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    Real estate development
Urbanfund Corp.

Urbanfund Corp.

TTSXV:UFC
0.87
CAD
0.00
(0.00%)
0.09EPS
8.27P/E
46.90MMarket Cap
Urbanfund Corp.
TSXV:UFC
(TSX Venture Exchange)

Recent

price

0.87

P/E

ratio

8.27

div

yld

6.18%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CAD
0.08
0.08
0.08
0.1
0.11
0.11
0.11
0.12
0.23
0.11
0.21
0.13
0.45
0.16
0.41
0.22
0.22
Revenue per Share
0.03
0.09
0.07
0.05
0.07
0.07
0.08
0.16
0.11
0.14
0.17
0.2
0.14
0.12
0.18
0.09
0.11
Basic EPS, GAAP
0.02
0.02
0.01
0.02
0.03
-0.06
-0.02
0.03
0.09
0.06
0.12
-0.04
0.15
0.05
0.24
0.09
0.09
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.01
0.01
0.02
0.04
0.04
0.04
0.05
0.05
Dividend per Share
0.28
0.37
0.43
0.49
0.56
0.63
0.69
0.84
0.93
1.03
1.14
1.23
1.36
1.42
1.53
1.56
1.59
Book Value per Share
0.28
0.37
0.43
0.49
0.56
0.63
0.69
0.84
0.93
1.03
1.14
1.23
1.36
1.42
1.53
1.56
1.59
Tangible Book Value per Share
43
44
44
44
44
44
44
45
46
47
48
50
52
52
53
54
54
Basic Weighted Avg Shares
3
4
3
4
5
5
5
6
10
5
10
6
24
9
22
12
12
Sales/Revenue/Turnover
53.18
54.77
46.04
48.72
45.12
39.47
39.34
39.38
31.84
43.51
36.78
43.46
39.16
52.9
40.06
43.86
43.27
Operating Margin (%)
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
4
3
2
3
3
3
7
5
7
8
10
7
6
10
5
6
Net Income, GAAP
23.6
15.66
12.33
20.27
- -
19.09
12.63
32.27
14.17
3.75
17.44
13.8
21.75
14.74
21.88
23.71
19.83
Effective Tax Rate (%)
34.27
101.9
84.42
54.14
64.62
69.81
70.11
131.8
46.5
125.77
78.78
159.74
30.85
73.86
43.55
40.84
48.14
Profit Margin (%)
3
4
2
3
-3
7
8
11
12
8
-14
9
9
8
3
13
14
Working Capital
18
18
8
18
11
23
30
35
28
32
29
55
52
55
45
55
55
LT Debt
13
17
20
22
25
29
33
41
45
51
58
68
73
78
85
87
89
Total Equity
6.04
5.1
4.05
4.48
- -
3.04
2.88
2.07
3.81
2.79
3.16
1.96
5.35
2.76
4.85
2.69
2.81
Return on Invested Capital (%)
6.4
13.54
10.72
8.26
- -
8.02
6.24
11.18
8.09
9.62
9.07
9.26
6.63
5.72
7.85
4.29
5.06
Return on Capital (%)
10.39
26.37
16.57
11.91
13.46
12.62
11.93
21.08
12.07
14.28
15.27
16.95
10.81
8.78
12.27
5.77
6.73
Return on Common Equity (%)

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7
6
6
LT Borrowings
55
55
55
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
1
1
1
Shares Outstanding
54
54
54
Market Capitalization
46
44
47

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
22
22
23
Cash, Cash Equivalents & STI
20
10
10
Accounts Receivable, Net
1
1
1
Inventories
1
1
- -
Total Current Liabilities
9
9
8
Payables & Accruals
2
2
1
ST Debt
7
6
6
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.8%
8.44%
2.31%
Free Cash Flow
-35.73%
-62%
-62.98%
Net Income, GAAP
12.66%
-2.52%
-50.28%
Sales/Revenue/Turnover
43.04%
55.5%
-46.98%
Total Cash Common Dividend
60%
68.03%
21.51%

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4
9
6
3
22
2025
2
4
3
3
12
2026
3
3
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.03
0.09
0.18
2025
0.02
0.02
0.04
- -
0.09
2026
0.03
0.03
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.01
0.01
0.04
2025
0.01
0.01
0.01
0.01
0.05
2026
0.01
0.01
- -
- -
- -
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Business
Urbanfund Corp. (TSXV: UFC) is a Toronto-based real estate investment company founded in 1997 and headquartered at 35 Lesmill Road, Toronto, Ontario, that acquires, develops, owns, operates, and manages a diversified portfolio of income-producing residential and commercial properties across urban markets in Canada, including Toronto, Brampton, Belleville, Kitchener, and London in Ontario; Montreal and Quebec City in Quebec; and Dartmouth in Nova Scotia. The company focuses on mixed-use assets such as multi-residential townhouse complexes, industrial facilities, and commercial retail units; key holdings include a townhouse development at 1040 Martin Grove Road in Toronto through strategic partnerships where it sells residential and commercial units generating returns of capital exceeding $11.7 million as of September 2025; a 20% interest in Bellbrook Residential Inc. acquired in 2019 for residential development; a joint venture for a 40% interest in the Etobicoke industrial complex at 67-69 Westmore Drive formed in January 2022; and other properties like 2074-84 Steeles Avenue East, 308-309 Don Mills Road, and 200 Van Horne Avenue in Toronto for residential and mixed-use operations that produce stable rental income supplemented by development profits and strategic joint ventures with partners offering residential and commercial expertise. Urbanfund targets mid-market opportunities in established neighborhoods, leveraging local market knowledge for value enhancement through active management, while maintaining a dividend reinvestment plan (DRIP) since 2015 that enables shareholders to acquire additional common shares at a discount. In recent developments, the company refinanced its Toronto townhouse complex at 308-309 Don Mills and 200 Van Horne Avenue in December 2025 with a $16.3 million five-year mortgage from First National Financial LP at a fixed rate of prime plus 1.55%, fully repaying the prior $8.0 million mortgage and freeing capital for general corporate purposes and growth; during the nine months ended September 30, 2025, it sold four commercial units at 1040 Martin Grove Road for $1.7 million in proceeds and issued 153,894 common shares under the DRIP valued at $119,038; it also reported ongoing unit sales at the same development through March 2025 and declared multiple dividends in 2025 including in June, August, and prior quarters.