SASKATCHEWAN FEMALE-LED COMPANY AVANA NAMED IN THE TOP 500 FASTEST GROWING COMPANIES IN THE AMERICAS BY THE FINANCIAL TIMES
For Immediate Release.
Regina, Saskatchewan, April 07, 2022 – Regina-based real estate development and management company, Avana, has been named in the top 500 on the Financial Times list of fastest-growing companies in the Americas for 2022.
The list was compiled via a collaboration between the Financial Times and the database company, Statista. Companies from across the Americas were ranked by their compound annual growth rate (CAGR) in revenue, between 2017 and 2020.
The female-led enterprise’s meteoric growth has positioned the company 308th, above household names like Tesla and Netflix in the rankings. Avana recorded an absolute growth rate of over 170% since 2017 to receive the nod from what is often recognized as the worldʼs leading global business publication.
“We are incredibly proud of the work we have accomplished,” says Jenn Denouden, Avana’s President and CEO. “We have approached our business by measuring success through not just profit, but our impact in the communities we serve. To see our name listed higher than some of these companies whose only function is to generate dividends serves as an example for other companies looking to generate good for everyday people rather than their stockholders.”
Avana has over $400 million in assets under management in Regina and Edmonton as part of their purpose-led real estate enterprise. Avana specializes in working with local governments and organizations to build quality housing to fulfill the immediate needs of local housing markets.
“We have set incredibly arduous growth targets and are well on track to reaching one billion dollars in assets under management by 2030,” says Denouden. “This is a great reminder that we are on the right track, we hope these sorts of accolades help amplify our voice further as we continue to build our business in a socially responsible and sustainable manner.”
This most recent distinction from the Financial Times adds to previous honours earned for exceptional growth. Avana ranked No. 10 on the Canadian Business and Maclean’s 2020 Growth List of top 500 companies in Canada. It marked the first time in history that a female-led company from Saskatchewan broke the Growth List’s Top 10.
For more information on Avana’s Regina and Edmonton portfolio visit avanabuilds.com.