VANCOUVER, BC, June 12, 2026 /CNW/ – Wall Financial Corporation (the "Company") has announced its operating results and financial statements for the three months ended April 30, 2026. The Company reported net earnings and comprehensive income attributable to shareholders of $4,250,854, or $0.13 per share, compared to $5,680,721, or $0.18 per share, in the same period of the previous year.
Financial Highlights
For the three months ended April 30, 2026, total revenue, investment and other income amounted to $37,309,620, down from $43,788,037 in the prior year. Net earnings attributable to shareholders decreased to $4,250,854 from $5,680,721. Earnings per share (diluted and non-diluted) were $0.13 compared to $0.18. Total assets as of April 30, 2026, stood at $1,020,369,127, up from $984,995,927 on January 31, 2026. Total non-current liabilities were $464,439,482, slightly higher than $463,275,949 at the end of the previous fiscal year. The Company paid dividends of $31,926,365, or $1.00 per share, during the quarter.
Operational Performance
Stabilized earnings from rental apartment operations decreased slightly compared to the prior year, while earnings from the Company's hotels remained stable year over year. Revenues and earnings from development operations declined due to fewer condominium unit sales in the current period.
Restatement of Comparative Information
The Company restated its comparative columns in the consolidated statements of earnings and comprehensive income, consolidated statements of changes in equity, and consolidated statements of cash flow for the three months ended April 30, 2025. This restatement followed a reassessment of the classification and measurement of certain non-controlling interests arising from specific limited partnership agreements. Based on the review of the contractual terms, the Company determined that the affected non-controlling interests did not meet the definition of equity under IAS 32 and were required to be classified as financial liabilities and measured at fair value through profit or loss in accordance with IFRS 9. The restatement did not change net earnings and comprehensive income attributable to shareholders of the Company or cash flows.
About Wall Financial Corporation
Wall Financial Corporation is a British Columbia-based real estate company active in the development and management of residential and commercial rental units, development and construction of residential housing for resale, and the development and management of hotel properties. For further information, contact Bruno Wall, Chief Executive Officer, WALL FINANCIAL CORPORATION (TSX: WFC), 1010 Burrard Street, Vancouver, British Columbia V6Z 2R9, 604.893.7131.
SOURCE Wall Financial Corporation
