Halmont Properties Corporation reported its financial results for the year ended December 31, 2024, revealing a net income of $18.39 million, slightly down from $18.49 million in the previous year. The company saw an increase in revenue, reaching $32.02 million in 2024 compared to $27.97 million in 2023. The diluted net income per common share was reported at 12.52¢, down from 12.69¢ the previous year. In 2024, Halmont completed a significant transition of its commercial property and forest asset portfolio, contributing to more than doubling its equity base and increasing the fully diluted book value of its common shares by 53%, from 60¢ to 92¢ per share. Major transactions included acquiring a 50% interest in 25 Dockside Drive, Toronto, through a joint venture with George Brown College, and a 37.5% interest in 2 Queen East, Toronto, in collaboration with Toronto Metropolitan University and Brookfield Property Partners. The company also strengthened its investments in forest properties by acquiring additional shares in Haliburton Forest, increasing its ownership to 59%, and supporting Haliburton Forest's acquisition of the Murry Bros. Lumber Company sawmill. Additionally, Halmont issued $50 million of Series II convertible preferred shares to fuel future investment opportunities. At the end of the year, Halmont revalued its real estate and other investments, resulting in an increase in the fully diluted book value of common shares to 92¢ per share. The company remains focused on enhancing shareholder value and plans to continue share repurchases if shares trade at significant discounts to their book value.