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RFA Financial Releases Second Quarter Results
TORONTO, Aug. 13, 2026 /CNW/ — RFA Financial Inc. (“RFA” or the “Company”) (TSX: RFA) (TSX: RFA.PR.E) (TSX: RFA.PR.I) announced today its financial results for the three and six months ended June 30, 2026. The second quarter results in this press release should be read in conjunction with RFA’s interim condensed consolidated financial statements and management’s discussion and analysis (“MD&A”) for the period ended June 30, 2026. All amounts are in thousands of Canadian dollars, except per share amounts or as otherwise noted.
“During the second quarter, we successfully executed our disposition strategy while continuing to grow our mortgage portfolio,” said Ben Rodney, President and Chief Executive Officer of RFA. “A key highlight was the recent signing of IG Wealth Management to a 20-year lease agreement at 360 Main Street and 300 Main Street in downtown Winnipeg. This significant milestone secures a long-term commitment from a leading institutional-quality tenant, reflecting the strength of our asset management platform and our team’s ability to drive occupancy and enhance the long-term value of our properties. While we remain in the early stages of realizing the full potential of our combined platform, our results to date reinforce the strength of our strategy, the complementary nature of our businesses, and our ability to generate long-term value through disciplined capital allocation and active asset management.”
Balance Sheet & Liquidity Highlights
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Continued to execute the integration plan by advancing RFA’s disposition strategy, aligning key governance and operating processes, and maintaining disciplined capital allocation.
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Executed the disposition of one industrial property located in Saskatoon, Saskatchewan and a portfolio of 12 industrial properties located in Winnipeg, Manitoba for an aggregate sale price of $93.8 million.
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At June 30, 2026, RFA had entered into an unconditional sale agreement for a portfolio of 10 industrial properties located in Winnipeg, Manitoba for a sale price of $76.5 million. The disposition closed in July 2026.
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Subsequent to June 30, 2026, RFA entered into an unconditional sale agreement for a retail property located in Spruce Grove, Alberta, for an aggregate sale price of $34.0 million. The disposition is anticipated to close in August 2026.
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Utilized the NCIB to purchase 530,300 common shares at a weighted-average price of $25.61.
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Reported a common equity tier 1 ratio (“CET 1 Ratio”) for RFA Bank of 17.46% for the second quarter of 2026, reflecting RFA Bank’s disciplined capital management and balance sheet strength.
