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

Business Focus: Diversified REITs

Sector:  Financials Industry:  Diversified REITs
 
See Regulatory Filings on SEDAR
Company Contact
Address: 163 Cartwright Avenue
ONTARIO ON M6A 1V5
Tel: N/A
Website: N/A
IR: N/A
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Key People
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Business Overview
Firm Capital American Realty Partners Trust is a Canada-based multi-residential real estate investment Company. The Company 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 nine months ended 30 September 2019, Firm Capital American Realty Prtnrs Trst revenues increased 5% to $3.2M. Net income applicable to common stockholders excluding extraordinary items increased 62% to $3.7M. 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 $896K to $2.3M (income).
Reporting Currency: U.S. Dollars
Enterprise value: $93.28M as of Sep 30, 2019
Annual revenue (TTM): $5.69M as of Sep 30, 2019
EBITDA (TTM): $1.10M as of Sep 30, 2019
Net annual income (TTM): $7.39M as of Sep 30, 2019
Free cash flow (TTM): $0.04M as of Sep 30, 2019
Net Debt Last Fiscal Year: $23.94M as of Sep 30, 2019
Shares outstanding: 6,935,306 as of Jan 7, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization