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Halmont Properties Corporation Second Quarter Results
Globenewswireยท 2025-08-25 17:53
Financial Performance - Halmont Properties Corporation reported a net income to shareholders of $9.2 million for the six months ended June 30, 2025, an increase from $7.8 million for the same period in 2024 [1] - Revenue for the six months ended June 30, 2025, was $16.74 million, compared to $15.63 million for the same period in 2024, reflecting a growth of approximately 7.1% [2] - Comprehensive income for common shareholders was $9.40 million for the six months ended June 30, 2025, up from $8.97 million in 2024 [2] Shareholder Metrics - The diluted net income per common share decreased to 3.66 cents in 2025 from 3.85 cents in 2024 [2] - The fully diluted book value of Halmont's common shares increased to 95 cents per share as of June 2025, compared to 84 cents in June 2024 [3] Investments and Operations - The financial results reflect contributions from investments made in 2024, including the repositioning of commercial property and forest portfolios [2] - Notable acquisitions included interests in 25 Dockside Drive and 2 Queen East, along with a $1.0 million investment in Haliburton Forest, raising effective ownership to 59% [2]