Company Announcements

VANCOUVER, BC , May 5, 2025 /CNW/ - Wall Financial Corporation (the "Company") released its operating results and financial statements for the three months and year ended January 31, 2025. The Company recorded net earnings and comprehensive income attributable to shareholders of the Company for the year ended January 31, 2025 of $27,405,502 or $0.85 per share compared to $22,233,339 or $0.69 per share in the prior year.

Revenue and income from the rental apartment operations increased due to acquisitions of investment properties in the prior year, a decrease in vacancy rates, and increased rents on tenant turnover. Revenues and earnings from the Company's hotels increased due to higher average daily rates. Revenues and earnings from the Company's development operations increased due to the closing of condominium units in the current period.

The above unaudited financial information, including comparative information, is expressed in Canadian dollars and has been prepared in accordance with International Financial Reporting Standards, using the same accounting policies and methods of application as described in notes 2 and 3 of the Company's audited consolidated financial statements for the years ended January 31, 2025 and 2024.

Wall Financial Corporation is a B.C. based real estate company active in the development and management of residential and commercial rental units, development and construction of residential housing for resale, and the development and management of hotel properties. 

SOURCE Wall Financial Corporation