Sygnus Real Estate Finance Limited has reported a significant profit increase for Q3 2025, primarily driven by gains from joint ventures, including the acquisition of a strategic stake in Delphin Holdings Limited.

Target Information

Sygnus Real Estate Finance Limited (SRF) recently demonstrated a remarkable turnaround for its third quarter ending May 2025, achieving a profit of $151.74 million. This signifies a significant improvement from a loss of $136.02 million in the same period in 2024. The turnaround is largely attributed to robust gains from its joint ventures, particularly with Audere Holdings Limited, owner of the One Belmont commercial tower, and Delphin Holdings Limited, in which SRF recently acquired an 86% stake.

The acquisition of Delphin Holdings, which boasts 4.9 acres of prime beachfront property in Trelawny, was executed at a notable discount to market value, allowing SRF to capitalize on the asset's potential. This strategic move is in alignment with SRF's operational strategy, which focuses on unlocking value through well-negotiated transactions that promise future upside.

Industry Overview in Jamaica

The real estate sector in Jamaica has shown resilience and growth potential in recent years, particularly in the commercial and hospitality segments. The increase in foreign investment, alongside government initiatives aimed at improving i