Income Statement Firm Capital Property Trust

Stocks

FCD.UN

CA3183261054

Diversified REITs

Market Closed - Toronto S.E. 15:59:59 2026-09-04 EDT			5-day change	1st Jan Change
6.830 ^CAD	+1.34%		-2.15%	+12.52%

08-20	Firm Capital Property Trust announces Monthly dividend, payable on November 16, 2026	CI
08-20	Firm Capital Property Trust announces Monthly dividend, payable on January 15, 2027	CI

1b8ed88461cc5d02c902cee.NiCvo43TmCasJ_H0M7qf2Gr1tgijujLmQjUkNy4F2tk.YmTf8eG11mWYHsaxR-v3lwCz2kD8-WS_dFduZBc2jJ5HVNnr7rbIXtVMlg

Published financial data: FIRM CAPITAL PROPERTY TRUST

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Rental Revenues	46.43M	54.02M	57.51M	60.58M	61.6M
Interest and Investment Income, Total (Revenue Block)	59.92K	149K	577K	828K	258K
Other Revenues, Total	-	-	-	-	-
Total Revenues	46.49M	54.17M	58.09M	61.4M	61.86M
Property Expenses	16.21M	18.56M	20.78M	22M	22.96M
Selling General & Admin Expenses, Total	6.29M	5.75M	4.97M	5.78M	6.74M
Stock-Based Compensation (IS)	1.73M	-1.66M	-733K	233K	876
Total Operating Expenses	24.23M	22.65M	25.02M	28.01M	29.69M
Operating Income (REIT / Utility Template)	22.26M	31.52M	33.07M	33.39M	32.16M
Interest Expense, Total	-9.35M	-12.74M	-14.69M	-14.35M	-14.7M
Net Interest Expenses	-9.35M	-12.74M	-14.69M	-14.35M	-14.7M
Other Non Operating Income (Expenses)	174K	150K	146K	76.44K	-
EBT, Excl. Unusual Items	13.08M	18.93M	18.53M	19.12M	17.46M
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	-2.11M	5.1M	135K	217K	1.82M
Asset Writedown	47.42M	-25.21M	-3.3M	14.55M	6.43M
EBT, Incl. Unusual Items	58.39M	-1.18M	15.37M	33.89M	25.72M
Earnings From Continuing Operations	58.39M	-1.18M	15.37M	33.89M	25.72M
Net Income to Company	58.39M	-1.18M	15.37M	33.89M	25.72M
Net Income - (IS)	58.39M	-1.18M	15.37M	33.89M	25.72M
Net Income to Common Incl Extra Items	58.39M	-1.18M	15.37M	33.89M	25.72M
Net Income to Common Excl. Extra Items	58.39M	-1.18M	15.37M	33.89M	25.72M
Per Share Items
Net EPS - Basic	1.72	-0.03	0.42	0.92	0.7
Basic EPS - Continuing Operations	1.72	-0.03	0.42	0.92	0.7
Basic Weighted Average Shares Outstanding	34.01M	37.1M	36.93M	36.93M	36.93M
Net EPS - Diluted	1.72	-0.03	0.42	0.92	0.69
Diluted EPS - Continuing Operations	1.72	-0.03	0.42	0.92	0.69
Diluted Weighted Average Shares Outstanding	34.01M	37.1M	36.93M	36.93M	37.14M
Normalized Basic EPS	0.24	0.32	0.31	0.32	0.3
Normalized Diluted EPS	0.24	0.32	0.31	0.32	0.29
Dividend Per Share	0.51	0.52	0.52	0.52	0.52
Payout Ratio	27.65	-1.58K	125.13	56.66	74.66
Supplemental Items
EBITA	22.26M	31.52M	33.07M	33.39M	32.16M
EBIT	22.26M	31.52M	33.07M	33.39M	32.16M
Normalized Net Income	8.18M	11.83M	11.58M	11.95M	10.91M
Interest on Long-Term Debt	9.06M	12.74M	14.69M	14.35M	14.7M
Supplemental Operating Expense Items
General and Administrative Expenses	6.29M	5.75M	4.97M	5.78M	6.74M
Net Rental Expense, Total	152K	156K	122K	41.28K	41.28K
Imputed Operating Lease Interest Expense	44.32K	53.89K	43.42K	14.19K	14.89K
Imputed Operating Lease Depreciation	108K	102K	78.73K	27.09K	26.39K
Stock-Based Comp., Other (Total)	1.73M	-1.66M	-733K	233K	876
Total Stock-Based Compensation	1.73M	-1.66M	-733K	233K	876

