Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Huntingdon Capital launches strategic review on low share price

RICHMOND, B.C. - Huntingdon Capital Corp. has launched a strategic review into why its share price is below what it believes to be the company's "intrinsic" value.

The review is being led by financial adivsers, Trimaven Capital Advisors Inc. and Evercore Partners Canada Ltd.

Huntingdon (TSX:HNT) says it will assess "all proposals and alternatives" at the end of the review on how it can improve the "persistent discount" of its share price, but warned shareholders that there is no guarantee the review will lead to any improvement.

The company points out that it has had success at improving its operating margins and also managed the initial public offering of FAM Real Estate Investment Trust, which delivered a total return of approximately 176 per cent to shareholders.

"Despite these milestones, Huntingdon's shares continue to trade well below IFRS value and do not reflect the true value of Huntingdon's assets and management platform," said Matt Goldfarb, chair of a special committee at Huntingdon charged with overseeing the strategic review.

Huntingdon operates and manages a portfolio of 35 industrial, office, retail and aviation-related properties throughout Canada with a total gross leasable area of 2.7 million square feet.

The company also owns an approximate 29 per cent interest in FAM REIT (TSX:F.UN) and manages, on behalf of FAM REIT, a portfolio of 28 industrial, office, and retail properties throughout Canada with a gross leasable area of 1.8 million square feet.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Submit a Random Act of Kindness
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates