Timbercreek Financial (TF) Investor presentation summary

Business overview and strategy

• Focuses on real estate capital solutions, with $30B+ deployed since inception and $3.9B+ AUM as of September 2025.

• Offers balance sheet bridge financing, CMHC financing, and private equity alternatives targeting 15%+ IRR.

• Operates globally with offices in Canada, the US, and Ireland, and a 25+ year track record.

• Portfolio emphasizes short-term, customized lending with fast execution and flexible repayment.

Portfolio composition and performance

• 82% of assets are income-producing properties, with 56.5% in multi-family residential and ~92% in urban markets.

• Portfolio includes 110 mortgage investments averaging $15.2M each, with about two-thirds from repeat borrowers.

• Floating rate loans make up ~86% of the portfolio, supporting risk management in changing rate environments.

• Weighted average LTV remains in the high 60s, with a focus on first mortgages.

Financial highlights and shareholder returns

• 18 years of uninterrupted monthly dividends, with a current monthly dividend of $0.0575 and $0.69 per share paid in 2024.

• Dividend yield stands at 10.2% as of October 2025, with a payout ratio of 97.2% YTD 2025.

• Book value per share is $8.19, with an average price-to-book value of 1.0x over the past 7 years.

• 10-year IRR is just over 7.8%, and the company trades at a ~19% discount to book value.