VANCOUVER, British Columbia, May 14, 2026 (GLOBE NEWSWIRE) -- Madison Pacific Properties Inc. (the Company) (TSX:MPC), a Vancouver-based real estate company announces the results of operations for the three months ended March 31, 2026.

The results reported are pursuant to International Financial Reporting Standards (IFRS) for public companies.

For the three months ended March 31, 2026, the Company is reporting a net income of $11.3 million (three months ended March 31, 2025: $6.2 million); cash flows generated from operating activities before changes in non-cash operating balances of $3.2 million (three months ended March 31, 2025: $3.3 million); and income per share of $0.18 (three months ended March 31, 2025: $0.10). Net income includes an interest recovery on tax appeals of $6.1 million, gains on fair value adjustment on interest rate swaps of $0.6 million (three months ended March 31, 2025: losses of $0.7 ...