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Yorkton Equity Group Inc. Announces Financial Results for the First Quarter Ended March 31, 2025 and Appoints Chief Financial Officer
(TheNewswire) Edmonton, Alberta – (May 21, 2025) – TheNewswire - ...
About this update from Yorkton Equity Group Inc
[{"type":"text","content":"Yorkton Equity Group Inc. Announces Financial Results for the First Quarter Ended March 31, 2025 and Appoints Chief Financial Officer\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Edmonton, Alberta\n \n\n – (May 21, 2025) –\n \n\n TheNewswire -\n \n\n Yorkton Equity Group Inc. (TSXV YEG)\n(“Yorkton” or the “Company”) is pleased to announce its\nfinancial results for the first quarter ended March 31, 2025 and the\nappointment of William Harper as Chief Financial Officer (“CFO”),\neffective immediately.\n \n\n\n\n “Our efforts remain focused on maximizing the\nperformance of our existing assets by enhancing tenant experience,\nimproving operating efficiencies, and driving rental revenue growth,\nsaid Mr. Ben Lui, President and Chief Executive Officer of Yorkton.\n“We believe the fundamentals of the multifamily rental sector remain\nresilient amid the ongoing tariff turmoil, and we are well positioned\nto capitalize on emerging opportunities as they arise. While we\ncontinue to pursue strategic acquisitions to build a diversified\nportfolio of high-quality rental properties with strong and consistent\nincome, we are maintaining a disciplined approach in response to\nbroader economic uncertainties. In today’s volatile market\nenvironment, we continue to believe that residential real estate\noffers relative stability and the potential for reliable long-term\nreturns.”\n \n\n\n\n Q1 2025 Financial Highlights\n \n\n\n\n As at March 31, 2025, Yorkton had total assets of\n$138.50 million, which included 518 residential rental units and one\ncommercial rental unit across 10 multi-family rental properties with a\ntotal fair market value of $122.93 million and one commercial rental\nproperty with 28,026 square feet of net leasable area, together with\nan adjacent parking lot, with a total fair market value of $11.97\nmillion.\n \n\n\n\n For the residential units, during the three months\nended March 31, 2025, as compared to the same period in 2024, Yorkton\nreported:\n \n\n\n\n\n\n\n\n\n Management has implemented improvements in operational\nefficiency across the portfolio, with a focus on aligning rents at the\nrecently acquired FUSE property to current market rates. While this\nled to higher tenant turnover and increased vacan...