Capital Properties, Inc.
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ROIC.AI
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- Capital Properties, Inc. Capital Properties, Inc. (CPTP) engages in the leasing of company-owned land in downtown Providence, Rhode Island's Capital Center and adjacent property under long-term ground leases; through its wholly-owned subsidiary Tri-State Displays, Inc., it leases 23 outdoor advertising locations containing 44 billboard faces along interstate and primary highways in Rhode Island and Massachusetts to Lamar Outdoor Advertising, LLC under a master lease expiring in 2049. The company owns approximately 18 acres comprising 13 individual parcels in the Capital Center, with ten parcels developed or under development for residential complexes, office buildings, and a public parking garage; it also leases undeveloped parcels for short-term public parking and maintains a long-term ground lease for Parcel 20 adjacent to the Capital Center, which includes planned residential and office space. Founded in 1983 as the successor to a 1979 entity and headquartered at 5 Steeple Street in Providence, Rhode Island, Capital Properties operates exclusively in these real estate leasing and outdoor advertising segments, targeting commercial developers, parking operators, and advertisers in the northeastern United States. In recent years, the company sold its petroleum storage terminal assets to Sprague Operating Resources, LLC in 2017, fully dissolving related subsidiaries by 2019 and classifying the segment as discontinued operations; it entered an amended and restated ground lease for Parcel 20 in 2018, transferring title to the Steeple Street Building to the lessee effective December 1, 2018; resolved a post-sale dispute with Sprague via a $173,000 payment in 2024; declared regular quarterly dividends of $0.07 per share alongside a total 2024 payout of $0.28 per share yielding approximately 2.51%; and held $850,000 in cash equivalents plus $1,294,000 in U.S. Treasuries maturing in March 2025 as of year-end 2024.
Capital Properties, Inc. Declares Regular Quarterly Dividend
Capital Properties, Inc. Declares Regular Quarterly Dividend
Capital Properties, Inc. Declares Regular Quarterly Dividend
Capital Properties, Inc. Declares Regular Quarterly Dividend
Capital Properties, Inc. Declares Regular Quarterly Dividend
Capital Properties, Inc. Form 15 Filing
Capital Properties, Inc. Declares Regular Quarterly Dividend
Capital Properties, Inc. Declares Regular Quarterly Dividend
Capital Properties, Inc. Declares Regular Quarterly Dividend
Capital Properties, Inc. Declares Regular Quarterly Dividend
Capital Properties, Inc. Declares Regular Quarterly Dividend
Capital Properties, Inc. Declares Regular Quarterly Dividend
Capital Properties, Inc. Declares Regular Quarterly Dividend
Capital Properties, Inc. Declares Regular Quarterly Dividend