Marathon(US:MPC) Globenewswire·2025-11-13 23:00Core Insights - Madison Pacific Properties Inc. reported a net income of $20.9 million for the nine months ended September 30, 2025, compared to $13.6 million for the same period in the previous year, indicating a significant increase in profitability [3] - The company has changed its financial year-end from August 31 to December 31, effective for the financial year commencing September 1, 2024, which affects the comparative figures presented [2] Financial Performance - The cash flows generated from operating activities before changes in non-cash operating balances were $8.0 million, down from $9.8 million for the nine months ended August 31, 2024 [3] - Income per share increased to $0.27 from $0.22 in the previous year [3] - The net gain on the fair value adjustment on investment properties was approximately $18.6 million, up from $7.8 million [3] - Interest expense rose to $11.7 million from $9.5 million, while interest income decreased to $0.6 million from $1.7 million [3] Investment Portfolio - As of September 30, 2025, the company owns approximately $758 million in investment properties, an increase from $724 million as of December 31, 2024 [4] - The investment portfolio consists of 54 properties with around 2.0 million rentable square feet of industrial and commercial space, and a 50% interest in eight multi-family rental properties totaling 239 units [5] - The occupancy rates are high, with 97.23% of industrial and commercial space leased and 98.33% of multi-family residential units leased [5] - The company has a 50% interest in the Silverdale Hills Limited Partnership, which owns approximately 1,425 acres of primarily residential designated development lands in Mission, British Columbia [5]