Wall Financial Corporation. (T:WFC)
Business Focus: Real Estate Rental, Development & Operations (NEC)
| Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
| Company Contact | |
| Address: | 1010 Burrard Street VANCOUVER BC V6Z 2R9 |
| Tel: | N/A |
| Website: | https://www.wallfinancialcorporation.com |
| IR: | See website |
| Key People | ||
| Bruno Wall President, Director | Darcee Wise President, Peter Wall Mansion and Estates, Director | Sascha Voth General Manager and Vice President of Hotel Operations, Director |
| Business Overview |
| Wall Financial Corporation is a Canada-based real estate investment and development company. The Company is focused on the development and management of residential and commercial rental units, development and construction of residential housing units for sale and development and management of hotel properties. The Company's segments include ownership and management of residential and commercial rental properties (investment properties), the development and sale of residential housing (development properties), and the ownership and management of hotel properties (property, plant and equipment). Its property under development includes Ivy on the Park, Eagle Mountain and Trails North Vancouver projects. The Company owns and manages over 934 hotel units (188 at the Westin Wall Center, Vancouver Airport, and 746 at the Sheraton Vancouver Wall Center). It also owns and manages approximately 1,523 residential and commercial rental units located in Metro Vancouver. |
| Financial Overview |
| For the nine months ended 31 October 2023, Wall Financial Corporation revenues increased 8% to C$122.6M. Net income decreased 53% to C$21.7M. Revenues reflect Hotel segment increase of 33% to C$87.5M, Occupancy - %-Sheraton increase of 7% to 87.6%, Average Daily Room Rate (ADR)-Sheraton increase of 29% to C$300. Net income was offset by Gain on sale of asset decrease from C$30.3M (income) to C$0K. |
| Employees: | 488 as of Jan 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,255M as of Oct 31, 2023 |
| Annual revenue (TTM): | $153.34M as of Oct 31, 2023 |
| EBITDA (TTM): | $67.11M as of Oct 31, 2023 |
| Net annual income (TTM): | $23.34M as of Oct 31, 2023 |
| Free cash flow (TTM): | -$30.90M as of Oct 31, 2023 |
| Net Debt Last Fiscal Year: | $515.97M as of Oct 31, 2023 |
| Shares outstanding: | 32,291,565 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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