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Firm Capital Property Trust (V:FCD.UN)

Business Focus: Diversified REITs

Sector:  Real Estate Industry:  Diversified REITs
See Regulatory Filings on SEDAR
Company Contact
Address: 163 Cartwright Avenue
Tel: N/A
IR: See website
Key People
Robert McKee
President, Chief Executive Officer, Trustee
Eli Dadouch
Vice Chairman, Co-Chief Investment Officer, Trustee
Sandy I. Poklar
Chief Financial Officer, Trustee
Jonathan Mair
Co-Chief Investment Officer, Trustee
Victoria Shali Granovski
Secretary, Trustee
Business Overview
Firm Capital Property Trust (the Trust) is an unincorporated open-ended real estate investment trust. The Trust focuses on creating value for unit holders through capital preservation and investing to achieve distributable income. The Trust operates through six segments: grocery anchored retail, non-grocery anchored retail, industrial, multi-residential, manufactured home communities, and core service office provider. Its products and services include Mortgage Banking, such as mortgage services, lending programs and mortgage brokers; Real Estate Investments; Special Situation Investments, and Alternative Credit. Its property management services include residential apartment buildings, multi and single tenant industrial buildings, leasing, retail and commercial properties, manufactured home, and land lease communities. Its asset management services include real estate investment banking, equity investments, leasing, strategic and advisory services, and receiver managers.
Financial Overview
For the three months ended 31 March 2022, Firm Capital Property Trust revenues increased 15% to C$13M. Net income applicable to common stockholders decreased 47% to C$5.3M. Revenues reflect multi-residential segment increase from C$427K to C$1.5M, Funds from Operations - Per Share - Basi increase of 4% to C$0.12. Net income was offset by FV Adjustments on Investment Property decrease of 85% to C$1.1M (income).
Employees: 1 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $502.61M as of Jun 30, 2022
Annual revenue (TTM): $48.13M as of Jun 30, 2022
EBITDA (TTM): $23.83M as of Jun 30, 2022
Net annual income (TTM): $53.57M as of Jun 30, 2022
Free cash flow (TTM): $8.67M as of Jun 30, 2022
Net Debt Last Fiscal Year: $324.82M as of Jun 30, 2022
Shares outstanding: 37,549,280 as of Jul 8, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization