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

Q2 2024 Timbercreek Financial Corp Earnings Call Transcript

Aug 01, 2024 / 05:00PM GMT
Release Date Price: $5.9
Operator

Good day, ladies and gentlemen, and welcome to Timbercreek Financial second-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.

R. Blair Tamblyn
Timbercreek Financial Corp - Chairman of the Board, Chief Executive Officer

Thank you, operator. Good afternoon, everyone. Thanks for joining us to discuss the second-quarter financial results. I'm joined as usual by Scott Rowland, CIO; Tracy Johnston, CFO; and Geoff McTait, Head of Canadian Originations and Global Syndications.

The overall portfolio performed well in the second quarter. We reported improved sequential results and demonstrated our ability to generate consistent, healthy cash flows, and dividends with a conservative payout ratio, while we navigate a transition period in the commercial real estate markets.

Building on strong Q1 origination activity, we continue to have success redeploying capital into high-quality loans as we expand the portfolio back to

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