Halmont Properties Corporation First Quarter Results

Core Insights - Halmont Properties Corporation reported a net income of $4.9 million for Q1 2025, an increase from $4.1 million in Q1 2024 [1] - The company's revenue for Q1 2025 was $8.544 million, slightly down from $8.770 million in Q1 2024 [2] - Net income for common shareholders rose to $4.687 million in Q1 2025 from $3.788 million in Q1 2024, with net income per share increasing to 2.78 cents from 2.75 cents [2] Financial Performance - The fully diluted book value of Halmont's common shares increased to 93 cents per share in March 2025, up from 82 cents in March 2024 [3] - The financial results reflect contributions from investments made in 2024, including repositioning of commercial and forest property portfolios [2] Investment Activities - Halmont completed acquisitions of interests in 25 Dockside Drive and 2 Queen East, along with a $21.8 million investment in Haliburton Forest, raising its effective ownership to 59% [2]