Scott Rowland
Chief Investment Officer
Replay available
Timbercreek Financial Corp. (TF) Q2 2025 Earnings Call
Timbercreek Financial Corp. (TSX: TF) Q2 2025 earnings conference call, held 2025-07-31. Replay captured from the company's public earnings webcast.
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Jeff McDate
Head of Canadian Originations and Global Syndications
Tracy Johnston
Chief Financial Officer
Unidentified Analyst
Michael McHugh
Analyst
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Timbercreek Financial Corp..
Replay transcript excerpt
WEBVTT 00:00:00.065 -- 00:00:03.068 Thank you, Operator. Good afternoon, everyone. 00:00:03.068 -- 00:00:07.233 Thanks for joining us to discuss the first quarter financial results. 00:00:07.233 -- 00:00:12.418 I'm joined as usual by Scott Rowland, CIO, Tracy Johnston, CFO, and Jeff McDate, 00:00:12.418 -- 00:00:16.320 Head of Canadian Originations and Global Syndications. 00:00:18.164 -- 00:00:22.128 The second quarter delivered solid performance across key metrics. 00:00:22.128 -- 00:00:26.893 We expanded the portfolio from Q1 levels with significant year-over-year growth. 00:00:26.893 -- 00:00:30.524 We supported net investment income of $25.2 million. 00:00:30.524 -- 00:00:34.468 Distributable income was 18 cents per share, consistent with our historically quarterly 00:00:34.468 -- 00:00:36.130 range. 00:00:36.130 -- 00:00:41.135 As we signaled on our last earnings call, we resolved a material portion of Stage 2 and 00:00:41.135 -- 00:00:44.398 Stage 3 loans, close to $83 million since that time. 00:00:44.398 -- 00:00:49.804 And we're pleased to report that the renewal of our credit facility is nearly complete, 00:00:49.804 -- 00:00:55.510 featuring a substantial upsize and improved margin terms to support our plans for growth. 00:00:55.510 -- 00:00:59.567 Transaction activity was healthy in the second quarter, and the pipeline is building, 00:00:59.567 -- 00:01:03.733 despite some lingering effects from the broader macro environment. 00:01:03.733 -- 00:01:07.998 While this tariff-related uncertainty poses challenges for certain sectors, our focus 00:01:07.998 -- 00:01:13.466 on multifamily residential real estate, an essential and resilient asset class, 00:01:13.466 -- 00:01:18.232 positions us to deliver stable income and protect investor capital. 00:01:18.232 ...