Firm Capital Property Trust
Capital Structure
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- CEO
- Robert McKee
- Full Time Employees
- 1
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 163 Cartwright Avenue Toronto ON Canada M6A 1V5
- IPO Date
- Apr 8, 2009
- Website
- firmcapital.com
- Similar Companies
- Business
- Firm Capital Property Trust (TSX:FCD.UN) is a Canada-based open-ended real estate investment trust focused on creating long-term value for unitholders through capital preservation, disciplined investing, and stable distributable income. The Trust owns a diversified portfolio of properties across five reportable segments: Grocery Anchored Retail, Non-Grocery Anchored Retail, Industrial, Multi-Residential, and Core Service Office Provider; it generates a majority of revenues from grocery-anchored retail properties while also pursuing flex industrial, net lease convenience retail, and professional service spaces. In partnership with management, industry leaders, and strong financial partners, the Trust acquires standalone properties as well as joint and partial interests from existing ownership groups, providing liquidity to sellers and professional management to remaining partners; it is externally asset and property managed by Firm Capital Realty Partners Inc. and offers unitholders a monthly distribution, Distribution Reinvestment Plan (DRIP) with a unit purchase option, and alignment of interests through co-ownership strategies. Founded in 2012 and headquartered at 163 Cartwright Avenue, Toronto, Ontario, the Trust primarily operates in Canada with properties including commercial spaces totaling over 2.5 million square feet, multi-residential complexes with hundreds of units, and manufactured home communities. Its target markets encompass institutional-grade operators and local real estate partners via joint ventures in multi-residential, industrial, and retail asset classes. Among recent major developments, the Trust closed the sale of its 50% interest in a 159,470 square foot industrial building in Montreal for $27.9 million in March 2025, generating an estimated $8.0 million gain and reducing exposure to large tenants while proceeds fund acquisitions in grocery-anchored retail, multi-tenant industrial, and multi-residential sectors. In Q3/2025, it completed $38 million in mortgage refinancing activity, reported year-to-date results with a declining AFFO payout ratio, and announced a Normal Course Issuer Bid for potential repurchases of up to 10% of its units through August 2026. Further enhancements include positive amendments to the DRIP effective July 2025, lowering the floor price to enhance unitholder participation.
Company News
Firm Capital Property Trust Announces Closing of Transformational Accretive Acquisition of 50% Interests in Ten Manufactured Home Communities for $218 Million
Firm Capital Property Trust Announces Results of Annual Meeting of Unitholders
Firm Capital Property Trust Announces Completion of Competition Bureau of Canada Inquiry Regarding Acquisition of 50% Interests in Ten Manufactured Home Communities for $218 Million
Firm Capital Property Trust Files (Final) Base Shelf Prospectus
Firm Capital Property Trust Files Preliminary Base Shelf Prospectus
Firm Capital Property Trust Reports Q1/2026 Results
Firm Capital Property Trust Closes $8.5 Million MHC Acquisition, Advances $218 Million Portfolio Transaction
Firm Capital Property Trust Correction to News Release Dated April 6, 2026
Firm Capital Property Trust Announces Transformational Accretive Acquisitions of 50% Interests in Eleven Manufactured Home Communities for $227 Million
Firm Capital Property Trust (OTCMKTS:FRMUF) Shares Down 0.1% – Here’s What Happened
Firm Capital Property Trust Reports Q2/2025 and YTD Results
Firm Capital Property Trust Announces Results of Annual Meeting of Unitholders
Firm Capital Property Trust Announces Closing of Previously Announced Sale of Its 50% Interest in a 159,470 Square Foot Industrial Building Located in Montreal for $27.9 Million
Firm Capital Property Trust Reports Q1/2025 Results
Firm Capital Property Trust Reports Q4/2024 Results
Firm Capital Property Trust Announces the Sale of Its 50% Interest in a 159,470 Square Foot Industrial Building Located in Montreal for $27.9 Million
Firm Capital Property Trust Reports Q3/2024 Results
Firm Capital Property Trust Reports Q2/2024 Results
Firm Capital Property Trust Announces Normal Course Issuer Bid
Firm Capital Property Trust Announces Results of Annual Meeting of Unitholders