En­deav­our Hold­ings Ltd (EHL) has record­ed a net prof­it af­ter tax of $48.2 mil­lion for the year end­ed April 30, 2025, an in­crease of 12.3 per cent com­pared to $42.9 mil­lion the re­al es­tate com­pa­ny earned for the same pe­ri­od in 2024.

“This in­cludes a fair val­ue ad­just­ment write-up of $10.2 mil­lion on in­vest­ment prop­er­ties, re­flect­ing the con­tin­ued ap­pre­ci­a­tion and en­hance­ment of our re­al es­tate as­sets. Op­er­a­tional prof­its (ex­clud­ing non-op­er­at­ing items) al­so im­proved, sup­port­ed by sta­ble rev­enues and dis­ci­plined cost man­age­ment,” EHL chair­man John Aboud stat­ed in the com­pa­ny’s 2025 an­nu­al re­port which was post­ed on the T&T Stock Ex­change.

He al­so not­ed that rev­enue from con­tracts with cus­tomers re­mained steady at $89.3 mil­lion, with in­come from va­cat­ed units be­ing off­set by new and in­creased rentals in oth­er prop­er­ties.

While the com­mer­cial rental seg­ment ex­pe­ri­enced a de­cline of $1.6 mil­lion due to va­can­cies at the CHIC build­ing, this was coun­ter­bal­anced by gains in shop­ping mall and light in­dus­tri­al rentals, as well as ser­vice charges, Aboud added.

Fur­ther, he said EHL’s to­tal as­set base grew to $960.3 mil­lion, up from $952.2 mil­lion in 2024, dri­ven pri­mar­i­ly by the fair val­ue up­lift and cap­i­tal im­prove­ments.

“Our gear­ing ra­tio im­proved due to con­tin­ued loan re­pay­ments, and we re­main com­mit­ted to main­tain­ing a strong and flex­i­ble cap­i­tal struc­ture. Dur­ing the year, we de­clared and paid div­i­dends to­talling 80 cents per share, amount­ing to $26.2 mil­lion in re­turns to our share­hold­ers. This re­flects our on­go­ing com­mit­ment to de­liv­er­ing val­ue to our in­vestors while main­tain­ing fi­nan­cial pru­dence,” Aboud said.

He de­scribed this past year as one of con­tin­ued re­silience and strate­gic progress for EHL, adding that de­spite on­go­ing chal­lenges in the com­mer­cial rental mar­ket, the com­pa­ny’s di­ver­si­fied prop­er­ty port­fo­lio and pru­dent man­age­ment en­abled it to de­liv­er an­oth­er year of sol­id fi­nan­cial per­for­mance.

“The Trinidad and To­ba­go econ­o­my con­tin­ues to face head­winds, par­tic­u­lar­ly in the en­er­gy sec­tor. How­ev­er, growth in the non-en­er­gy sec­tor has pro­vid­ed some sta­bil­i­ty. With­in this con­text, the prop­er­ty rental mar­ket re­mains com­pet­i­tive, es­pe­cial­ly in the of­fice sub-sec­tor.

“Nev­er­the­less, de­mand for re­tail and light in­dus­tri­al spaces re­mains strong, and EHL’s strate­gi­cal­ly lo­cat­ed prop­er­ties have al­lowed us to main­tain high oc­cu­pan­cy lev­els across our port­fo­lio,” Aboud ex­plained.

He not­ed that EHL al­so re­tained its Cari A rat­ing on its bonds from Caribbean In­for­ma­tion & Cred­it Rat­ing Ser­vices Ltd (Cari­CRIS), reaf­firm­ing the strength of its fi­nan­cial po­si­tion and gov­er­nance.