November 30, 2020 (Burlington, Ontario) Tempus Capital Inc. (“Tempus” or the “Company”) (CSE: TEMP) is pleased to report its operational and financial results for the nine-month period ending in September 30, 2020.
The financial statements and MD&A were filed electronically on SEDAR.
Q3 2020 FINANCIAL HIGHLIGHTS
- Maintained 98% occupancy rate, despite the impacts of COVID-19.
- Rental revenue of $240,675, a slight decrease of 2% from $245,677 for the same quarter of 2019.
- Achieved positive net income for the quarter.
“We closed our third quarter with a strong occupancy rate even through the ongoing global pandemic,” said Russell Tanz, Tempus President and CEO. “We continue to be extra diligent adhering to government regulations regarding COVID 19, as the health of our tenants and employees remains paramount. Tempus continues to explore new opportunities both on the real estate front as well as part of our diversification strategy as we
build shareholder value.”
Notably, the Company continues to achieve rental increases on new leases, which is in line with the current rental trends in respective regions.
The new joint venture to manufacture cannabis edibles, as previously announced on November 4, 2020, continues to move ahead as expected. The Company anticipates a line of specialty edible cannabis products which will begin generating revenue in Q1 2021.
Live Webinar
Tempus invites investors to join President and CEO, Russell Tanz as he joins PBA (Paul Benwell & Associates) for a presentation on the Company and update on the ongoing activities. The webinar will take place on
Wednesday, December 9th at 12:00pm EST. The link provides online registration to join the webinar:
https://tinyurl.com/PBAaNoonTempusCapital
After registering, you will receive a confirmation email containing information about joining the webinar.
About Tempus
Tempus is a real estate operating company engaged in the acquisition, development and ownership of income producing properties in Canada, with a focus on strip mall shopping centres, storefront retail and mixed residential and commercial properties. Tempus is a reporting issuer in British Columbia, Ontario and Alberta.
On behalf of the board of directors
Tempus Capital Inc.
“Russell Tanz”
President and CEO
1-416-446-7898
This press release may contain certain forward-looking statements, which reflect Management’s expectations regarding future transactions which constitute forward-looking statements. Whenever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect Management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Tempus cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Tempus assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Many factors could cause Tempus’ actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. No regulator nor any Regulation Services accepts responsibility for the adequacy or accuracy of this press release. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.