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Net Property Plant And Equipment	563M	616M	614M	634M	633M
Total Real Estate Assets	563M	616M	614M	634M	633M
Cash And Equivalents	5.9M	4.99M	8.33M	9.18M	5.67M
Accounts Receivable, Total	2.98M	1.18M	2.41M	2.57M	1.65M
Notes Receivable (Collected)	-	7.52M	5M	500K	-
Mortgage Loans	-	-	-	-	500K
Restricted Cash	203K	201K	141K	22.4K	23K
Other Current Assets, Total	3.22M	2.13M	7.33M	6.16M	4.72M
Other Long-Term Assets, Total	700K	1.58M	-	-	-
Total Assets	576M	634M	637M	652M	645M
Liabilities
Current Portion of Long-Term Debt	17.99M	72.79M	97.6M	18.16M	46.75M
Current Portion of Leases	36.58K	38.87K	45.71K	48.56K	51.6K
Short-Term Borrowings	24.8M	18.73M	31.3M	27.7M	14.67M
Long-Term Debt	222M	234M	206M	287M	258M
Long-Term Leases	222K	183K	155K	106K	54.67K
Accrued Expenses, Total	9.77M	6.36M	5.09M	6.23M	6.62M
Unearned Revenue, Current	527K	539K	793K	746K	660K
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	3.66M	2.74M	2.46M	3.58M	3.33M
Unearned Revenue Non Current	1.51M	2.01M	2.05M	2.33M	2.41M
Total Liabilities	280M	337M	346M	346M	332M
Common Stock, Total	198M	219M	218M	218M	218M
Retained Earnings	97.85M	77.8M	73.95M	88.64M	95.15M
Total Common Equity	296M	297M	292M	306M	313M
Total Equity	296M	297M	292M	306M	313M
Total Liabilities And Equity	576M	634M	637M	652M	645M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	34.01M	37.07M	36.93M	36.93M	36.93M
ECS Total Common Shares Outstanding	34.01M	37.1M	36.93M	36.93M	36.93M
Book Value / Share	8.7	7.99	7.9	8.3	8.47
Tangible Book Value	296M	297M	292M	306M	313M
Tangible Book Value Per Share	8.7	7.99	7.9	8.3	8.47
Total Debt	265M	326M	335M	333M	319M
Net Debt	259M	321M	327M	323M	314M
Debt Equivalent Oper. Leases	1.22M	1.25M	977K	330K	330K
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	523K	1.08M

