Madison Pacific Properties Inc. announces the results for the year ended December 31, 2025

Core Viewpoint - Madison Pacific Properties Inc. reported a significant turnaround in financial performance for the year ended December 31, 2025, achieving a net income of $31.7 million compared to a net loss of $44.2 million for the previous year ending August 31, 2024 [3]. Financial Performance - The company generated cash flows from operating activities of $11.1 million, slightly down from $11.4 million in the previous year [3]. - Earnings per share improved to $0.44 from a loss per share of $0.74 in the prior year [3]. - The net income includes a fair value adjustment gain on investment properties of approximately $28.6 million, contrasting with a net loss of $0.2 million in the previous year [3]. - Interest expense increased to $15.9 million from $12.7 million, while interest income decreased to $0.8 million from $2.5 million [3]. Investment Properties - As of December 31, 2025, the company owns approximately $768 million in investment properties, an increase from $724 million the previous year [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 nine multi-family rental properties totaling 259 units [5]. - The occupancy rates are high, with 97.03% of industrial and commercial space leased and 98.84% of multi-family residential units leased [5]. Development Properties - 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].