Madison Pacific Properties reports Q1 2026 net income of $11.3M, boosted by tax appeal recovery and property gains.

Madison Pacific Properties Inc. announced a net income of $11.3 million for Q1 2026, up from $6.2 million in the same period last year. The increase was driven by a $6.1 million interest recovery from a tax appeal settlement with the Canada Revenue Agency, gains from fair value adjustments on investment properties, and interest rate swaps. The company owns $787 million in investment properties with high occupancy rates and holds development land in British Columbia. This strong start to 2026 reflects improved financial health and ongoing property portfolio growth.