Financial Performance - Halmont Properties Corporation reported a net income of $18.39 million for the year ended December 31, 2024, slightly down from $18.49 million in 2023 [1] - Revenue increased to $32.02 million in 2024 from $27.97 million in 2023 [1] - The diluted net income per common share decreased to 12.52¢ in 2024 from 12.69¢ in 2023 [1] Asset Management and Investments - The company completed the transition of its commercial property and forest asset portfolio, which began four years ago, and has more than doubled its equity base during this period [1] - Halmont increased the fully diluted book value of its common shares by 53%, from 60¢ to 92¢ per share [1][4] - Major transactions included a $21.7 million investment in Haliburton Forest, raising its effective ownership to 59%, and the acquisition of Murry Bros. Lumber Company sawmill [2] Capital Markets Activity - Halmont issued $50 million of Series II convertible preferred shares to provide additional capital for future investments [3] - The company revalued its real estate and other investments, resulting in an increase in the fully diluted book value of common shares to 92¢ per share at year-end 2024, up from 80¢ at year-end 2023 [4] Strategic Acquisitions - The company acquired a 50% interest in 25 Dockside Drive, Toronto, through a joint venture with George Brown College [7] - Halmont also acquired a 37.5% interest in 2 Queen East, Toronto, in collaboration with Toronto Metropolitan University and Brookfield Property Partners [7]