Timbercreek Financial Corp (FRA:58O)
€ 5.25 0 (0%) Market Cap: 448.57 Mil Enterprise Value: 743.84 Mil PE Ratio: 11.31 PB Ratio: 0.97 GF Score: 73/100

Q4 2022 Timbercreek Financial Corp Earnings Call Transcript

Feb 23, 2023 / 06:00PM GMT
Release Date Price: €5.55
Operator

Good day, ladies and gentlemen. Welcome to Timbercreek Financial fourth quarter earnings call. (Operator Instructions) As a reminder, today's call is being recorded. I would now like to turn the meeting over to Blair Tamblyn. Please go ahead.

Robert Blair Tamblyn
Timbercreek Financial Corp. - Non-Independent Chair and President & CEO of Timbercreek Capital Inc.

Thank you, operator. Good afternoon, everyone. Thanks for joining us to discuss the fourth quarter financial results. As usual, I'm joined by Scott Rowland, CIO; Tracy Johnston, CFO; and Geoff McTait, Head of Canadian Originations and Global Syndications.

We closed 2022 with a very strong fourth quarter across our key financial measures as we benefited from higher interest rates applied across a larger portfolio of variable loans. This translated into strong growth in our investment income and distributable income. For example, DI was up 14% to $18 million in Q4 from the prior year quarter, and it grew 10% for the full year to $66 million after provisions. In this period of unusually rapid

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