Report on Financial Results for the Three and Nine Months Ended September 30, 2025

Core Insights - Urbanfund Corp. has filed its financial statements for the three and nine months ended September 30, 2025, along with the corresponding Management's Discussion and Analysis [1] Business Overview and Strategy - Urbanfund Corp. is listed on the TSX Venture Exchange under the symbol UFC and focuses on investing in Canadian real estate, including both residential and commercial properties [2] - The company's assets are located in various cities across Ontario, Quebec, and Nova Scotia [2] Operational Highlights - Urbanfund's strength lies in its ability to attract partners with proven expertise in residential and commercial development [3] Results from Operations - For the three months ended September 30, 2025, rental revenue was CAD 2,154,357, an increase from CAD 2,090,060 in the same period of 2024 [7] - Income before taxes for the same period was CAD 2,614,412, compared to CAD 2,101,886 in 2024 [7] - Net income attributable to shareholders for the three months ended September 30, 2025, was CAD 2,223,823, up from CAD 1,516,042 in 2024 [10] Selected Quarterly Information - During the nine months ended September 30, 2025, Urbanfund sold four commercial units at 1040 Martin Grove Road for total sales proceeds of CAD 1,685,124, compared to five units for CAD 2,243,194 in 2024 [6] - At 270-330 Esna Park Drive, 18 commercial units were sold for CAD 3,354,897, a significant increase from three units for CAD 677,706 in 2024 [6] Financial Position - As of September 30, 2025, total assets were CAD 156,323,215, compared to CAD 155,604,351 at the end of 2024 [7] - Total investment properties amounted to CAD 109,476,000, up from CAD 108,843,000 in 2024 [7] - Total mortgages payable were CAD 54,337,105, slightly down from CAD 55,506,091 in 2024 [7] Liquidity and Capital Resources - Urbanfund's liquidity as of September 30, 2025, was CAD 10,412,857, representing 19.1% of its total debt of CAD 54,393,462 [14] - The company expects to meet all obligations, including dividends to shareholders and capital expenditures, through cash flows generated from operating activities [13] Dividend Reinvestment Plan - Urbanfund has a Dividend Reinvestment Plan (DRIP) that allows shareholders to reinvest dividends to acquire additional shares at a discount [16] - The annual dividend rate was increased to CAD 0.05 per common share, a 67% increase from the previous year [17] Non-IFRS Measures - Funds from Operations (FFO) for the three months ended September 30, 2025, were CAD 1,601,386, down from CAD 1,933,384 in 2024 [9] - Adjusted Cash Flows from Operations (ACFO) for the same period were CAD 1,966,346, compared to CAD 3,032,313 in 2024 [11]