Atrium Mortgage Investment Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 05:11 pm EDT
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Atrium Mortgage Investment Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 0.229 million compared to negative sales of CAD 0.073 million a year ago. Revenue was CAD 23.55 million compared to CAD 18.2 million a year ago. Net income was CAD 14.43 million compared to CAD 10.68 million a year ago. Basic earnings per share from continuing operations was CAD 0.33 compared to CAD 0.25 a year ago. Diluted earnings per share from continuing operations was CAD 0.32 compared to CAD 0.25 a year ago.
For the six months, sales was CAD 0.426 million compared to CAD 0.069 million a year ago. Revenue was CAD 47.26 million compared to CAD 34.58 million a year ago. Net income was CAD 28.64 million compared to CAD 21.27 million a year ago. Basic earnings per share from continuing operations was CAD 0.66 compared to CAD 0.5 a year ago. Diluted earnings per share from continuing operations was CAD 0.63 compared to CAD 0.5 a year ago.
Atrium Mortgage Investment Corporation is a non-bank lender, which provides financing solutions to commercial real estate and development communities in urban centers in Canada. It provides residential and commercial mortgages that lend in urban centers in Canada. Its investment objectives are to preserve its shareholdersâ equity and provide its shareholders with stable and secure dividends from its investments in mortgage loans. It provides a range of lending, which includes land and development financing, construction and mezzanine financing, commercial term and bridge financing, and residential mortgages. It invests in various categories of mortgages, such as house and apartment, low-rise residential, construction, high-rise residential, mid-rise residential, commercial and condominium corporations. It has a range of property and loan types, including land for redevelopment, bridge and term financing, residential apartment buildings, industrial properties and retail properties.
ATRIUM MORTGAGE INVESTMENT CORPORATION 
