Halmont Properties earns $9.17-million in Q2

Executive Summary

• Halmont Properties Corp. reported net income to shareholders of $9.2 million for the six months ended June 30, 2025, an increase from $7.8 million in the same period of 2024.
• The company’s fully diluted book value per common share increased to 95 cents, up from 84 cents in June 2024, assuming conversion of capital notes and convertible preferred shares.
• Financial results reflect continued contributions from 2024 investments, including the repositioning of commercial and forest portfolios and specific acquisitions.

Key Details

• Net Income: $9.2 million for the six months ended June 30, 2025, compared to $7.8 million for the six months ended June 30, 2024.
• Book Value: Fully diluted book value per common share increased to 95 cents (as of June 30, 2025), compared to 84 cents in June 2024. This calculation assumes the conversion of capital notes and convertible preferred shares.
• Investment Activity: No major transactions occurred during the quarter; results reflect ongoing contributions from investments completed in 2024.
• Portfolio Repositioning: The company continued repositioning its commercial property and forest portfolios.
• Specific Acquisitions/Investments:
  • Acquired interests in 25 Dockside Drive.
  • Acquired interests in 2 Queen East.
  • Made a $1.0 million investment in Haliburton Forest, increasing effective ownership to 59 percent.
• Business Description: Halmont Properties invests directly in real assets, including commercial, forest, and residential properties.