May 16, 2025
Eppley Caribbean Property Fund Limited SCC (CPFV)
Unaudited financials for the nine months ended June 30, 2025:
Eppley Caribbean Property Fund Limited SCC (CPFV) for the nine months ended June 30, 2025, reported a 3% decrease in Total Investment Income totaling BDS$8.45 million compared to BDS$8.68 million in the corresponding period last year. Total Investment Income for the third quarter had a 18% increase to close at BDS$3.03 million compared to BDS$2.56 million for the comparable quarter of 2024. Of this:
Net rental income amounted to BDS$5.23 million (2024: $4.16 million), this represents an increase of 26% year over year.
Share of profit of investments increased by 9% to BDS$2.66 million compared to BDS$2.45 million for the nine months ended June 30, 2024.
Fund management fees increased by 8% to close at BDS$726,304 (2024: BDS$673,363).
Investment advisor fees increased by 8% to close at BDS$726,304 (2024: BDS$673,363).
Professional fees increased by 23% from BDS$384,328 in 2024 to BDS$474,257 in the period under review.
Interest expenses for the nine months ended June 30, 2025, amounted to BDS$2.50 million, a 37% increase relative to BDS$1.82 million reported in 2024.
Office and administrative fees totalled BDS$31,986, a 38% decrease from the corresponding period last year. (2024: BDS$51,851).
As a result, operating expenditure for the nine months ended June 30, 2025, amounted to BDS$4.43 million, a 29% increase relative to BDS$3.44 million reported in 2024.
Profit before tax for the nine months ended June 30, 2025, amounted to BDS$4.02 million, a 23% decrease relative to BDS$5.25 million reported in 2024. Profit before tax for the third quarter amounted to $1.64 million (2024: BDS$1.17 million).
Taxation for the nine months ended June 30, 2025, had a 70% increase to reach BDS$241,278 (2024: BDS$141,546). As such, Net profit for the nine months amounted to BDS$3.78 million, a 26% decrease from the BDS$5.11 million reported in 2024. For the third quarter, Net profit was BDS$1.48 million (2024: BDS$1.13 million).
Earnings Per Share for the nine months amounted to BDS$0.03 (2024: EPS: BDS$0.04), while Earnings Per Share for the quarter totaled BDS$0.01 (2024: EPS: BDS$0.01). The twelve-month trailing EPS was BDS$0.09, (J$7.37) and the number of shares used in these calculations was 135,517,592.
Notably, CPFV’s stock price closed the trading period on August 15, 2025, at a price of J$42.50 with a corresponding P/E ratio of 5.77x.
Balance Sheet Highlights
The company’s assets totalled BDS$180.24 million (2024: BDS$166.32 million). The growth in total assets was primarily driven by a $11.36 million or 29% increase in Investment in Associated Company. Notably, Investment properties increased by BDS$6.45 million, but was offset by a BDS$5.87 million decrease in Cash.
Shareholder’s equity was BDS$126.49 million (2024: BDS$119.61 million), representing a book value per share of BDS$0.93 (2024: BDS$0.88).
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