Firm Capital Property Trust T.FCD.UN

Alternate Symbol(s): FRMUF

Real Estate REIT - Diversified

Firm Capital Property Trust (the Trust) is a Canada-based open-ended real estate investment trust. The Trust owns 100% of the outstanding Class A Limited Partnership Units of Firm Capital Property Limited Partnership (FCPLP), a limited partnership created under the laws of the Province of Ontario. FCPLP ultimately owns the investment properties through various subsidiaries. The Trust is focused on creating long-term value for unitholders through capital preservation and disciplined investing to achieve stable distributable income. The Trust operates through five segments: grocery anchored retail, non-grocery anchored retail, industrial, multi-residential and core service office provider. Its portfolio consists of 66 commercial properties with a total GLA of 2,558,146 square feet, five multi-residential complexes comprised of 599 units and four manufactured homes communities comprised of 537 units.

TSX:FCD.UN - Post by User

Firm Capital Property Trust > Bad News?

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Comment by bigo24on Feb 07, 2022 7:53am

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Post# 34403886

RE:Bad News?

Moving up to the TSE is always a good sign. They've let us all know they plan on issuing a lot of equity....250 million dollars , their present market cap is 259 million. When equity is barfed out it's ususally at less than what the stock is trading at. I've experienced this a number of times. I presently own nxr.un. A faithful bag holder for over a year, watching my investment grow and bang ! An equity blast wipes out my gain. Months,after , it recovers, but then Bang! Another equity blast . It appears to be recovering but these additional share issuances can really knock the wind out of you.
Apart from that, I like this IT. Appears solid

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