Madison Pacific Properties Inc. Announces the Results for the Year Ended August 31, 2014
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/20/14 -- Madison Pacific Properties Inc. (TSX: MPC)(TSX: MPC.C) (the Company), a Vancouver-based real estate company, announces the results of operations for the year ended August 31, 2014.
The results reported are pursuant to International Financial Reporting Standards (IFRS) for public companies.
For the year ended August 31, 2014, the Company is reporting net income of $16.0 million; cash flows from operating activities, before changes in non-cash operating balances, of $11.5 million; and income per share of $0.26. Included in net income is an after-tax net gain on fair value adjustment on investment properties of $7.4 million.
For the year ended August 31, 2013, the Company reported net income of $12.0 million; cash flows from operating activities, before changes in non-cash operating balances, of $8.1 million; and income per share of $0.20. Included in net income was an after-tax net gain on fair value adjustment on investment properties of $5.6 million.
The Company currently owns approximately $368 million in investment properties, comprising 2.1 million rentable sq. ft. of industrial and commercial space, of which, over 97% of the available space, excluding property that is under development, is currently leased.
For a review of the risks and uncertainties to which the Company is subject, see the August 31, 2014 annual MD&A.
Contacts:
Madison Pacific Properties Inc.
Mr. Marvin Haasen
President & CEO
(604) 732-6540
(604) 732-6550 (FAX)
Madison Pacific Properties Inc.
Mr. Dino Di Marco
Investor Information
(604) 732-6540
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 21.11.2014 - 02:09 Uhr
Sprache: Deutsch
News-ID 354550
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Commercial Real Estate
Diese Pressemitteilung wurde bisher 253 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Madison Pacific Properties Inc. Announces the Results for the Year Ended August 31, 2014"
steht unter der journalistisch-redaktionellen Verantwortung von
Madison Pacific Properties Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
