Timbercreek Financial Announces 2026 Second Quarter Results and Q3/Q4 Dividends

About this update from Timbercreek Financial Corp.

Toronto Stock Exchange: TF TORONTO, July 29, 2026 (GLOBE NEWSWIRE) -- Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three and six months ended June 30, 2026 (“Q2 2026”). “We delivered strong origination activity during both the second quarter and first half of 2026, advancing close to $314.7 million year-to-date while continuing to generate stable distributable income," said Blair Tamblyn, CEO of Timbercreek Financial. “Market conditions remained positive during the quarter with healthy levels of transaction activity and borrower demand across our core lending categories and we have continued to see strong capital deployment activity subsequent to quarter-end. At the same time, we made meaningful progress advancing our staged loans, reducing Stage 3 balances by more than 51.1% since year-end and completing several significant asset resolutions during the quarter. We believe we are in the later stages of working through the remaining larger positions and, as these are resolved and capital is redeployed into new mortgage investments, we expect to enhance the portfolio's earning capacity and support future distributable income generation.”Q2 2026 Highlights1The Company had a strong Q2 2026 for originations advancing $153.5 million in new net mortgages and existing net mortgages. This drove an increase in the net mortgage portfolio of $29.9 million or 2.7% year-over-year to $1,143.9 million. The Company expects this increased funding momentum to continue during second half of 2026 focused on multi-family opportunities across its target markets.Steady top-line income and distributable income to support monthly dividend: Net investment income of $24.9 million compared to $25.2 million in Q2 2025.Distributable income of $14.6 million ($0.18 per share) compared with $14.6 million ($0.18 per share) in Q2 2025.Net income and comprehensive income of $7.8 million (Q2 2025 – $12.4 million) or basic earnings per share of $0.09 (Q2 2025 – $0.15)Expected credit losses ("ECL") of $6.7 million in the quarter (Q2 2025 - $2.1 million), reflective of recovery values on stage 2 and stage 3 net mortgages.Net income and comprehensive income before expected credit losses ("ECL") of $14.5 million (Q2 2025 - $14.5 million) or basic earnings per share before ECL of $0.18 (Q2 2025 - $0.17)Declared a total of $14.3 million...

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