Halmont Properties Corporation

November 06, 2014 15:22 ET

Halmont Properties Corporation: Third Quarter Results

TORONTO, ONTARIO--(Marketwired - Nov. 6, 2014) - HALMONT PROPERTIES CORPORATION (TSX VENTURE:HMT) announced today that the net income to common shareholders for the nine months ended September 30, 2014 was $0.75 million as compared to net income of $0.64 million for the nine months ended September 30, 2013.

Nine months ended
(in millions) September 30,
September 30,
Revenue $ 1.94 $ 1.86
Net income - total $ 1.28 $ 1.19
- for common shareholders $ 0.75 $ 0.64
Net income per share for common shareholders $ 0.01 $ 0.01

On November 6, 2014, the Company acquired a second heritage building in the theatre district of Toronto, Ontario for approximately $19 million.

Halmont Properties Corporation invests directly in real estate and securities of companies with real estate interests.

This news release includes certain forward looking statements including management's assessment of the Company's future plans and operations based on current views and expectations. All statements other than statements of historic facts are forward looking statements. These statements contain substantial known and unknown risks and uncertainties, some of which are beyond the Company's control. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements. Readers should not place undue reliance on these forward looking statements which represent estimates and assumptions only as of the date on which such statements are made. The Company undertakes no obligation to publicly revise or update any forward looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Halmont Properties Corporation
    Edward C. Kress
    416-203-9931 (FAX)