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Highlights
- Rental revenue surged 42% in FY24, reflecting portfolio growth.
- Occupancy remained at 98%, highlighting growing tenant demand.
- Yorkton expanded its portfolio to 518 residential units across key Western Canadian markets.
- Q1 2025 residential rental revenue rose 3% year-over-year, with rents up 5%.
- Strategic transactions and disciplined capital deployment position Yorkton for continued expansion.
Yorkton Equity Group Inc. (TSXV:YEG) is a growth-oriented real estate investment company focused on multi-family rental properties in Alberta and British Columbia, Canada. The company is committed to increasing Net Operating Income (NOI) and maximising asset values across its growing portfolio in key markets throughout Western Canada.
Its strategy centers on acquiring high-quality, income-producing residential assets, including apartment buildings and townhouse complexes, in high-growth, high-demand markets across the country.
The company also aims to drive consistent NOI growth through organic expansion and operational efficiencies, while enhancing the portfolio’s Net Asset Value (NAV) through accretive acquisitions.
FY24: Financial and Operational Performance
In the fiscal year ended December 31, 2024 (FY24), Yorkton’s residential segment saw substantial growth:
- Rental revenue increased by 42% compared to 2023.
- Net rental income rose by 38%.
- Occupancy remained high, averaging 98%.
- The weighted average number of units expanded by 33%.
- Average monthly rental revenue per unit increased by 5%
Expanding and Diversifying the Portfolio
As of December 31, 2024, Yorkton held total assets of CAD 137.08 million. These assets include one commercial rental unit and 518 residential rental units across the properties with a combined fair market value of CAD 122.89 million. The company also holds a commercial property with 28,026 square feet of net leasable space, along with an adjacent parking lot valued at CAD 11.95 million.
This diversified real estate portfolio positions Yorkton to capitalize on market demand.
Corporate Highlights and Strategic Transactions
Since the fiscal year-end, Yorkton continued to execute on its growth strategy through key transactions:
- An asset purchase agreement was executed to sell certain restaurant assets for CAD 483,030. A new five-year lease was signed with the purchaser, and an existing tenant settled outstanding lease obligations totaling CAD 90,000.
- A loan agreement was signed with Lui Holdings Corporation to borrow CAD 1.4 million at an annual interest rate of 3.05%. The proceeds were invested in a guaranteed investment certificate (GIC) while identifying potential acquisitions.
Q1 2025: ontinued Growth and Operational Resilience
For the three months ended March 31, 2025 (Q1 2025):
- Residential rental revenue reached CAD 2.31 million, a 3% increase from the same period in 2024.
- Net rental income remained steady at CAD 1.4 million.
- The average occupancy rate was 96%.
- Average monthly rental revenue per unit rose by 5% to CAD 1,547.
Operational enhancements were introduced across the portfolio, including aligning rents at the FUSE property to current market rates. Management noted that while these adjustments temporarily increased vacancy and maintenance costs, they are expected to stabilize in the coming quarters.
Commercial rental revenue and net rental income for Q1 2025 remained consistent with prior periods. Overall net income and comprehensive income totalled CAD 213,828, compared with CAD 1,038 for the same quarter in 2024.
Yorkton Equity Group continues to execute a clear, disciplined growth strategy focused on enhancing NOI, improving asset quality, and expanding its footprint in high-potential markets. With its growing asset base, high occupancy levels, and a proven track record of accretive acquisitions, the company is well-positioned to capitalize on emerging opportunities and expand its presence in high-potential markets.
YEG traded at CAD 0.18 on 24 September 2025.
