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Madison Pacific Properties Inc. reported a $44.2 million net loss for the year ending August 31, 2024.
Madison Pacific Properties Inc., a Vancouver real estate firm, reported a net loss of $44.2 million for the year ending August 31, 2024, down from a net income of $19.0 million in 2023.
The loss was primarily due to a $51.5 million tax provision and fair value adjustments.
The company owns $708 million in properties, with 91.25% of its industrial and commercial space and 98.2% of its residential units leased.
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Madison Pacific Properties Inc. reportó una pérdida neta de 44,2 millones de dólares para el año que terminó el 31 de agosto de 2024.