Firm Capital Mortgage Investment Corporation
FC.TO
Toronto Stock Exchange12.07
CAD
-0.07
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Firm Capital Mortgage Investment Corporation
FC.TO
(Toronto Stock Exchange)
Recent
price
12.07
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Firm Capital Mortgage Investment Corporation (FCMIC), through its mortgage banker Firm Capital Corporation, operates as a non-bank lender focused on originating, funding, purchasing, and servicing short-term residential and commercial real estate mortgage loans and related debt investments primarily in Canada. The company provides a diversified portfolio of lending products and services, including construction and development lending; investment property financing; short-term lending; bridge financing; mezzanine and joint venture equity investments; capital market facilities; alternative residential lending programs; and infill construction lending; as well as loan origination, underwriting, servicing, syndication, asset management, real estate financing, investment financing, and advisory services targeting builders, developers, real estate owners, and investors in residential houses, small multi-family properties, mixed-use residential developments, and commercial assets. Founded in 1988 and headquartered at 163 Cartwright Avenue in Toronto, Ontario, FCMIC pursues growth in niche markets underserved by traditional banks, with revenue derived mainly from interest, fee income, and commissions in Canada and the United States. In October 2025, the company completed a $25 million bought deal financing of convertible debentures due December 31, 2032, led by a syndicate including CIBC Capital Markets, TD Securities, Canaccord Genuity, and others to support its investment activities. Earlier in 2025, FCMIC expanded an equity offering to raise over $22 million through 1.95 million common shares at $11.30 each, underwritten by TD Securities and CIBC Capital Markets. For the nine months ended September 30, 2025, the company reported new investment funding of $216.5 million and repayments of $243.3 million, while maintaining regular monthly dividends of $0.078 per share and achieving strong quarterly results, such as $9.7 million in comprehensive income for Q2 2025.
Firm Capital Mortgage Investment Corporation Announces Election of Directors
Firm Capital Mortgage Investment Corporation Completes $25 Million Bought Deal Financing