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    Real Estate

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    Real Estate - Development
Wall Financial Corporation

Wall Financial Corporation

WFC.TO
Wall Financial CorporationCA flagToronto Stock Exchange
20.05
CAD
+0.05
- -
639.41MMarket Cap
Wall Financial Corporation
WFC.TO
(Toronto Stock Exchange)

Recent

price

20.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
6.16
8.32
2.15
8.3
2.05
4.02
9.06
8.71
13.32
13.98
5.64
7.38
4.45
4.79
6.38
5.6
5.43
Revenue per Share
0.98
0.74
0.33
0.76
0.23
0.7
0.58
0.37
1.62
3.61
0.02
0.45
1.49
0.69
0.85
1.04
1
Basic EPS, GAAP
1.49
4.25
-3.01
2.69
-2.06
-3.45
-0.58
-3.98
4.35
9.82
0.1
4.3
1.31
0.29
0.9
1.15
1.23
Free Cash Flow per Basic Share
1.25
1.1
0.25
0.3
0.6
- -
0.61
0.5
1
2
- -
- -
- -
3
- -
- -
1
Dividend per Share
2.34
2.34
2.42
2.89
2.52
3.22
3.54
3.35
3.97
5.57
5.66
5.65
7.26
4.87
5.61
6.6
5.72
Book Value per Share
3.34
2.77
3.12
3.65
3.39
4.23
4.47
5.8
6.57
7.88
8.21
7.57
8.88
6.42
5.73
6.74
5.85
Tangible Book Value per Share
33
33
33
33
33
33
33
34
34
34
34
33
32
32
32
32
32
Basic Weighted Avg Shares
204
276
71
275
68
133
303
296
452
475
192
241
144
155
205
179
174
Sales/Revenue/Turnover
-12.62
24.56
17.25
21.03
14.75
15.81
12.23
10.79
22
38.51
10
16.91
30.81
35.3
31.96
36.99
37.01
Operating Margin (%)
7
6
5
6
8
9
14
14
17
20
18
15
14
13
12
11
11
Depreciation Expense
32
25
11
25
8
23
19
12
55
122
1
15
48
22
27
33
32
Net Income, GAAP
25
11.04
18.79
16.63
5.51
- -
14.8
9.09
23.39
26.3
7.14
24.78
20.39
30.47
26.21
25.88
26.1
Effective Tax Rate (%)
15.9
8.95
15.48
9.21
11.44
17.43
6.44
4.2
12.16
25.8
0.28
6.06
33.4
14.33
13.35
18.59
18.34
Profit Margin (%)
-93
-177
-162
-256
-311
-368
-157
-453
-355
-221
-182
-223
-159
-254
-347
-259
-315
Working Capital
55
53
55
35
75
91
143
216
285
214
251
263
329
330
294
402
403
LT Debt
111
92
103
121
112
140
150
197
223
267
279
247
288
208
184
216
187
Total Equity
-4.14
15.31
2.45
10.79
1.88
- -
4.09
2.97
6.85
13.41
1.95
3.55
4.29
4.52
5.78
5.73
5.25
Return on Invested Capital (%)
7.53
-2.17
3.19
1.96
2.37
- -
1.71
1.77
5.31
13.34
1.02
1.74
7.03
5.15
5.96
5.91
5.43
Return on Capital (%)
35.38
31.83
14.01
28.81
8.66
24.44
17.34
10.72
44.27
75.6
0.29
7.75
22.94
11.31
16.2
17
17.28
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Oct'26
Jan'26
Apr'27
ST Debt
261
273
324
LT Borrowings
405
402
403
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
32
32
32
Market Capitalization
506
511
512

Working Capital

FRC

•

in mil. unless spec.
Oct'26
Jan'26
Apr'27
Total Current Assets
35
47
54
Cash, Cash Equivalents & STI
13
10
15
Accounts Receivable, Net
9
5
8
Inventories
9
27
28
Total Current Liabilities
292
306
369
Payables & Accruals
21
23
28
ST Debt
261
273
324
Deferred Revenue
10
10
16

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.9%
-3.38%
17.06%
Free Cash Flow
428.32%
791.06%
27.26%
Net Income, GAAP
311.92%
561.17%
21.56%
Sales/Revenue/Turnover
13.6%
2.57%
-12.68%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
36
73
54
43
205
2026
43
52
49
36
179
2027
37
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.1
0.35
0.3
- -
0.85
2026
0.18
0.39
0.37
- -
1.04
2027
0.13
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
1
- -
- -
- -
- -
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Business
Wall Financial Corporation operates as a real estate investment and development company focused primarily on the development, acquisition, and management of residential and commercial income-producing properties in Metro Vancouver and the Lower Mainland of British Columbia, Canada. Its core portfolio comprises residential and commercial rental units and hotel properties, including the development and sale of single-family and multi-family housing. The company's subsidiary structure includes multiple property holding and management entities, overseeing over 1,400 residential and commercial rental units and approximately 934 hotel rooms. Founded in 1969 and headquartered in Vancouver, the company has a longstanding presence in real estate development and property management. Recent major changes include ongoing strategic acquisitions such as the purchase of land for development valued at approximately CAD 23.7 million in the fiscal year ended January 2025, alongside significant property acquisitions including investment rental properties and residential units. The company continues to invest in expanding its portfolio, with construction underway on approved development projects such as a 265-unit strata development initiated in late 2024. Leadership changes were also notable with senior management and director appointments made in 2024 and 2025, reflecting an emphasis on strengthening governance. Wall Financial has renewed its normal course issuer bid program to repurchase shares, indicating active management of its capital structure in recent years. The company targets real estate markets primarily within urban and suburban areas of British Columbia, serving a diverse base of residential tenants and commercial clients. Its operations focus on income-producing assets that include rental apartments, commercial office spaces, and hotel accommodations. Wall Financial combines property development activities with income generation through long-term property holdings, positioning itself as a vertically integrated real estate investment and management firm. Overall, Wall Financial Corporation leverages over five decades of expertise in real estate, complemented by recent strategic expansions in property acquisitions and development projects in its core geographic market, supported by active corporate governance adjustments to drive future growth. The company remains a key player in the Canadian real estate sector with a diversified portfolio and ongoing development initiatives.