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URBANFUND REPORTS ON FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026
TORONTO, Aug. 20, 2026 /CNW/ — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSXV: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the three and six months ended June 30, 2026 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”).
BUSINESS OVERVIEW AND STRATEGY
Urbanfund Corp. is an incorporated entity listed on the TSX Venture Exchange (“TSX-V”) under the symbol UFC. The Company is a reporting issuer in Alberta, British Columbia and Ontario. Urbanfund’s focus is to invest in Canadian real estate and real estate related projects with a focus on a mix of both residential and commercial properties. The Company’s assets are located in Toronto, Brampton, Belleville, Kitchener and London, Ontario, Quebec City and Montreal, Quebec and Dartmouth, Nova Scotia.
Part of Urbanfund’s strength is its ability to attract partners with proven track records with both residential and commercial development expertise. Urbanfund continues to build alliances with its strategic partners:
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1040 Martin Grove Road, Toronto– During the six months ended June 30, 2026, two commercial units were sold for sales proceeds of $778,732 (June 30, 2025 – three commercial units for $1,255,622). To date, the Company’s capital contribution of $1,870,000 has been fully returned, and an additional profit distribution of $822,545 has been received to date.
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270-330 Esna Park Drive, Markham – During the six months ended June 30, 2026, seven commercial units were sold for sales proceeds of $1,564,659 (June 30, 2025 – 12 commercial units for $2,164,359). To date, the Company’s capital contribution of $1,660,000 has been fully returned, and an additional profit of $1,049,775 has been received to date, of which $611,083 was received subsequent to the quarter end.
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67-69 Westmore Drive, Etobicoke – During the six months ended June 30, 2026, the final two commercial units were sold for total sales proceeds of $1,372,000 (June 30, 2025 – two commercial units for $1,315,040). To date, the Company’s capital contribution of $3,120,000 has been fully returned, and an additional profit distribution of $5,053,399 has been received to date, of which $820,000 was received subsequent to the quarter end.
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3080-3094 Don Mills Road & 200 Van Horne Avenue, Toronto – On December 1, 2025, the Company completed the refinancing of its property, securing a new facility of $16,293,116 at a fixed interest rate of 3.55% for a five-year term. The proceeds were used to fully repay the existing mortgage of $8,022,140 on the property, with the remaining funds available to support general corporate purposes and future growth initiatives, as determined by the Board.
