Yorkton Equity Group Inc. Reports Q3, 2021 Financial Results

... is very pleased to announce its financial results for the three and nine months ended September 30, 2021, and to provide a corporate update ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ [Open in your browser]( [News Blast] [Logo] --------------------------------------------------------------- Press Release - Yorkton Equity Group Inc. Reports Q3, 2021 Financial Results Edmonton, Alberta - December 1st, 2021 - Yorkton Equity Group Inc. ("YEG", the "Company" or "Yorkton") ([TSXV:YEG]( is very pleased to announce its financial results for the three and nine months ended September 30, 2021, and to provide a corporate update. YORKTON MANAGEMENT DISCUSSION AND ANALYSIS Mr. Ben Lui, President and CEO said "Yorkton has made significant gains in Q3 by having revenues increase by 291% and growing the total assets value by over $25.5 million from the previous year as a result of our recent successful completion of acquisitions throughout Alberta and British Columbia. All key metrics are improving including but not limited to rent collection, property renovations and upgrade programs across our portfolio, which are all moving in the right direction despite the challenges presented by the COVID-19 pandemic, a testament to our well experienced property management team with over 30 years of experience." A brief overview of the financial results for the reporting period below should be read in conjunction with the unaudited condensed consolidated interim financial statements and management discussion and analysis, which have been filed on SEDAR on November 29, 2021: - Increase in total assets value by $25,569,697 for the nine months ending September 30, 2021, related to investment properties in Surrey, Kelowna, and Langford British Columbia, as well as Edmonton Alberta - Net rental revenue increases of $146,395 for the three months and $33,340 for the nine months from the comparative periods ending September 30, 2020, as a result of the acquisition of multi-family rental properties and related rental revenue during the second and third quarters. - Increase in general and administration expenses of $147,191 for the three months and $328,192 for the nine months, most of which were due to professional fees incurred during the initial public company start-up phase and the ongoing costs of being a public company. - Increase in interest and financing fees of $109,761 for the three months and $180,981 for the nine months ending September 30, 2021, relating to the increase in financing as a result of the acquisition of our multi-family rental properties. EFFECTIVE COVID-19 PROTOCOLS Pursuant to the Governments' guidelines, comprehensive COVID-19 protocols have been implemented across all of our company's departments for the health and safety of our valued staff and tenants. The stringent measures we have undertaken have allowed our business to expand and grow despite the adverse impact of the COVID-19 pandemic. SECURE, AGGRESSIVE GROWTH BUSINESS MODEL Yorkton's secure, aggressive growth business model consisting of the accretive acquisition of affordable mid-market multi-family rental assets in strategic markets is uniquely structured to prosper, even in times of economic uncertainty, as accommodation is a basic life necessity, and investment in real estate is an excellent hedge against inflation. We have demonstrated our confidence in our business model by the rapid yet secure pace of our building acquisitions and portfolio integration over the past year expanding our portfolio from Edmonton, Alberta, to multiple cities across British Columbia including Langford Victoria, Surrey, Kelowna, Penticton, and in Northern BC in the Fort St. John area. SAFE AND RESILIENT ASSET CLASS It is our firm intention to not only continue our current pace of acquisitions, but also to accelerate our pace of acquisitions in the coming quarters into new markets with significant upside potential. We believe our unique affordable mid-market multi-family rental model will remain a safe and resilient asset class, supported by favourable long-term market fundamentals that has remained favourable despite the current impact of the Covid-19 pandemic. UNPRECEDENTED OPPORTUNITY This expansion will over time allow us to expand our net operating income and grow our net asset values for our shareholders as we stabilize our new property acquisitions. Although inflation may result in some upward pressure on interest rates, with new COVID-19 variants on the horizon, we do not expect any significant increase in the near future. Low interest rates together with increased immigration levels as recently announced by the federal government represents an unprecedented window of opportunity to expand our affordable mid-market multi-family rental portfolio with a significantly reduced cost base. FAVOURABLE OUTLOOK The Government of Canada forecasted a 5.8% economic growth for fiscal year 2021-22, which is supported by $143 billion in new spending measures. In addition, the federal government is boosting its immigration targets, totaling 1.2 million new immigrants over the next three years and Ottawa's recent announcement that it intends to extend work permits for international students also bodes well on the demand side for our affordable mid-market multi-family rental property business. The U.S. government's US$1.9 trillion infrastructure package is also expected to spur significant economic growth that is expected to spill over into the Canadian economy creating jobs and opportunities to support increased immigration levels in the coming years. Yorkton believes our unique affordable mid-market multi-family rental model will remain a safe resilient asset class, supported by favorable long-term market fundamentals that has remained remarkably favorable despite the current impact of the COVID-19 pandemic. Further information about the Yorkton Equity Group Inc. is available on the Company's website at www.yorktonequitygroup.com and the SEDAR website at www.sedar.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD OF DIRECTORS Yorkton Equity Group Inc. "Ben Lui" (signed) Ben Lui, President and CEO For further information on Yorkton, please contact: YEG Corporate Office: (780) 409-8228 Yorkton - Investor Relations: (780) 907-5263 Email: investors@yorktongroup.com Forward-Looking Information This press release may include forward-looking information within the meaning of Canadian securities legislation concerning the business of Yorkton. Forward-looking information is based on certain key expectations and assumptions made by the management of Yorkton. Although Yorkton believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Yorkton can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. Yorkton disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any applicable securities laws or any state of the United States and may not be offered or sold in the United States or to the account or benefit of a person in the United States absent an exemption from the registration requirements Click here to visit the [Yorkton Equity Group Inc.]( website --------------------------------------------------------------- The Information in a Stockhouse Publishing Ltd. Stockhouse News Blast is A PAID ADVERTISEMENT and is for the viewers information only. Yorkton Equity Group Inc. has paid a fee not exceeding $3500.00 in cash or stock to have their corporate information featured. 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