News / Reports

Dec 30, 2024

Builders Capital Q3 2024 Highlights

• We distributed $0.20 per share to our Class A public shareholders, maintaining our consistent track record of meeting our distribution target every quarter since our inception over 10 years ago.

• Subsequent to the quarter-end, we distributed $0.40 per share to our Class B shareholders based on Q3 2024 earnings. This provided an annualized 16% return on the original $10.00 share issue price.

• We achieved our second-highest gross income to date of $1,257,830, reflecting strong performance and continued business resilience.

Earnings per share remained steady compared to Q2 2024 at $0.26.

• Operating expenses (excluding interest and funds set aside for potential loan losses) were within expectations at 8.7% of revenues.

• Consistent with our strategic goals, we have continued to shift a greater portion of our loans to Alberta. During the quarter, the percentage of loans in Alberta increased from 54% to 64%. This trend is driven by continuing affordability constraints in British Columbia.

• We slightly missed our target weighted average loan-to-value ratio on our mortgage portfolio of 75% by 2%, consistent with the prior quarter. We are pleased to note that this ratio has remained stable at 77% and has not increased quarter over quarter.

Dec 02, 2024

Investment strategy and restrictions

Builders Capital targets short-term construction mortgages on development-stage residential properties, prioritizing quality, regulatory compliance, and strategic focus on less volatile urban markets in Western Canada.

Jan 30, 2025

2023 Quarterly Financial Reports

Here you can find quarterly financial reports in PDF format for the year 2023. These reports provide a detailed overview of the company's financial performance.

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