Bond Financing

BCF is Pursuing a $50M Bond Financing
  • In Q1-2024, BCF reported record revenue (up 9% YoY) due to higher lending rates. However, EPS decreased 2% due to higher loan loss provisions. EPS was 5% higher than our estimate. While loan loss provisions were in line, lending rates were higher than anticipated.
  • Annual dividends remained unchanged at $0.80/share, implying a yield of 9.4%.
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