Sector: Financials | Industry: Consumer Lending |
Company Contact | |
Address: | 20 Adelaide St E Suite 900 TORONTO ON M5C 2T6 |
Tel: | N/A |
Website: | https://www.atriummic.com |
IR: | See website |
Key People | ||
Robert G. Goodall President, Chief Executive Officer, Director | John Ahmad Chief Financial Officer, Corporate Secretary | Richard Munroe Chief Operating Officer |
Business Overview |
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 shareholders' 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. |
Financial Overview |
For the fiscal year ended 31 December 2023, Atrium Mortgage Investment Corp revenues increased 26% to C$98.6M. Net income increased 11% to C$51.5M. Revenues reflect Rental income increase of 25% to C$634K. Net income was partially offset by Provision for mortgage losses increase from C$1.9M to C$11.9M (expense), Interest and other financing charges increase of 56% to C$15.6M (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $98.57M as of Dec 31, 2023 |
EBITDA (TTM): | $77.41M as of Dec 31, 2023 |
Net annual income (TTM): | $51.49M as of Dec 31, 2023 |
Free cash flow (TTM): | $35.02M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $374.60M as of Dec 31, 2023 |
Shares outstanding: | 44,226,319 as of Apr 8, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |