NVD produces an audited Annual Report to unit holders and a management-prepared Semi-Annual report to unit holders. As the partnership has more than 85 unitholders, it presents its financial reports in the same format one would expect from public companies. Provided here are the annual and semi annual reports for the past few years
In 2017 NVD posted record results in both our operating divisions and hit a new level for Net Income
NVD strikes an optimistic tone in a semi annual report to unitholders that shares success to date and projects good things to come from the Yukon economy.
Northern Vision Development made steady progress in 2016 despite sluggish economic forces experienced by the Yukon economy early in the year. 2016 for NVD was a solid year of doing business, employing people, returning benefit to investors and building the economy.
We are pleased to provide unitholders with this report on the activities of Northern Vision Development Limited Partnership (“NVD” or “the Partnership”) for the first six months of 2016. Included herewith are financial statements as at and for the period ended June 30, 2016, along with the appropriate comparable results.
Despite the tough economy, Northern Vision Development performed well in 2015. The Partnership focused on margin improvement in the Hotel Division and vacancy reduction in its Real Estate Division.
The report for the six month period ending June 30, 2015 illustrates strong performance for the Hotels Division and a strong overall first half of the year relative to previous performance. Both Hotel and Rental Divisions posted improved results.
During 2014 the Partnership focused on the completion of NVD Place and the full integration of Hotels it acquired in 2013.
Stronger performance in the back half of 2014 will likely begin in the process of returning NVDLP to its traditional levels of income and cashflow performance.
During 2013 the Partnership focused on the leasing and sales efforts required to address vacancies in recently completed developments, the acquisition and integration of new hotels and the development of its signature NVD Place project.
A year of transition for NVD, the 2013 Semi Annual Report highlights the high pace of acquisition and growth activity that characterized the first half of 2013.
2012 marked the achievement of many important milestones for NVD including the completion of an important liquidity event and the completion of both River’s Reach and Waterfront Station on the Partnership’s core waterfront lands.
The first half of 2012 saw the Partnership making impact with the completion of its first luxury residential condominium project, substantial renovations to the High Country Inn, and brisk sales performance for the Titanium Way Business Park.
During 2011, the focus of the Partnership was on achieving operating performance gains while simultaneously embarking on a comprehensive development program aimed at unlocking asset value for unit holders.