Yorkton Equity Group Inc. Announces Financial Results for the Second Quarter Ended
June 30th, 2024
Edmonton, Alberta – (August 21, 2024) – Yorkton Equity Group Inc. (TSXV YEG) (“Yorkton” or the
“Company”) is pleased to announce its financial results for the second quarter ended June 30tht, 2024.
Mr. Ben Lui, President and CEO of Yorkton, is very excited to announce, “Yorkton’s residential rental
revenue continues its robust growth, increasing by 36.4% to $2.4 million in Q2 2024 and 61.1% to $4.7
million for the six months ending June 30, 2024, compared to the same periods in 2023. This sustained
growth has contributed to a $1.4 million increase in the fair market value of our investment properties in
Q2 2024, driven largely by strong organic growth and strategic property acquisitions. We remain
confident that Alberta’s multi-family rental market will continue to grow throughout 2024, and Yorkton is
well positioned to capitalize on this growth.”


Q2 2024 Financial Highlights
 During Q2 2024, total rental revenue increased by $631,965 or 36.4% to $2,369,400, as
compared to Q2 2023. This was composed of an increase in rental revenue from the residential
investment properties of $658,261 or 40.5% to $2,283,243 and a decrease in rental revenue from
the commercial investment property of $26,296 or 23.4% to $86,157.
 During the six months ended June 30, 2024, total rental revenue increased by $1,778,988 or
61.1% to $4,690,215, as compared to the same period in 2023. This was composed of an
increase in rental revenue from the residential investment properties of $1,844,222 or 68.8% to
$4,523,181 and a decrease in rental revenue from the commercial investment property of

$65,234 or 28.1% to $167,034.
 Net rental income increased by $381,616 or 35.7% to $1,449,209 in Q2 2024, as compared to Q2
2023, and increased by $999,681 or 52.8% to $2,892,332 in the six months ended June 30,
2024, as compared to the same period in 2023.
 The Company recognized a fair value adjustment on the investment properties of $1,398,018
during Q2 2024. This reflects improvements in the stabilized net operating income, primarily from
increases in market rents due to continued strong rental demand in Edmonton, Alberta.
 The Company recognized deferred income tax expense of $305,205 during Q2 2024, which is
primarily related to the expected future tax impact of the increase in the fair market value of
investment properties, as described above.
 Overall there was net income and comprehensive income of $1,046,365 and $1,047,403,
respectively, in Q2 2024 and the six months ended June 30, 2024, as compared to a net loss and
comprehensive loss of $134,837 and $134,264, respectively, in the same periods in 2023.
 As at June 30th, 2024, Yorkton holds 518 residential rental units and 28,036 sq.ft. of
commercial space with a total portfolio value of $128,135,744, which grew by 32.5% as
compared to June 30th, 2023.
Highlights of the residential rental portfolio for the three and six months ended June 30th, 2024 are:
June 30,
2024
June 30,
2023 % change
Rental revenue $ 2,369,400 $ 1,737,435 36.4%
Net rental income $ 1,449,209 $ 1,067,593 35.7%
518 393 31.8%
99% 98% 1.0%
Average gross monthly rent $ 1,492 $ 8.3% 1,378
Three months ended
Weighted average number of units
Average occupancy rate
June 30,
2024
June 30,
2023 % change
Rental revenue $ 4,690,215 $ 2,911,227 61.1%
Net rental income $ 2,892,332 $ 1,892,651 52.8%
518 333 55.6%
98% 96% 2.1%
Average gross monthly rent $ 1,479 $ 10.3% 1,341
Six months ended
Weighted average number of units
Average occupancy rate
About Yorkton
Yorkton Equity Group Inc. is a growth-oriented real estate investment company committed to providing
shareholders with growing assets through accretive acquisitions, organic growth, and the active
management of multi-family rental properties with significant upside potential. Our current geographical
focus is in Alberta and British Columbia with diversified and growing economies, and strong population
in-migration. Our business objectives are to achieve growing Net Operating Income (“NOI”) and asset
values in our multi-family rental property portfolio in strategic markets across Western Canada.
The management team at Yorkton Equity Group Inc. has well over 30 years of prior real estate
experience in acquiring and managing rental assets.
Further information about Yorkton is available on the Company’s website at
www.yorktonequitygroup.com and the SEDAR+ website at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.

For further information on Yorkton, please contact:
Ben Lui, CEO
Telephone: (780) 409-8228
Email: investors@yorktonequitygroup.com

Forward-looking information
This press release may include forward-looking information within the meaning of Canadian securities legislation
concerning the business of Yorkton. Forward-looking information is based on certain key expectations and
assumptions made by the management of Yorkton. Although Yorkton believes that the expectations and
assumptions on which such forward-looking information is based are reasonable, undue reliance should not be
placed on the forward-looking information because Yorkton can give no assurance that they will prove to be correct.
Forward-looking statements contained in this press release are made as of the date of this press release. Yorkton
disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new
information, future events or results or otherwise, other than as required by applicable securities laws.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
described herein in the United States. The securities described herein have not been and will not be registered
under the United States Securities Act of 1933, as amended, or any applicable securities laws or any state of the
United States and may not be offered or sold in the United States or to the account or benefit of a person in the
United States absent an exemption from the registration requirement