Yorkton Equity Group Inc. Announces Financial Results for the Third Quarter Ended September 30, 2025

Executive Summary

• Yorkton Equity Group reported Q3 2025 financial results, showing total assets of $140.17 million across 518 residential units and one commercial property.
• Net income for the three‑month period was $62,900 (down from $1.19 M YoY), while nine‑month comprehensive income fell to $980,869 (down from $2.23 M YoY).
• Management highlighted operational improvements, rent increases, and expected stabilization of occupancy after higher tenant turnover.

Key Details

• Total Assets (9/30/2025): $140.17 million, comprising:
• Residential portfolio – 518 units, fair market value $124.46 million.
• Commercial property – 28,026 sq ft net leasable area, fair market value $12.00 million (plus adjacent parking lot).
• Financial Highlights (Three‑Month vs. Prior Year):
• Net income: $62,900 vs. $1,185,796 (2024).
• Comprehensive income: $980,869 vs. $2,233,199 (2024).
• Nine‑Month Comparisons (9 months ended Sep 30, 2025):
• Net income and comprehensive income both declined year‑over‑year as noted above.
• Operational Commentary:
• Rent increases in Edmonton led to higher tenant turnover, temporarily raising vacancy losses and maintenance costs.
• Management expects stabilization as increased rental rates boost occupancy and overall NOI.
• Commercial Rental Revenue: Not material during the three‑ and nine‑month periods; revenue from Alberta and British Columbia commercial units was insignificant.
• Strategic Update: All buyer’s conditions on the 184‑unit Crystallina property were removed (previously announced Oct 24, 2025).

Notable Quotes

“Through focused operational improvements and disciplined execution, our management team continues to enhance the performance of our portfolio,” – Ben Lui, President & CEO.
“Strategic rent increases initially led to higher tenant turnover, and we are now seeing stabilization with stronger occupancy and higher rental income.” – Ben Lui, President & CEO.