1. Canada Stocks

  2. •

    Real Estate

  3. •

    REIT - Residential
Firm Capital Apartment Real Estate Investment Trust

Firm Capital Apartment Real Estate Investment Trust

FCA-UN.V
Firm Capital Apartment Real Estate Investment TrustCA flagToronto Stock Exchange Ventures
4.35
CAD
- -
- -
33.08MMarket Cap
Firm Capital Apartment Real Estate Investment Trust
FCA-UN.V
(Toronto Stock Exchange Ventures)

Recent

price

4.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2012
2013
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.25
3.86
0.28
6.49
4.63
1.99
2.11
0.94
0.66
0.62
0.53
0.77
1.52
1.56
0.97
0.8
0.8
Revenue per Share
-3.31
5.38
-1.08
-8.63
-4.45
-10.32
-2.69
0.28
0.9
1.02
0.73
0.51
-1.86
-1.15
-0.45
-0.93
-1.25
Basic EPS, GAAP
-1.53
-5.03
-0.45
-7.99
-2.18
-2.44
-1.49
-0.11
0.11
0.1
0.02
0.41
0.41
-0.11
0.03
-0.07
-0.21
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
0.02
0.22
0.23
0.25
0.24
0.12
- -
- -
- -
- -
Dividend per Share
24.8
1,068.11
22.97
181.46
20.71
12.21
8.11
7.95
8.61
9.39
9.84
10.15
8.17
7.02
6.57
5.64
5.31
Book Value per Share
24.8
1,068.11
22.97
181.46
20.71
12.21
8.11
7.95
8.61
9.39
9.84
10.15
8.17
7.02
6.57
5.64
5.31
Tangible Book Value per Share
- -
1
- -
1
2
2
2
5
6
7
8
8
8
8
8
8
8
Basic Weighted Avg Shares
- -
3
- -
6
10
4
5
5
4
4
4
6
12
12
7
6
6
Sales/Revenue/Turnover
-1,312.89
-73.7
-385.23
-29.53
-10.71
25.24
17.01
5.89
6.01
16.84
7.45
13.8
28.81
21.6
9.3
9.06
10.39
Operating Margin (%)
- -
- -
- -
3
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
4
- -
-8
-9
-20
-6
1
6
7
6
4
-14
-9
-3
-7
-9
Net Income, GAAP
- -
22.34
- -
- -
- -
- -
- -
- -
- -
- -
- -
12.44
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-1,312.89
139.35
-385.23
-133.02
-96.15
-518.95
-127.39
29.25
136.11
164.23
135.86
65.34
-121.83
-73.48
-46.58
-115.58
-156.42
Profit Margin (%)
1
2
1
5
26
12
19
10
3
5
2
-10
-31
52
51
50
49
Working Capital
- -
22
- -
56
61
38
35
18
18
31
29
34
58
24
29
29
29
LT Debt
1
26
1
49
45
25
35
49
60
65
76
77
62
53
50
43
40
Total Equity
- -
-6.3
- -
- -
- -
- -
- -
- -
- -
- -
0.3
0.62
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
20.19
- -
- -
- -
- -
- -
- -
- -
- -
7.21
5.06
- -
- -
- -
- -
- -
Return on Capital (%)
-12.78
32.5
-0.2
-32.62
-19.57
-56.46
-19.56
3.19
10.38
11.3
7.95
5.02
-20.28
-15.08
-6.63
-15.23
-21.04
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
29
29
29
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
23
22
22

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
57
56
55
Cash, Cash Equivalents & STI
6
5
4
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
7
6
6
Payables & Accruals
7
6
6
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.26%
-10.49%
-14.15%
Free Cash Flow
154.44%
394.53%
-367.76%
Net Income, GAAP
-35.68%
-98.35%
106.31%
Sales/Revenue/Turnover
9.63%
17.44%
-16.86%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2
2
2
1
7
2025
2
2
2
2
6
2026
1
2
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.17
-0.37
0.11
- -
-0.45
2025
-0.01
-0.01
-0.72
- -
-0.93
2026
-0.06
-0.27
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Mid-America Apartment Communities, Inc. (MAA-PI)
Killam Apartment REIT (KMP-UN.TO)
Daiwa Securities Living Investment Corporation (8986.T)
Advance Residence Investment Corporation (3269.T)
UMH Properties, Inc. (UMH.TA)
Mitsui Fudosan Accommodations Fund Inc. (3226.T)
Business
Firm Capital Apartment Real Estate Investment Trust is a Canada-based real estate investment trust that invests primarily in U.S. multi-residential real estate and related real estate credit opportunities. The Trust’s principal activities comprise the acquisition, ownership and disposition of income-producing multifamily residential properties in major U.S. cities, either directly or through joint ventures with local operating partners that generally provide property-management services; the provision of mortgage debt and equity capital for multi-residential and other real estate assets; bridge mortgage financing; land and construction financing; investment-property financing; mezzanine financing; distressed-debt acquisitions and restructurings; bridge-equity financings; joint-venture capital; and capital for income-producing and development real estate assets. Its mortgage-capital customers include landlords, developers, builders, real estate investment trusts and capital-markets participants. The Trust operates through real estate equity and mortgage-capital investment platforms and focuses on deploying capital across debt and equity investments in the United States. Firm Capital Apartment Real Estate Investment Trust was established in 2012 and is headquartered in Toronto, Ontario, Canada; it is affiliated with the Firm Capital organization, a boutique alternative private-equity real estate firm founded in 1988. The Trust’s units trade on the TSX Venture Exchange under FCA.U in U.S. dollars and FCA.UN in Canadian dollars. In 2026, the Trust continues its strategic review and has stated that it expects to dispose of its remaining assets, after which it may return capital to unitholders and/or pursue the sale, repurposing or reutilization of the Trust as an alternative platform, including a newly developed or third-party finance-company initiative. As an interim strategic step, the Trust has announced its intention to change its name to Northvest Financial Trust, subject to exchange approval, to reflect its proposed business model and strategic direction.