Atrium Mortgage Investment Corporation Reports Earnings Results for the First Quarter Ended March 31, 2022
May 11, 2022 at 04:57 pm EDT
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Atrium Mortgage Investment Corporation reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CAD 0.142 million compared to CAD 0.189 million a year ago. Revenue was CAD 16.38 million compared to CAD 16.45 million a year ago. Net income was CAD 10.6 million compared to CAD 9.87 million a year ago. Basic earnings per share from continuing operations was CAD 0.25 compared to CAD 0.23 a year ago. Diluted earnings per share from continuing operations was CAD 0.25 compared to CAD 0.23 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 
