Timbercreek Financial Corp (OTCPK:TBCRF)
$ 5.3485 -0.0515 (-0.95%) Market Cap: 442.36 Mil Enterprise Value: 773.37 Mil PE Ratio: 10.37 PB Ratio: 0.89 GF Score: 76/100

Q3 2021 Timbercreek Financial Corp Earnings Call Transcript

Nov 10, 2021 / 06:00PM GMT
Release Date Price: $7.9
Operator

Good day, ladies and gentlemen. Welcome to Timbercreek Financial First (sic) [Third] Quarter Earnings Call. (Operator Instructions) As a reminder, today's call is being recorded.

I would now like to turn the meeting over to Blair Tamblyn. Please go ahead.

Robert Blair Tamblyn
Timbercreek Financial Corp. - Non-Independent Chair, President & CEO

Thank you, operator. Good afternoon, everyone, and thanks for joining us today to discuss Timbercreek Financial's third quarter financial results. I'm joined today by Scott Rowland, CIO; Tracy Johnston, CFO; and Geoff McTait, Head of Canadian Originations and Global Syndications.

The third quarter played out largely as expected, and we reported DI of $0.17 per share, within the quarterly range we have generated over the past several years. While the DI and adjusted DI payout ratio was above 100% in the quarter, the year-to-date ratio of 95% is a better barometer of 2021 performance, given the variations we will see quarter-to-quarter. Origination activity was solid in Q3, and we exited with

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