Burlington, Ontario--(Newsfile Corp. - May 3, 2021) - Tempus Capital Inc. ("Tempus" or the "Company") (CSE: TEMP) is pleased to report its operational and financial results for the fourth quarter and year December 31, 2020. Additional information concerning the Company, including its audited financial statements and Management Discussion and Analysis, for the year ended December 31, 2020, can be found at SEDAR.
Q4 and Full-Year 2020 FINANCIAL HIGHLIGHTS
- Loss before fair value increment was reduced from $127,539 in 2019 to $28,218.
- Net rental revenue of $594,274 a slight decrease of 4% from $619,151 in 2019.
- Fair value increment of $634,000 recorded resulting in net income of $541,782 compared to $106,461 for 2019.
- Earnings per share increased to $0.02 from $0.00 during the same period year over year.
- Currently at a 100% occupancy rate, despite the impacts of COVID-19.
"We are very pleased that Tempus Capital was able to achieve such strong numbers over the last year during this very challenging environment," said Russell Tanz, Tempus President and CEO. "We had few turnovers in tenants in 2020; however, we were able to rent all our vacancies with increases. As we move forward through 2021, we will continue to build shareholder value through acquisitions and diversification."
About Tempus
Tempus is a real estate operating company engaged in the acquisition, development, and ownership of income-producing properties in Canada, focusing on strip mall shopping centres, storefront retail, and mixed residential and commercial properties. Tempus is a reporting issuer in British Columbia, Ontario and Alberta.
On behalf of the board of directors
Tempus Capital Inc.
"Russell Tanz"
President and CEO
1-416-446-7898
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