Atrium Mortgage Investment Corporation Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 29, 2020 at 05:09 pm EDT
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Atrium Mortgage Investment Corporation announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was CAD 16.241 million compared to CAD 16.565 million a year ago. Net income was CAD 9.821 million compared to CAD 9.667 million a year ago. Basic earnings per share from continuing operations was CAD 0.23 compared to CAD 0.25 a year ago. Diluted earnings per share from continuing operations was CAD 0.23 compared to CAD 0.24 a year ago. For the half year, total revenue was CAD 33.298 million compared to CAD 32.343 million a year ago. Net income was CAD 19.685 million compared to CAD 18.902 million a year ago. Basic earnings per share from continuing operations was CAD 0.47 compared to CAD 0.49 a year ago. Diluted earnings per share from continuing operations was CAD 0.47 compared to CAD 0.48 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 
