Gulf & Pacific Equities Corp. reports on Third Quarter Results with Revenue of $1,134,846
Executive Summary
- Gulf & Pacific Equities Corp. reported Q3 2025 revenue of $1,134,846, a 3.0% decline versus the same quarter in 2024.
- Net income before fair‑value adjustments and taxes was $138,922 for the quarter, up from $93,131 YoY.
- Comprehensive net loss for Q3 2025 was $42,054, compared with a loss of $133,199 in Q3 2024.
Key Details
- Revenue:
- Nine‑month ended Sept 30 2025: $3,392,209 (vs. $3,401,615 in 2024)
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Three‑month quarter ended Sept 30 2025: $1,134,846 (vs. $1,169,849 in 2024) – a 3.0% decline YoY
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Net Income (before fair‑value adjustments & taxes):
- Nine‑month: $212,394 (2024: $60,761)
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Quarter: $138,922 (2024: $93,131)
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Net Income per common share (basic & diluted, before adjustments): $0.01 for the quarter (2024: –)
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Comprehensive Net Income / Loss:
- Nine‑month: $(280,390) loss (2024: $131,950 profit)
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Quarter: $42,054 profit (2024: $(133,199) loss)
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Comprehensive Net Income per share (basic & diluted): –$0.01 for the quarter (2024: $0.01)
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Weighted average common shares outstanding:
- Basic: 21,410,685 (nine‑month); 21,410,685 (quarter)
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Diluted: 21,410,685 (nine‑month); 22,015,551 (quarter)
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Management Commentary: President & CEO Anthony Cohen highlighted continued reinvestment of cash flow to expand the portfolio of income‑producing retail assets in Western Canada.
Notable Quotes
“Our consistent reinvestment strategy positions us well to enhance and grow our anchored shopping centre portfolio, even as we navigate modest revenue fluctuations.” – Anthony Cohen, President & CEO.