Atrium Mortgage Investment Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 05:47 pm EST
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Atrium Mortgage Investment Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 0.241 million compared to CAD 0.201 million a year ago. Revenue was CAD 20.63 million compared to CAD 15.87 million a year ago. Net income was CAD 11.83 million compared to CAD 10.56 million a year ago. Basic earnings per share from continuing operations was CAD 0.27 compared to CAD 0.25 a year ago. Diluted earnings per share from continuing operations was CAD 0.27 compared to CAD 0.25 a year ago.
For the nine months, sales was CAD 0.31 million compared to CAD 0.582 million a year ago. Revenue was CAD 55.21 million compared to CAD 48.47 million a year ago. Net income was CAD 33.1 million compared to CAD 31.05 million a year ago. Basic earnings per share from continuing operations was CAD 0.77 compared to CAD 0.73 a year ago. Diluted earnings per share from continuing operations was CAD 0.76 compared to CAD 0.73 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 