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	58.39M	-1.18M	15.37M	33.89M	25.72M
Depreciation, Depletion & Amortization	-	-	-	-	-
Total Depreciation, Depletion & Amortization	-	-	-	-	-
Amortization of Deferred Charges, Total	983K	1.01M	771K	570K	593K
(Gain) Loss On Sale of Asset - (CF)	2.11M	-5.1M	-135K	-217K	-1.82M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Total Asset Writedown	-47.42M	25.21M	3.3M	-14.55M	-6.43M
Stock-Based Compensation (CF)	1.73M	-1.66M	-733K	233K	876
Change in Accounts Receivable	-685K	1.82M	-1.23M	-161K	925K
Change in Accounts Payable	4.29M	-2.87M	-555K	1.84M	73.5K
Change in Unearned Revenues	134K	334K	283K	237K	-11.9K
Change in Other Net Operating Assets (Collected)	-690K	1.4M	573K	-372K	390K
Other Operating Activities	7.76M	11.02M	11.28M	12.96M	13.75M
Cash from Operations	26.6M	29.97M	28.92M	34.42M	33.18M
Acquisition of Real Estate Assets, Total	-73.65M	-85.28M	-6.25M	-4.72M	-4.97M
Sale of Real Estate Assets, Total	25.82M	4.57M	1.59M	2.17M	14.88M
Net Sale / Acquisition of Real Estate Assets	-47.83M	-80.71M	-4.66M	-2.54M	9.9M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-	4.1M	4.5M	-
Cash from Investing	-47.83M	-80.71M	-562K	1.96M	9.9M
Short Term Debt Issued, Total	4.26M	-	12.57M	17.2M	14.67M
Long-Term Debt Issued, Total	30.96M	88.71M	6.87M	98.92M	24.4M
Total Debt Issued	35.22M	88.71M	19.44M	116M	39.07M
Short Term Debt Repaid, Total	-	-6.07M	-	-20.8M	-27.7M
Long-Term Debt Repaid, Total	-19.38M	-22.7M	-10.48M	-97.81M	-24.6M
Total Debt Repaid	-19.38M	-28.77M	-10.48M	-119M	-52.3M
Issuance of Common Stock	30.44M	23.27M	2.5K	-	-
Repurchase of Common Stock	-	-2.62M	-969K	-	-
Common Dividends Paid	-16.14M	-18.7M	-19.23M	-19.2M	-19.2M
Common & Preferred Stock Dividends Paid	-16.14M	-18.7M	-19.23M	-19.2M	-19.2M
Other Financing Activities, Total	-8.7M	-12.06M	-13.77M	-13.83M	-14.17M
Cash from Financing	21.44M	49.83M	-25.01M	-35.53M	-46.6M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	210K	-910K	3.35M	847K	-3.51M
Supplemental Items
Cash Interest Paid	-	429K	-	-	-
Net Debt Issued / Repaid	15.84M	59.94M	8.96M	-2.5M	-13.24M
Levered Free Cash Flow	36.32M	2.14M	6.37M	20.55M	13.92M
Unlevered Free Cash Flow	41.19M	9.1M	14.78M	28.95M	22.52M
Change In Net Working Capital	-25.54M	8.94M	5.15M	-7.85M	-2.41M

