RFA Financial Releases Second Quarter Results

About this update from Rfa Financial Inc.

TORONTO, Aug. 13, 2026 /CNW/ -- RFA Financial Inc. ("RFA" or the "Company") (TSX: RFA) (TSX: RFA.PR.E) (TSX: RFA.PR.I) announced today its financial results for the three and six months ended June 30, 2026. The second quarter results in this press release should be read in conjunction with RFA's interim condensed consolidated financial statements and management's discussion and analysis ("MD&A") for the period ended June 30, 2026. All amounts are in thousands of Canadian dollars, except per share amounts or as otherwise noted. "During the second quarter, we successfully executed our disposition strategy while continuing to grow our mortgage portfolio," said Ben Rodney, President and Chief Executive Officer of RFA. "A key highlight was the recent signing of IG Wealth Management to a 20-year lease agreement at 360 Main Street and 300 Main Street in downtown Winnipeg. This significant milestone secures a long-term commitment from a leading institutional-quality tenant, reflecting the strength of our asset management platform and our team's ability to drive occupancy and enhance the long-term value of our properties. While we remain in the early stages of realizing the full potential of our combined platform, our results to date reinforce the strength of our strategy, the complementary nature of our businesses, and our ability to generate long-term value through disciplined capital allocation and active asset management." SECOND QUARTER HIGHLIGHTS Balance Sheet & Liquidity Highlights Financial and Operational Highlights UPCOMING WEBCAST AND CONFERENCE CALL A conference call with management will be held on Friday, August 14, 2026, at 1:00 p.m. ET. To access the call, please dial 1-437-900-0527 or 1-888-510-2154. Alternatively, the listen-only webcast can be accessed on RFA's website at rfafinancial.ca/investors/conference-calls/ .  A recording of the conference call will be available until Monday, September 14, 2026, by dialing 1-646-517-4150 or 1-888-660-6345 and entering the passcode 50608#. A transcript of the presentation and a replay of the webcast will be accessible on RFA's website immediately after the call. The Q2-26 investor presentation will be posted on RFA's website in advance of the call at https://rfafinancial.ca/investors/investor-presentations/ . CAUTIONARY STATEMENTS This press release may contain forward-looking statements within the meaning of applicable Canadian securities laws. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. These forward-looking statements include, among others, statements regarding the timing and amount of dividends and the future financial position, business strategy, potential acquisitions and dispositions, plans and objectives of RFA. Without limiting the foregoing, the words "outlook", "objective", "opportunity", "potential", "growth", "become", "expects", "anticipates", "continue", "intends", "estimates", "projects", "strategy", "believes", "plans", "seeks", "commit", "goal", "focus", "target", "create" and similar expressions or variations of such words, including negatives thereof, and phrases suggesting future outcomes or events, or which state that certain actions, events or results ''may'', ''would'', "should" or ''will'' occur or be achieved are intended to identify forward-looking statements. Such forward-looking information reflects management's current expectations, assumptions and beliefs and is based on information currently available to it and management's experience and expertise. Forward-looking statements are based on a number of factors and assumptions, which are subject to numerous risks and uncertainties, which have been used to develop such statements, but which may prove to be incorrect. Although RFA believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievement since such expectations are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. The forward-looking information contained in this press release reflects several material factors, expectations and assumptions made by RFA's management, including, among other things: RFA's ongoing ability to leverage its platform and portfolio of subsidiaries to take advantage of evolving market needs; RFA's execution of suitable capital allocation investment opportunities and asset disposition strategies; expectations regarding RFA's anticipated financial and operational results; RFA's access to various sources of financing; expectations regarding the general stability of the economic and political environment in which RFA operates, including market trends and the general stability of the Canadian and United States real estate and mortgage lending industries; RFA's treatment under governmental regulatory regimes, securities laws and tax laws; the ability of RFA to obtain and retain qualified personnel, equipment and services in a timely and cost efficient manner; currency, exchange and interest rate fluctuations; and global economic, financial markets and economic conditions, including the increase in energy prices, conflict in the Middle East and the imposition of tariffs, in Canada and the United States. Management of RFA believes that the material factors, expectations and assumptions reflected in the forward-looking information are reasonable, however no assurance can be given that these factors, expectations and assumptions will prove to be correct. RFA is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Such risk factors include, but are not limited to, risks related to: the Canadian banking, mortgage lending and real estate industries; RFA's execution of strategic initiatives; the performance of RFA's subsidiaries; current economic conditions, including geopolitical tensions, extreme weather-related events, cyclical imbalances in the global economy, fiscal and monetary policy, and public health events; foreign currency and exchange rate fluctuations; the competitive landscape in which RFA and each of its subsidiaries operate within; the availability of cash flow and sources of debt and equity financing; reliance on key personnel; dependence on information technology; cybersecurity; environmental matters and climate change; geographic concentration; public markets and the market price of the common shares and preferred shares. fluctuations in dividends paid on the common shares and the preferred shares;, nature of and the legal rights attaching to the common shares and preferred shares; changes in legislation and regulation, tax-related factors; shareholder liability; potential conflicts of interest; potential third-party litigation; the reputation of RFA and its subsidiaries; and business-specific risks related risks to RFA and its various subsidiaries. For more information on the risks, uncertainties and assumptions that could cause RFA's actual results to materially differ from the current expectations, refer to the discussion under the Risks and Uncertainties section of RFA's Q2-26 MD&A and the headings "Risk Factors", "Risk Management" and "Risk Factors Relating to the Resulting Issuer" under Appendix I, Appendix I-2 and Appendix J, respectively, in the Management Information Circular of Artis Real Estate Investment Trust ("Artis") dated November 10, 2025, "Risk Factors" in Artis' Annual Information Form for the year ended December 31, 2024, each of which is posted under Artis' SEDAR+ profile at www.sedarplus.ca . RFA cannot assure investors that actual results will be consistent with any forward-looking statements and RFA assumes no obligation to update or revise such forward-looking statements to reflect actual events or new circumstances other than as required by applicable securities laws. All forward-looking statements contained in this press release are qualified by this cautionary statement. NOTICE WITH RESPECT TO NON-GAAP & SUPPLEMENTARY FINANCIAL MEASURES DISCLOSURE In addition to reported IFRS Accounting Standards measures, certain non-GAAP and supplementary financial measures are commonly used by Canadian corporations an indicator of financial performance. "GAAP" means the generally accepted accounting principles described by the CPA Canada Handbook - Accounting, which are applicable as at the date on which any calculation using GAAP is to be made. RFA applies IFRS Accounting Standards, which is the section of GAAP applicable to publicly accountable enterprises. These non-GAAP and supplementary financial measures are not defined under IFRS Accounting Standards and are not intended to represent financial performance, financial position or cash flows for the period, nor should any of these measures be viewed as an alternative to net income, cash flow from operations or other measures of financial performance calculated in accordance with IFRS Accounting Standards. These measures are not standardized financial measures under the financial reporting framework used to prepare the financial statements of RFA. Readers should be further cautioned that these measures as calculated by RFA may not be comparable to similar measures presented by other issuers. Management believes that these measures are helpful to investors as they are widely recognized measures of performance and provide a relevant basis for comparison among financial and real estate entities. The following measures and metrics are presented in this press release: Refer to the Notice With Respect to Non-GAAP & Supplementary Financial Measures Disclosure of RFA's Q2-26 MD&A, which is incorporated by reference herein, for further information (available on SEDAR+ at www.sedarplus.ca or RFA's website at www.rfafinancial.ca ). The definition and reconciliation for each non-GAAP measure (if required) included in this press release is outlined below. Originations Originations is a supplementary financial measure. Originations include mortgages and loans sourced through broker and partner channels, consistent with RFA's underwriting and risk management standards. Increase in Weighted-Average Rental Rate The percentage change on renewal activity is calculated by comparing the rental rate in place at the end of the expiring term to the rental rate in place at the commencement of the new term.  Pre-Provision Pre-Tax Income ("PPPT") PPPT is a non-GAAP measure. RFA calculates PPPT by adding back acquisition accounting adjustments, provisions for credit losses on mortgage and loan assets and income taxes derived from the financial services segment, to net income (loss) derived from the financial services segment. Management considers PPPT to be a measure of profitability. Net Interest Margin ("NIM") NIM is a non-GAAP measure. RFA calculates net interest margin by dividing annualized net interest income by the average total interest earning assets. RFA's interest earning assets consist of cash, debt securities, renewal securitization notes and mortgages and loans assets (gross of expected credit losses) for the financial services segment. Included in net interest income and interest-earning assets is acquisition accounting adjustments related to the non-cash impact of the fair value adjustments of mortgage and loan assets and deposit liability in the reverse acquisition of RFA Capital Holdings Inc. Excluding the impact of these non-cash adjustments, net interest margin was 2.1% for (YTD - 2.3%) for Q2-26. ABOUT RFA RFA is a Canadian financial services platform anchored by a Schedule I bank. RFA offers a diversified suite of financial services to support Canadians at every stage of their financial journey, combined with the stability of a proven real estate platform. RFA common shares trade on the Toronto Stock Exchange under the symbol RFA, while Series E and Series I preferred shares trade under the symbols RFA.PR.E and RFA.PR.I, respectively. The common shares also trade in the United States on the OTCQX Best Market under the symbol RFAFF. For more information, please visit rfafinancial.ca . View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2026/13/c9435.html

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