Quantas Advantage sees opportunities in real estate 

Investment firm Quantas Advantage Ltd sees opportunities in real estate following its initial public offering (IPO).

It also has deals in The Bahamas and the Cayman Islands in its pipeline of opportunities. 

“Right now we are seeing opportunities across many sectors and in real estate in particular, not just in Jamaica, but regionally, both in commercial and residential. We're seeing really strong demand for financing in that particular area,” said co-founder and CEO Dr Adrian Stokes in a Financial Gleaner interview. 

Outside of real estate, Dr Stokes said there are opportunities in mining, tourism, distribution, and manufacturing.

“As long as a business has a good model, a solid customer base and we are dealing with good operators, then that gives us the basis to do business with that entity,” the CEO said. 

Noting that more than 90 per cent of its business has been done with Jamaica-related companies in its over three years of existence, Dr Stokes indicated that Quantas would be activating its expansion plan throughout the region in short order.

The company raised roughly $2.4 billion in an offer that was $900 million oversubscribed. 

“For the IPO, we put together a fairly detailed prospectus in which we outlined the major priorities of the company,” Dr Stokes told the Financial Gleaner. “Our objective is not necessarily to come up with new ideas but to execute what we're doing really well, so that our investors can benefit from those initiatives.”

The company’s net profit moved from US$1.06 million in its first financial year of eight months in 2023 to US$1.7 million in 2024 and US$1.9 million in 2025.

The company’s total revenue also climbed over the same period, from US$1.5 million to US$2.4 million and then US$2.8 million. Return on equity improved from 6.4 per cent in 2023 to 9.6 per cent in 2024 and 10.2 per cent in 2025.

According to a release, proceeds from the IPO will be used to expand Quantas Advantage's investment portfolio, increase its capacity to pursue credit and cash flow-based investment opportunities, strengthen liquidity, and support the company's growing pipeline of investments across the Caribbean region.

Expansion
“Our plan was always to start in Jamaica, to do well in Jamaica and to gain the confidence of our investors, then to venture into other markets in the Caribbean. That's what we're doing now… .The Bahamas and Cayman Islands are interesting markets with opportunities that we are looking at. The Bahamas, in particular, we are into the second round of (DUE) diligence in some opportunities that we see there,” Dr Stokes disclosed.

The Quantas CEO said the company has its eye on fast-growing Guyana and the Dominican Republic, but said the time was not right to enter those markets as yet.

luke.douglas@gleanerjm.com