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	2.63	3.26	3.25	3.24	3.1
Return on Total Capital	2.69	3.33	3.31	3.3	3.16
Return On Equity %	22.48	-0.4	5.23	11.33	8.3
Return on Common Equity	22.48	-0.4	5.23	11.33	8.3
Margin Analysis
Gross Profit Margin %	65.12	65.73	64.22	64.17	62.89
SG&A Margin	13.52	10.61	8.55	9.41	10.89
EBITA Margin %	47.88	58.19	56.93	54.38	52
EBIT Margin %	47.88	58.19	56.93	54.38	52
Income From Continuing Operations Margin %	125.59	-2.19	26.46	55.19	41.57
Net Income Margin %	125.59	-2.19	26.46	55.19	41.57
Net Avail. For Common Margin %	125.59	-2.19	26.46	55.19	41.57
Normalized Net Income Margin	17.59	21.84	19.94	19.46	17.64
Levered Free Cash Flow Margin	78.13	3.96	10.97	33.46	22.51
Unlevered Free Cash Flow Margin	88.59	16.8	25.45	47.14	36.4
Asset Turnover
Asset Turnover	0.09	0.09	0.09	0.1	0.1
Fixed Assets Turnover	0.09	0.09	0.09	0.1	0.1
Receivables Turnover (Average Receivables)	15.62	25.94	32.02	24.3	29.18
Short Term Liquidity
Current Ratio	0.22	0.16	0.17	0.33	0.17
Quick Ratio	0.16	0.06	0.08	0.21	0.1
Operating Cash Flow to Current Liabilities	0.47	0.3	0.21	0.61	0.46
Days Sales Outstanding (Average Receivables)	23.37	14.07	11.4	15.06	12.51
Long Term Solvency
Total Debt/Equity	89.54	109.85	114.95	108.58	102.08
Total Debt / Total Capital	47.24	52.35	53.48	52.06	50.51
LT Debt/Equity	75.07	78.98	70.74	93.6	82.43
Long-Term Debt / Total Capital	39.61	37.63	32.91	44.87	40.79
Total Liabilities / Total Assets	48.66	53.22	54.24	53.01	51.51
EBIT / Interest Expense	2.38	2.47	2.25	2.33	2.19
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-
Total Debt / (EBITDA - Capex)	-	-	-	-	-
Net Debt / (EBITDA - Capex)	-	-	-	-	-
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.27	16.52	7.23	5.71	0.74
Gross Profit, 1 Yr. Growth %	5.9	17.61	4.77	5.63	-1.28
EBITA, 1 Yr. Growth %	-10.24	41.59	4.92	0.97	-3.68
EBIT, 1 Yr. Growth %	-10.24	41.59	4.92	0.97	-3.68
Earnings From Cont. Operations, 1 Yr. Growth %	268.82	-102.03	-1.4K	120.51	-24.11
Net Income, 1 Yr. Growth %	268.82	-102.03	-1.4K	120.51	-24.11
Diluted EPS Before Extra, 1 Yr. Growth %	218.27	-101.86	-1.4K	120.51	-24.37
Normalized Net Income, 1 Yr. Growth %	-20.26	44.69	-2.09	3.16	-8.64
Net Property, Plant and Equip., 1 Yr. Growth %	25.35	9.4	-0.35	3.15	-0.12
Accounts Receivable, 1 Yr. Growth %	0.84	-60.48	104.49	6.69	-35.93
Total Assets, 1 Yr. Growth %	19.94	9.98	0.55	2.29	-1.02
Common Equity, 1 Yr. Growth %	32.43	0.2	-1.63	5.04	2.13
Tangible Book Value, 1 Yr. Growth %	32.43	0.2	-1.63	5.04	2.13
Cash From Operations, 1 Yr. Growth %	19.16	12.67	-3.52	19.03	-3.59
Levered Free Cash Flow, 1 Yr. Growth %	-422.33	-94.1	197.5	222.34	-33.85
Unlevered Free Cash Flow, 1 Yr. Growth %	-765.23	-77.9	62.44	95.83	-23.53
Dividend Per Share, 1 Yr. Growth %	2	1.88	0	0	0.07
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	13.24	10.22	11.78	6.47	3.2
Gross Profit, 2 Yr. CAGR %	14.52	11.6	11	5.2	2.12
EBITA, 2 Yr. CAGR %	8.56	12.74	21.88	2.93	-1.38
EBIT, 2 Yr. CAGR %	8.56	12.74	21.88	2.93	-1.38
Earnings From Cont. Operations, 2 Yr. CAGR %	27.85	-72.65	-48.7	434.92	29.36
Net Income, 2 Yr. CAGR %	27.85	-72.65	-48.7	434.92	29.36
Diluted EPS Before Extra, 2 Yr. CAGR %	21.36	-75.67	-50.76	436.18	28.95
Normalized Net Income, 2 Yr. CAGR %	8.59	7.41	19.02	0.5	-2.92
Net Property, Plant and Equip., 2 Yr. CAGR %	10.93	17.1	4.41	1.39	1.5
Accounts Receivable, 2 Yr. CAGR %	3.57	-36.87	-10.1	47.71	-17.32
Total Assets, 2 Yr. CAGR %	10.13	14.86	5.16	1.41	0.62
Common Equity, 2 Yr. CAGR %	13.67	15.19	-0.72	1.65	3.57
Tangible Book Value, 2 Yr. CAGR %	13.67	15.19	-0.72	1.65	3.57
Cash From Operations, 2 Yr. CAGR %	8.78	15.87	4.26	7.16	7.13
Levered Free Cash Flow, 2 Yr. CAGR %	67.45	-56.39	-58.11	209.67	47.79
Unlevered Free Cash Flow, 2 Yr. CAGR %	53.61	21.24	-40.09	78.35	23.42
Dividend Per Share, 2 Yr. CAGR %	3.08	1.94	0.94	0	0.03
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	28.07	14.32	9.22	9.72	4.52
Gross Profit, 3 Yr. CAGR %	31.91	15.54	9.28	9.18	2.99
EBITA, 3 Yr. CAGR %	25.9	18.61	10.07	14.47	0.68
EBIT, 3 Yr. CAGR %	25.9	18.61	10.07	14.47	0.68
Earnings From Cont. Operations, 3 Yr. CAGR %	54.51	-67.88	-0.99	-16.59	178.98
Net Income, 3 Yr. CAGR %	54.51	-67.88	-0.99	-16.59	178.98
Diluted EPS Before Extra, 3 Yr. CAGR %	23.91	-69.86	-8.28	-18.84	178.83
Normalized Net Income, 3 Yr. CAGR %	18.94	19.49	4.15	13.48	-2.65
Net Property, Plant and Equip., 3 Yr. CAGR %	38.32	10.42	10.97	3.99	0.88
Accounts Receivable, 3 Yr. CAGR %	17.84	-24.88	-6.59	-4.82	11.81
Total Assets, 3 Yr. CAGR %	37.58	10.08	9.87	4.19	0.6
Common Equity, 3 Yr. CAGR %	33.47	8.99	9.29	1.17	1.81
Tangible Book Value, 3 Yr. CAGR %	33.47	8.99	9.29	1.17	1.81
Cash From Operations, 3 Yr. CAGR %	40.23	10.06	9.01	8.97	3.45
Levered Free Cash Flow, 3 Yr. CAGR %	175.99	-45.11	-17.3	-17.29	86.6
Unlevered Free Cash Flow, 3 Yr. CAGR %	123.09	-19.51	33.66	-11.09	35.26
Dividend Per Share, 3 Yr. CAGR %	3.5	2.68	1.29	0.62	0.02
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	23.3	22.89	21.29	11.12	6.77
Gross Profit, 5 Yr. CAGR %	26.14	25.26	23.11	11.28	6.35
EBITA, 5 Yr. CAGR %	23.79	27.27	24.28	12.07	5.34
EBIT, 5 Yr. CAGR %	23.79	27.27	24.28	12.07	5.34
Earnings From Cont. Operations, 5 Yr. CAGR %	48.94	-40.76	-0.59	-1.05	10.19
Net Income, 5 Yr. CAGR %	48.94	-40.76	-0.59	-1.05	10.19
Diluted EPS Before Extra, 5 Yr. CAGR %	22.26	-51.54	-14.34	-4.67	5.11
Normalized Net Income, 5 Yr. CAGR %	20.5	24.2	18.98	11.5	1.26
Net Property, Plant and Equip., 5 Yr. CAGR %	28.01	25.22	23.6	6.71	7.08
Accounts Receivable, 5 Yr. CAGR %	10.03	-8.27	5.75	-1.55	-11.04
Total Assets, 5 Yr. CAGR %	28.15	25.6	23.56	6.53	6.07
Common Equity, 5 Yr. CAGR %	30.76	26.06	18.57	5.99	6.97
Tangible Book Value, 5 Yr. CAGR %	30.76	26.06	18.57	5.99	6.97
Cash From Operations, 5 Yr. CAGR %	26.12	26.98	24.55	8.89	8.25
Levered Free Cash Flow, 5 Yr. CAGR %	42.03	-10.82	29.84	9.67	4.32
Unlevered Free Cash Flow, 5 Yr. CAGR %	39.91	11.08	31.85	10.65	29.46
Dividend Per Share, 5 Yr. CAGR %	3.8	3.38	2.47	1.6	0.79