Firm Capital American Realty Partners Corp. (V:FCA*CA)

Business Focus: Diversified REITs

Sector:  Financials Industry:  Diversified REITs
 
See Regulatory Filings on SEDAR
Company Contact
Address: 163 Cartwright Ave
NORTH YORK ON M6A 1V5
Tel: N/A
Website: firmcapital.com
IR: See website
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Key People
Keith L. Ray
Interim Chairman of the Board
Eli Dadouch
President, Chief Executive Officer, Vice Chairman of the Board
Sandy I. Poklar
Chief Financial Officer
Jorge Aldecoa
Interim Chief Operating Officer
Alex Bloomberg
Vice President - Investment Portfolio Management
 
Business Overview
Firm Capital American Realty Partners Corp, formerly Delavaco Residential Properties Corp, is a Canada-based company, which focuses on the United States-based real estate platforms, such as Income producing real estate and Debt Investment platform. Its Income producing real estate platform focuses on acquiring income producing the United States real estate assets in various cities located across the United States. The acquisitions would be completed either solely by the Company or in joint-venture partnership through Firm Capital's managed accounts or with industry joint venture partners. Its Debt Investment Platform creates the United States real estate debt and equity lending platform focuses on lending in various cities across the United States, focusing on providing bridge mortgage loans and joint venture capital. The investments would be completed either solely by the Company or in partnership through Firm Capital's managed accounts or in partnership with other lenders.
Financial Overview
For the three months ended 31 March 2019, Firm Capital American Realty Prtnrs Corp revenues increased 7% to $1.1M. Net income applicable to common stockholders excluding extraordinary items increased from $2K to $1.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Fair value adjustments of investment pro increase from $0K to $1.3M (income).
Reporting Currency: U.S. Dollars
Enterprise value: $84.05M as of Mar 31, 2019
Annual revenue (TTM): $5.54M as of Mar 31, 2019
EBITDA (TTM): $1.20M as of Mar 31, 2019
Net annual income (TTM): $7.76M as of Mar 31, 2019
Free cash flow (TTM): -$0.46M as of Mar 31, 2019
Net Debt Last Fiscal Year: $21.65M as of Mar 31, 2019
Shares outstanding: 6,935,306 as of Mar 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization