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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.
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The results reported are pursuant to International Financial Reporting Standards (IFRS) for public companies.
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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.
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As at June 30, 2026, the Company owns approximately $791 million in investment properties (December 31, 2025: $768 million).
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As 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.
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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.
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For a review of the risks and uncertainties to which the Company is subject, see its most recently filed annual and interim MD&A.
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| Contact: | Mr. Dino Di Marco President & CEO | Ms. Bernice Yip Chief Financial Officer |
| Telephone: | (604) 732-6540 | (604) 732-6540 |
| Address: | 389 West 6thAvenue Vancouver, B.C. V5Y 1L1 | |
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English (US)