Invesque (IVQ) Q1 2026 earnings summary

Executive summary

• Fully redeemed US$27.3 million of 9.75% unsecured subordinated debentures due December 2027 in January 2026.

• Signed agreement to sell two seniors housing assets in the Northeast, expected to close in Q3 2026, pending due diligence.

• Continues to focus on strategic asset dispositions to capitalize on favorable U.S. seniors housing market dynamics.

Financial highlights

• Revenue for Q1 2026 was $2.6 million, down from $37.4 million in Q1 2025.

• Net income for Q1 2026 was $301,000, compared to a net loss of $8.9 million in Q1 2025.

• FFO for Q1 2026 was $(964,000), down from $2.1 million in Q1 2025.

• AFFO for Q1 2026 was $(997,000), compared to $2.2 million in Q1 2025.

Outlook and guidance

• Expects meaningful updates on asset sales following Q2 2026.

• Plans to continue strategic dispositions to leverage favorable market conditions in the seniors housing sector.