February 16, 2025
Eppley Caribbean Property Fund Limited SCC (CPFV)
Unaudited financials for the first quarter ended December 31, 2025:
Eppley Caribbean Property Fund Limited SCC (CPFV) for the first quarter ended December 31, 2025, reported a 6% increase in total investment income totalling BDS$2.85 million compared to BDS$2.68 million in the corresponding three months last year. Of this:
- Net rental income amounted to BDS$1.79 million (2024: BDS$1.57 million), this represents an increase of 14% year over year.
- Share of profit of investments decreased by 4% to BDS$869,912 compared to BDS$908,994 for the first quarter ended December 31, 2024.
Fund management fees increased by 6% to close at BDS$261,397 (2024: BDS$246,535), while Professional fees increased by 34% from BDS$120,868 in 2024 to BDS$162,067 for the three months. Also, Interest expenses for the three months amounted to BDS$833,658, a 2% decrease relative to BDS$851,675 reported in 2024, while Office and administrative fees totalled BDS$821 a 94% decrease from the corresponding period last year. (2024: BDS$14,450).
As a result, Operating expenditure for the first quarter amounted to BDS$1.51 million, a 7% decrease relative to BDS$1.62 million reported in 2024.
Profit before tax for the first quarter ended December 31, 2025, amounted to BDS$1.34 million, a 26% increase relative to BDS$1.06 million reported in 2024.
Taxation for the three months had a 138% increase to reach BDS$132,736 (2024: BDS$55,806). As such, Net profit for the three months amounted to BDS$1.20 million, a 20% increase from the BDS$1.01 million reported in 2024.
Consequently, Earnings Per Share for the three months amounted to J$0.71 (2024: EPS: J$0.58). The twelve-month trailing EPS was J$8.76 and the number of shares used in these calculations was 135,517,592.
Notably, CPFV’s stock price closed the trading period on February 13, 2026, at a price of J$47.09 with a corresponding P/E ratio of 5.37x.
Balance Sheet Highlights
The company’s assets totalled BDS$192.00 million (2024: BDS$184.57 million). The growth in total assets was mainly due to BDS$8.05 million or 7% increase in ‘Investment properties’ to close the period of BDS$115.92 million.
Shareholder’s equity was BDS$137.73 million (2024: BDS$127.11 million), representing a book value per share of J$81.23 (2024: J$73.28).
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