Tue, May 6, 8:13 PM (9 days ago)
Hubilu Venture Corporation (HBUV) is a real estate consulting and acquisition company, focusing on student housing and residential rentals in Los Angeles. The company reported a net loss of $186,237 for the year ended December 31, 2024, an improvement from the $275,332 loss in 2023. Revenue increased by 18% to $2,232,412, driven by the acquisition of six new properties. Operating expenses rose by 42% to $1,109,297, primarily due to increased property acquisitions and professional fees. The company's financial condition remains challenging, with negative working capital of $2,582,595 and an accumulated deficit of $2,307,140. Hubilu Venture Corporation faces significant risks, including dependence on a single major tenant, high debt levels, and the need for additional financing. The company's strategic outlook involves acquiring more properties and diversifying its investment portfolio. However, its future outlook is uncertain due to its financial condition and the competitive nature of the real estate market. The company's market position has not changed significantly, with its shares quoted on the OTC Pink market. The company's financial performance and strategic initiatives will be crucial in determining its future success.