Firm Capital Mortgage Investment Corporation (T:FC)
Business Focus: Retail & Mortgage Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 163 Cartwright Ave TORONTO ON M6A 1V5 |
| Tel: | N/A |
| Website: | firmcapital.com/fcmic |
| IR: | See website |
| Key People | ||
| Eli Dadouch President, Chief Executive Officer, Director | Ryan M. Lim Chief Financial Officer | Jonathan Mair Chief Operating Officer, Executive Vice President, Director |
| Sandy I. Poklar Executive Vice President - Finance, Managing Director | Victoria Shali Granovski Senior Vice President, Secretary, Director, Credit and Equity Capital | Joseph Fried Secretary |
| Business Overview |
| Firm Capital Mortgage Investment Corporation is a Canada-based mortgage investment company. The Company is a non-bank lender providing primarily residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The Company's primary investment objective is the preservation of shareholders equity, while providing shareholders with a stable stream of dividends from the Company's investments. It achieves its investment objectives by pursuing a strategy of investing in loans in niche real estate markets. Firm Capital Corporation is the Company's mortgage banker and acts as the loan originator, underwriter, servicer and syndicator. Its investment portfolio includes conventional first mortgages, conventional non-first mortgages, related debt investments, debtor in possession loan, discounted debt investments and non-conventional mortgages. FC Treasury Management Inc. is its investment manager. |
| Financial Overview |
| For the three months ended 31 March 2022, Firm Capital Mortgage Investment Corp revenues increased 10% to C$12.6M. Net income increased 8% to C$7.9M. Revenues reflect Other income - Balancing value increase from -C$5K to C$0K. Dividend per share decreased from C$0.31 to C$0.23. Basic Earnings per Share excluding Extraordinary Items decreased from C$0.24 to C$0.23. |
| Employees: | 1 as of Dec 31, 2020 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $49.01M as of Mar 31, 2022 |
| EBITDA (TTM): | $31.25M as of Mar 31, 2022 |
| Net annual income (TTM): | $30.54M as of Mar 31, 2022 |
| Free cash flow (TTM): | $12.23M as of Mar 31, 2022 |
| Net Debt Last Fiscal Year: | $209.11M as of Mar 31, 2022 |
| Shares outstanding: | 34,483,256 as of May 9, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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