Yorkton Equity Group Inc. (V:YEG)
Business Focus: Real Estate Rental, Development & Operations (NEC)
| Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
| Company Contact | |
| Address: | 3165 Manulife Place 10180-101 Street EDMONTON AB T5J 3S4 |
| Tel: | N/A |
| Website: | https://yorktonequitygroup.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Yorkton Equity Group Inc. is a Canada-based real estate investment company. The Company is focused on providing shareholders with assets through accretive acquisitions, organic growth, and the active management of multi-family rental properties with significant upside potential. Its business objectives are to achieve growing net operating income as well as the asset values in its multi-family rental property portfolio in strategic markets across Western Canada. It primarily owns a portfolio of multi-family rental properties in Alberta and British Columbia. Its geographical focus is on secondary markets in Western Canada. Its residential properties include townhouses and low and mid-rise apartments located in Alberta (Edmonton) and British Columbia (Kelowna, Langford, Penticton, and Fort St. John). It owns over nine multi-family rental properties, such as the Dwell, Larson Place, Pacific Central, Winton Terrace, Canterbury Estates, Midtown Apartments, Riviera Gardens, and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Yorkton Equity Group Inc revenues increased from C$3.4M to C$7.2M. Net income totaled C$3.4M vs. loss of C$162K. Revenues reflect Rental revenue increase from C$3M to C$6.8M. Net Income reflects FV Adjustments on Investment Property increase from C$635K to C$4.2M (income), Bad debt decrease of 45% to C$69K (expense). Basic Earnings per Share excluding Extraordinary Items totaled to C$0.03. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $119.80M as of Dec 31, 2023 |
| Annual revenue (TTM): | $7.20M as of Dec 31, 2023 |
| EBITDA (TTM): | $3.43M as of Dec 31, 2023 |
| Net annual income (TTM): | $3.44M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3.58M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $99.53M as of Dec 31, 2023 |
| Shares outstanding: | 112,680,574 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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