Business
Report on Financial Results for the Three and Six Months Ended June 30, 2025
TORONTO, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Mitchell Cohen, Chief Executive Officer and President ...
About this update from Urbanfund Corp.
[{"type":"text","content":"Report on Financial Results for the Three and Six Months Ended June 30, 2025\n\n\n\n TORONTO, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the three and six months ended June 30, 2025 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”).\n \n\n\n BUSINESS OVERVIEW AND STRATEGY\n \n\n\n\n Business Overview\n \n\n\n Urbanfund Corp. is an incorporated entity listed on the TSX Venture Exchange (“TSX-V”) under the symbol UFC. The Company is a reporting issuer in Alberta, British Columbia and Ontario. Urbanfund’s focus is to invest in Canadian real estate and real estate related projects with a focus on a mix of both residential and commercial properties. The Company’s assets are located in Toronto, Brampton, Belleville, Kitchener and London, Ontario, Quebec City and Montreal, Quebec and Dartmouth, Nova Scotia.\n \n\n\n Operational Highlights\n \n\n\n Part of Urbanfund’s strength is its ability to attract partners with proven track records with both residential and commercial development expertise. Urbanfund continues to build alliances with its strategic partners:\n \n\n\n\n\n 1040 Martin Grove Road, Toronto\n \n\n – During the six months ended June 30, 2025, three commercial units were sold for total sales proceeds of $1,255,622 (June 30, 2024 – five units, for total sales proceeds of $2,243,194). To date, the Company has received a return of capital of $1,465,603 from this investment.\n \n\n\n\n\n\n 270-330 Esna Park Drive, Markham\n \n\n - During the six months ended June 30, 2025, 12 commercial units were sold for a total sales proceeds of $2,164,359 (June 30, 2024 – Nil units were sold).\n \n\n\n\n\n\n 67-69 Westmore Drive, Etobicoke\n \n\n – During the six months ended June 30, 2025, two commercial units were sold for a total sales proceeds of $1,315,040 (June 30, 2024 – 15 units for total sales proceeds of $8,793,024). To date, the Company’s capital contribution of $3,120,000 has been fully returned, and an additional profit distribution of $2,033,399 has be...