Original News Release
Halmont Properties earns $9.17-million in Q2
Ms. Heather Fitzpatrick reports
HALMONT PROPERTIES CORPORATION SECOND QUARTER RESULTS
Halmont Properties Corp. net income to shareholders for the six months ended June 30, 2025, was $9.2-million, as compared with a net income of $7.8-million for the six months ended June 30, 2024.
There were no major transactions during the quarter; financial results reflect the continued contribution from investments completed in 2024, including the repositioning of the company's commercial property and forest portfolios. These included the acquisitions of interests in 25 Dockside Drive and 2 Queen East, as well as a $1.0-million investment in Haliburton Forest, increasing the company's effective ownership to 59 per cent.
The fully diluted book value of Halmont's common shares, assuming the conversion of its capital notes and convertible preferred shares, increased to 95 cents per common share, compared with 84 cents in June, 2024.
Halmont Properties invests directly in real assets, including commercial, forest and residential properties.
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