TORONTO, March 19, 2026 /CNW/ - Invesque Inc. (TSX:IVQ) (TSX: IVQ) (the "Company") today reported its results for the three and twelve months ended December 31, 2025.
Fourth Quarter 2025 and Subsequent Highlights
As previously announced, on October 1, 2025, the Company sold a seniors housing asset in Chesapeake, Virginia for US$6.6 million
As previously announced, on December 11, 2025, the Company sold a portfolio of four seniors housing assets in New Jersey and Pennsylvania for US$57.0 million
As previously announced, on December 18, 2025, the Company sold a medical office building located in Camillus, New York for US$4.1 million
As previously announced, on December 23, 2025, the Company sold its interests in four seniors housing communities in Canada resulting in net equity of CAD$31.0 million
As previously announced, on January 23, 2026, the Company redeemed in full its outstanding 9.75% unsecured subordinated debentures due December 30, 2027
"The successful execution of our disposition strategy in 2025 reduced our portfolio to seven owned assets at year-end while significantly simplifying our debt profile through property-level debt payoffs and the January 2026 debenture repayment," commented Quinn Haselhorst, Chief Financial Officer for the Company. "We remain committed to our disciplined disposition strategy in 2026 as we look to pursue additional asset sales given the favorable market dynamics we are currently seeing in the industry."
Financial Highlights
Three months ended December 31,
Year ended December 31,
(in thousands of U.S. dollars)
2025
2024
2025
2024
Revenue
$3,288
$38,747
$76,786
$167,869
Net Loss
(5,330)
(3,637)
(31,490)
(33,219)
FFO1
(2,138)
(216)
(3,623)
4,793
AFFO2
(1,212)
1,554
1,452
5,749
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1 FFO is a measure used by management to evaluate operating performance. Please refer to the section "Non-IFRS Measures" in this press release for more information.
2 AFFO is a measure used by management to evaluate operating performance. Please refer to the section "Non-IFRS Measures" in this press release for more information.
About Invesque
Invesque is a North American health care real estate company with an investment thesis focused on the premise that an aging demographic will continue to utilize health care services in growing proportion to the overall economy. The Company currently capitalizes on this opportunity by investing in a portfolio of income-generating, private pay seniors housing communities. Invesque's portfolio includes investments in independent living, assisted living, and memory care, which are operated under joint venture arrangements with industry-leading operating partners and in owner-occupied seniors housing properties in which the Company owns the real estate, and the licensed operations.
Forward-Looking Information
This press release (this "Press Release") contains certain forward-looking information and/or statements ("forward-looking statements"), that reflect and are provided for the purpose of presenting information about management's current expectations and plans relating to the future, including, without limitation, the Company's plan to strategically dispose of additional assets. Forward-looking information is typically identified by terms such as "anticipate," "believe," "continue," "expect," "expectations," "look," "may," "plan," "project," "should," "will," and other similar expressions that do not relate solely to historical matters and suggest future outcomes or events. Readers should not place undue reliance on forward-looking statements and are cautioned that forward-looking statements may not be appropriate for other purposes. Forward-looking information is generally based on a number of assumptions, opinions, and estimates, including, but not limited to, that the Company will be in a position to capitalize on favorable market dynamics and dispose of certain of its portfolios in the future. While these assumptions, opinions, and estimates are considered by the Company to be appropriate and reasonable in the circumstances as of the date of this Press Release, they are subject to a number of known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: the Company not being in a position to dispose of certain of its portfolios in the future as a result of there being no buyers or as a result of shifting market conditions and other risks described in the Company's current annual information form and management's discussion and analysis, available on SEDAR+ at www.sedarplus.ca, which risks may be dependent on market factors and not entirely within the Company's control. Although management believes that it has a reasonable basis for the expectations reflected in these forward-looking statements, actual results may differ from those suggested by the forward-looking statements for various reasons. These forward-looking statements reflect current expectations of the Company as of the date of this Press Release and speak only as of the date of this Press Release.
There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from ...
