VANCOUVER, BC, Sept. 6, 2024 /CNW/ - Wall Financial Corporation (the "Company") released its operating results and financial statements for the six months ended July 31, 2024. The Company recorded net earnings and comprehensive income attributable to shareholders of the Company for the six months ended July 31, 2024 of $14,775,288 or $0.45 per share compared to $11,908,823 or $0.37 per share in the prior period.
Revenue and income from the rental apartment operations increased due to acquisitions of investment properties in the prior year, a decrease in vacancy rates, and increased rents on tenant turnover. Revenues and earnings from the Company's hotels increased due to higher average daily rates. Revenues and earnings from the Company's development operations increased due to the closing of condominium units in the current period.
Three months ended July 31
Six months ended July 31
