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 nine months ended 30 September 2018, Firm Capital American Realty Prtnrs Corp revenues decreased 13% to $3.1M. Net income applicable to common stockholders excluding extraordinary items totaled $2.3M vs. loss of $393K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Income from equity investments increase from $254K to $3.3M (income).
Reporting Currency: U.S. Dollars
Enterprise value: $75.15M as of Sep 30, 2018
Annual revenue (TTM): $5.39M as of Sep 30, 2018
EBITDA (TTM): $1.36M as of Sep 30, 2018
Net annual income (TTM): $3.50M as of Sep 30, 2018
Free cash flow (TTM): -$4.02M as of Sep 30, 2018
Net Debt Last Fiscal Year: $31.06M as of Sep 30, 2018
Shares outstanding: 6,127,663 as of Nov 13, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization