Madison Pacific Properties Inc. announces the results for the six months ended June 30, 2026 and declares dividend

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Postmedia has not reviewed the content. by GlobeNewswire Madison Pacific Properties Inc. announces the results for the six months ended June 30, 2026 and declares dividendAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.VANCOUVER, British Columbia, Aug. 13, 2026 (GLOBE NEWSWIRE) — Madison Pacific Properties Inc. (the Company) (TSX: MPC and MPC.C), a Vancouver-based real estate company announces the results of operations for the six months ended June 30, 2026.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe results reported are pursuant to International Financial Reporting Standards (IFRS) for public companies.For the six months ended June 30, 2026, the Company is reporting a net income of $16.0 million (six months ended June 30, 2025: $22.4 million); cash flows generated from operating activities before changes in non-cash operating balances of $6.1 million (six months ended June 30, 2025: $6.0 million); and income per share of $0.26 (six months ended June 30, 2025: $0.30). Net income includes a net gain on the fair value adjustment on investment properties of $5.8 million (six months ended June 30, 2025: $21.9 million), and an interest recovery on tax appeals of $6.1 million.As at June 30, 2026, the Company owns approximately $791 million in investment properties (December 31, 2025: $768 million).Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againAs at the date of this Press Release, the Company’s investment portfolio comprises 54 properties with approximately 2.0 million rentable sq. ft. of industrial and commercial space and a 50% interest in ten multi-family rental properties with a total of 321 units. Approximately 98.34% of available space within the industrial and commercial investment properties is currently leased and within the multi-family residential properties, 97.51% of available units are currently leased. The Company’s development properties include a 50% interest in the Silverdale Hills Limited Partnership which currently owns approximately 1,410 acres of primarily residential designated development lands in Mission, British Columbia.The Company is pleased to announce that a $.0525 per share dividend on each of the Class B voting common shares and Class C non-voting shares will be payable on September 3, 2026 to shareholders of record on August 25, 2026. The dividend is considered an “eligible dividend” for tax purposes.For a review of the risks and uncertainties to which the Company is subject, see its most recently filed annual and interim MD&A.Contact:Mr. Dino Di MarcoPresident & CEOMs. Bernice YipChief Financial OfficerTelephone:(604) 732-6540(604) 732-6540 Address:389 West 6thAvenueVancouver, B.C. V5Y 1L1 This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.