Madison Pacific Properties Inc. announces the results for the three months ended March 31, 2026


For the three months ended March 31, 2026, the Company is reporting a net income of $11.3 million (three months ended March 31, 2025: $6.2 million); cash flows generated from operating activities before changes in non-cash operating balances of $3.2 million (three months ended March 31, 2025: $3.3 million); and income per share of $0.18 (three months ended March 31, 2025: $0.10). Net income includes an interest recovery on tax appeals of $6.1 million, gains on fair value adjustment on interest rate swaps of $0.6 million (three months ended March 31, 2025: losses of $0.7 million), and a net gain on the fair value adjustment on investment properties of $2.9 million (three months ended March 31, 2025: $5.2 million).



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