Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Yorkton Equity Group Inc V.YEG

Yorkton Equity Group Inc. is a Canada-based real estate investment company. The Company is focused on providing shareholders with growing assets through accretive acquisitions, organic growth, and the active management of multifamily rental properties with upside potential. Its business objectives are to achieve growing net operating income (NOI) and asset values in its multifamily rental property portfolio in strategic markets across Western Canada. It owns a portfolio of multifamily rental properties in Alberta and British Columbia. Its residential properties include townhouses and low and mid-rise apartments located in Alberta (Edmonton) and British Columbia (Kelowna, Langford (Metro Victoria), Penticton, and Fort St. John). Its wholly owned 10 multifamily rental properties, comprises over 518 residential units and one commercial unit, in the Provinces of Alberta and British Columbia. Its properties include The Fuse, Dwell at Schonsee, Canterbury Estates and others.


TSXV:YEG - Post by User

Post by sdhakaon Sep 13, 2024 1:05pm
27 Views
Post# 36222592

Yorkton Equity Group has been on a roll, up **18%**

Yorkton Equity Group has been on a roll, up **18%**
Hey guys! Yorkton Equity Group has been on a roll, up **18%** since June 2024. Their Q2 results were solid—**revenue up 36% YoY** and **EBITDA up 58%**, thanks to property acquisitions. While EPS turned positive, it came in just shy of expectations due to higher interest expenses.
 
YEG now owns **$128M** in real estate investments, including 518 residential units and a commercial project. With **rate cuts** by the Bank of Canada, FRC analysts expect **organic rent growth** to drive revenue even further in the coming quarters. The company is currently trading at a **21% discount** compared to the sector.
 
Want more details?  
Read the full report for insights on YEG’s growth and outlook: https://www.researchfrc.com/content/reports/post/135/positive-outlook-amidst-rate-cuts-
<< Previous
Bullboard Posts
Next >>