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.

November 02, 2024
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